Burton takes reins at McQueen, Gaultier exits Hermès, Theyskens for Theory, Vuitton ads banned, Giles talks Ungaro

Sarah Burton, Alexander McQueen A/W 2010 | Sources: Telegraph, Style.com

Sarah Burton confirmed as Creative Director at Alexander McQueen (Telegraph) “A statement from Alexander McQueen and its ‘parent’ company, Gucci Group, announced that Burton will supervise the creative direction and development of all collections of the brand going forwards.” New Designer at Hermès (NY Times) “After seven years, Jean Paul Gaultier is giving up his ready-to-wear duties at Hermès and will be

…Continue Reading

Burberry profits soar, Maison Vuitton London, Japan’s fast fashion, McQueen honour, Moments in blog history

Burberry profit tops forecast, steps up expansion (Reuters) "Luxury goods group Burberry beat forecasts with a 23 percent rise in annual profit, boosted by sales of coats and leather goods, and said it was stepping up its expansion despite a tough economic backdrop." Louis Vuitton lands in London (Guardian) "Welcome to the new Bond Street palace of Louis Vuitton, which takes the dark art of luxury retail to a new level. For starters – despite the racks of handbags, luggage and clothes – this flagship, which opens to the public on Friday, is not – repeat not – a shop." The Japanese love affair with fast fashion (Philippine Star) "The aggressive marketing and advertising campaigns employed by the fast-fashion brands…

…Continue Reading

Remembering Dumas, Vuitton tops ranking, At the Met Ball, Up close with Stefano Pilati, Jason Wu collector

Carré Hermès | Source: Hermès

Jean-Louis Dumas, Chief of Hermès, Dies at 72 (NY Times) “Jean-Louis Dumas, who revived the flagging fortunes of Hermès in the late 1970s and in his nearly 30 years as the company’s chief executive transformed it into one of the world’s most successful luxury brands, died Saturday at his home in Paris.” Louis Vuitton Tops Hermes, Gucci as Most Valuable Luxury Brand (Bloomberg) “Louis Vuitton, the French fashion

…Continue Reading

Band of Outsiders’ big push, Fashion and Finance, EBay ‘Flash’ sales, Smythson’s politics, Hardy Amies bespoke

Leslie Mann wearing Boy | Source: Boy. by Band of Outsiders

Can an Outsider Cash In? (WSJ) “Scott Sternberg, a former Hollywood talent agent, is pushing to turn his small, successful label into a fashion empire. Formerly with Creative Artists Agency, Mr. Sternberg quit his job seven years ago to launch the label Band of Outsiders, spawning a boom in skinny ties and riding the surge in modern prep wear.” Top fashion brands enjoy a new vogue (FT) “Fashion and finance have

…Continue Reading

McCarthy’s era at W, Burberry and Vuitton top list, Hermès’ profits fall, Fashion Week in Seoul, Twitter etiquette

Patrick McCarthy | Source: W Magazine

A Collector of Scoops Steps Down (NY Times) “As the editorial director of WWD [and W]…Mr. McCarthy always considered his publications to be the singular powerhouse for scoops, whether a designer was changing jobs or a retailer was headed for bankruptcy. In fact, his reign was so great that it was called ‘the McCarthy era.’” Burberry & LVMH Top List for ‘Mystery’ Luxury Shoppers (Just Luxe)

…Continue Reading

Pringle push, Luxury sales reveal confidence, Burberry 3D, Vuitton’s emotional intelligence, The meaning of green

Pringle thrown an £18m as it moves to recapture the luxury market (Guardian) “The wealthy foreign owners of Pringle of Scotland have pumped another £18m into the loss-making brand’s continuing attempt to become a Burberry-style luxury label… accounts show the company has received injections of £10m and £8m from its owners, Hong Kong textile dynasty the Fang family.” Luxury sales reveal return of confidence

…Continue Reading

Richemont stake in Prada?, Frugality fatigue, UK’s strong holiday, Vuitton’s savoir-faire, Nicola Formichetti goes Gaga

