Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
As her first issue of Lucky hits newsstands, BoF talks to the 33-year-old Eva Chen about her quick ascension to the role of editor-in-chief, digital approachability and her vision for reinventing the magazine.
In Italy, a British Outpost (NY Times) “In other words, Burberry, Dsquared, Cavalli and Gucci are not names you will often read in the same sentence. Yet a pronounced Englishness ran through the collections from each of those houses, making Milan feel temporarily like an extension of the Tuscan region called Chiantishire.” Youth Is Beautiful (IHT) “The passing of the flame from a much older 70-something generation
Prada first-half revenue buoyed by robust Asian growth (Reuters) “Italian fashion house Prada, which competes with Louis Vuitton and PPR’s Gucci, posted a 36.5 percent jump in first-half revenue, buoyed by strong growth in Asia, with sales driven mainly by its Prada and Miu Miu brands.” Bill Blass Fires Designer. Again. (On the Runway) “Jeffrey Monteiro and the rest of the women’s design team at Bill Blass
Retailers fear Olympics might ring hollow (FT) “Optimism that the games would generate a rise in economic activity, to offset the effects of the recession and the eurocrisis, has given way to scepticism as the opening ceremony creeps closer.” Global luxury brands put up sale signs to woo first-time buyers (Economic Times) “International luxury brands such as Chanel, Christian Dior and Burberry have started
Opening Ceremony Founders to Lead Kenzo (Elle) “LVMH has tapped the retail dynamos behind Opening Ceremony as Kenzo’s new creative directors… Lim and Leon succeed Antonio Marras, who designed for Kenzo from 2004 until the recent menswear collection… Leon and Lim will continue to lead Opening Ceremony while working to reenergise Kenzo’s brand image.” At Versailles, Rock ‘n’ Rococo (IHT) “Who would have thought that
End of the line for Zara tsar (Independent) “Amancio Ortega, the wealthiest man in Spain and perhaps one of the world’s most reclusive moguls, has tiptoed into the spotlight this week by announcing his imminent retirement from the fast-fashion giant Inditex… which he founded with a single store in La Coruna 35 years ago.” Who’s Buying All That Luxury? Not the Rich (WSJ) “Luxury is soaring again…
NEW YORK, United States — In recent seasons, fashion brands have learnt to think like publishers, creating original digital content to earn attention and attract fans who will carry their message across the internet. But the reverse is also true: squeezed by shrinking advertising budgets, traditional content creators like magazines are learning to think like retailers, embracing e-commerce to open new revenue streams and monetise