Bulgari’s billionaires, Web fashion foray, Top of the world, Fashion over art, Inside Brioni

[caption id="attachment_40456" align="alignnone" width="500" caption="Nicola and Paolo Bulgari | Source: Forbes/Getty Images"][/caption] Bulgari Brothers, Jewelers To The Stars, Are Billionaires Thanks To Tiny LVMH Stake (Forbes) "In 2011, however, French luxury empire Moët Hennessy Louis Vuitton (LVMH) acquired Bulgari in an all-share deal, handing over 3.6% of the conglomerate to the family. Last year, as LVMH’s stock rose, the Bulgaris and nephew Trapani sold a tiny sliver of their stake, reportedly to take care of taxes and other expenses." Amid U.K. Retailer Woes, a Web Fashion Foray (BusinessWeek) "As more British retailers succumb to competition from the Internet, a venture capital firm is underscoring the shift with its first investment in a fashion seller to develop its online business." On Top of the…

…Continue Reading

Vuitton CEO surprise, Web only no more, Instagram outrage, Vice buys i-D, Posen on Project Runway

Louis Vuitton Autumn/Winter 2012 | Source: Louis Vuitton

LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last

…Continue Reading

Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

…Continue Reading

Model maker, LVMH dilemma, Coach loses lustre, Reviving UK factories, Fashion wisdom from Dries

Mario Testino | Source: All Art News

Mario Testino interview: the man who makes models super (Observer) “At 57, the world’s most prolific magazine photographer is just getting started. It’s only 15 years, after all, since his career exploded in the wake of his 1997 Vanity Fair shoot with Diana, Princess of Wales. In 2010 he shot the engagement photos of Wills and Kate, and it’s entirely conceivable that, should the time come, he’ll

…Continue Reading

Louboutin vs YSL, LVMH calms investors, Bloggers rising, Chanel rescues Barrie, Sarah Doukas

Sasha Wilkins by Rosie Hallam | Source: Financial Times

YSL Files Motion to Dismiss Louboutin Case (The Cut) “The Christian Louboutin versus YSL case has dragged on for well over a year, and now it seems like both parties are finally willing to stick a fork in it… YSL filed a request to drop the rest of its counterclaims against Christian Louboutin, according to a brief issued by YSL’s lawyer, David Bernstein.” LVMH says no major slowdown at Louis Vuitton in Q3

…Continue Reading

Market Pulse | Burberry Causes a Downpour

Savigny Luxury Index September 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) lost 6.9 percent in September, underperforming a flat-ish MSCI World Index (MSCI) by nearly seven percentage points.  Burberry’s profit warning sent the sector into turmoil mid-month and no amount of good news from the likes of Prada and Michael Kors could lift investors’ spirits. Big news Burberry announced a substantial slowdown in sales growth, with same store sales

…Continue Reading

Marc’s optical illusions, Mispelaere exits DVF, Arnault shake up, Virtual models, Legal accessory

Marc Jacobs Spring/Summer 2013 | Source: NY Times

Marc Jacobs: Optical Allusions (IHT) “The Jacobs theory is to take an opposing stand: Whatever he did last season — layered, textured outfits with romantic big fur hats — goes into reverse for the next collection.” Yvan Mispelaere leaves Diane von Furstenberg (Telegraph) “French-born Mispelaere, who began his tenure at the DVF in April 2010, announced his unexpected departure just 48 hours after showing his last

…Continue Reading

Zegna hires Pilati, Richemont Asia sales slow, Dispute escalates, Online trade-offs, Cost of craft

Stefano Pilati by Evan Sung | Source: NY Times

Zegna Hires Designer From Saint Laurent to Bolster Brand (NY Times) “The Italian men’s wear company Ermenegildo Zegna moved on Tuesday to strengthen its core brand and breathe new life into its little-known women’s fashion line by hiring a designer best known for his work at Yves Saint Laurent.” Richemont’s Asia bonanza slows, tourists boost Europe (Reuters) “Richemont, the world’s second-largest

…Continue Reading

Apple eyes The Fancy, LVMH in India, Anya’s investors, Techie fashionistas, Chinese superblogger

Joe Einhorn, CEO The Fancy | Source: Forbes

Apple Wants To Buy Pinterest Rival, The Fancy (Business Insider) “Apple is in talks to acquire The Fancy, a fast-growing social commerce site backed by cofounders of Twitter and Facebook, Business Insider has learned. The objective: to secure a role for Apple in the growing e-commerce market.” L Capital in talks with top fashion designers to setup LVMH clone in India (Economic Times) “Private equity firm L

…Continue Reading