Prada Autumn/Winter 2009 | Source: Prada

Luxury jewelry maker Richemont eyes Prada stake (New York Post) “Prada is close to a tie-up with Swiss watch and jewelry maker Richemont that could shake up the luxury landscape worldwide, sources told The Post. The Italian fashion house — whose ambitions to expand have been hampered for years by a crippling debt load — is nearing a deal to sell about a third of the cash-strapped label to Richemont.” Luxury

…Continue Reading

Permira holds Boss, Chanel wins suit, Vuitton’s new ads, Recession’s reality on Rodeo, Christmas trading

Rodeo Drive | Source: Shutterstock

Permira to keep Hugo Boss, ProSieben for years (Reuters) “Permira doesn’t plan to exit from media company ProSiebenSat.1 and fashion label Hugo Boss for a couple of years, the German head of the private equity company told Reuters.” Chanel wins counterfeit case but is forced to pay damages (Telegraph) “A seamstress who took Chanel to court for stealing her small firm’s crochet pattern has lost her

…Continue Reading

Margiela confirms exit, Primark’s record sales, Talbots in surprise merger, Lara Stone for Vuitton, The Power 25

Martin Margiela to Leave Fashion House He Founded (NY Times) “Insiders had known for months that Mr. Margiela had left the company in all but name. The designer’s particular vision, which had focused on the authenticity of the vintage artisan fused with modern photo prints depicting wrinkles or handwork, was missing from recent shows.” Primark beats its one-day sales record (Independent) “The flagship Primark

…Continue Reading

Shoes and bags endure, Catwalks a-twitter, Back to basics, Recession launches, Vuitton to Lebanon

Courtesy of Chanel

Shoes, bags prove staying power in luxury crisis (Reuters) “At the height of the luxury goods boom, launching a single successful “it” bag was enough to substantially alter a company’s profit outlook. Over the past week at the Paris fashion shows, buyers, designers and executives were hoping the same kind of accessories magic would help luxury firms weather the economic downturn.” World’s fashion

…Continue Reading

H&M sales disappoint, LFW looks forward, Condé Nast prepares for cuts, Leibovitz for LV, Luxury and social media

Jimmy Choo for H&M, courtesy of H&M

H&M August sales disappoint (FT) “Hennes & Mauritz, the world’s third-biggest clothing retailer by sales, on Thursday announced a 4 per cent increase in third-quarter earnings but August sales were worse than expected.” Eye on London: Fashion Week at a Turning Point (WSJ) “A three-year, $6.9 million funding package from the London Development Agency has helped fund the British Fashion Council’s

…Continue Reading

Google vs. Vuitton, Hermès: Japan slump continues, U.K. online sales climb, Fashion branding, Savile Row survival

Handbags at dawn for Louis Vuitton and Google (FT) "It will be handbags at dawn on Tuesday in Strasbourg as the world’s luxury goods makers line up to listen to the European Court of Justice’s advocate-general give his opinion in the case of Google versus Louis Vuitton." Click here to watch the Bloomberg video. Hermès CEO Sees No Light in ‘Tunnel’ This Year on Japan Slump (Bloomberg) "Hermès International SCA Chief Executive Officer Patrick Thomas said he isn’t optimistic about the next six months because of a delayed economic recovery in Japan, the French luxury-goods maker’s biggest market." U.K. August Online Sales Climb More Than Expected on Clothing (Bloomberg) "U.K. online retail sales climbed more than expected in August as shoppers, lured…

…Continue Reading

Nick Knight speaks, Inditex’s online push, Shared origins of Calvin and Ralph, Star style power fades, LV in Beirut

Nick Knight on location

Nick Knight on fashion, photographs and failings (Times) Luke Leitch interviews Nick Knight: “I have friends in the City who are amazed by how the fashion business is conducted. It’s controlled by a few people, and not particularly well.” Inditex 1H Pft Beats Views; Plans Online Push (WSJ) “Inditex SA, Europe’s top fashion retailer by revenue, Wednesday said it plans a major push online for its flagship Zara-brand, as it reported

…Continue Reading