Exploitation vs experience, Balderton on investing, LVMH beats estimates, Armani odd man out, Denim’s appeal

Fashion industry internships: exploitation or experience? (Guardian) “The haute couture world may be glamorous, but some interns at the gritty end of the business are being exploited in their quest to gain industry experience.” Balderton Capital on its Investment Strategy (The Next Woman) “As we’re seeing lots of companies from different sectors, it gives us a useful vantage point for spotting broader trends,

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Yuan fears, Google vs LVMH Round 2, Shoes the new ‘it’ bag, Digital marketing costs, Stella for Team GB

Declining dollar reduces Chinese competitiveness | Source: Impactlab

China’s textile firms may face bankruptcy on yuan appreciation (Xinhuanet) “Half of China’s textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry’s thin profit margins.” French Court Kicks Google/LVMH Case Back To Appeals (WSJ) “The French Supreme Court Tuesday referred a previous ruling against Internet search

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In Ethical Fashion, Desirability is Sustainability

NEW YORK, United States — Over the past ten years, the eco-fashion movement has been gathering steam. Following the lead of pioneering brands like Stella McCartney and NOIR, which were founded on the basis of ethical principles near the turn of the millennium, there are now entire fashion exhibitions, forums and blogs all focused on so-called sustainable fashion. Ethical fashion is also high on the agenda of the major luxury goods

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Gap profits spike, Christopher and Donatella, Gloomy retail outlook, Kenzo not for sale, Osman in Motion

GAP S/s 2010 Ad Campaign | Source: Denimology

Gap Profit Up 40 per cent As Old Navy Drives Sales (WSJ) “Gap Inc. (GPS) reported a 40% increase in profits for the first quarter, as sales were boosted by strong performance at the company’s budget brand, Old Navy. Sales at that division rose 6.8% to $1.3 billion, accounting for nearly 40% of Gap Inc.’s total.” Versace and Kane: An Odd Mix That Works (NYT) “They are an odd couple, Mr. Kane and Ms.

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Mulberry blooms, Mickey Drexler’s jewel, Bored with frugality, LVMH cautious, Valuing Facebook fans

Mulberry Spring/Summer 2010 featuring the Alexa bag | Source: Mulberry

How Mulberry bagged success in the battle for affordable luxury (Guardian) “Many women spending nearly £1,000 on a handbag may salve their conscience by telling themselves it is an investment. But is it? ‘I am rather keen on the idea,’ chuckles Godfrey Davis, the chief executive of the fast-growing luxury brand Mulberry.” Mickey Drexler Has Yet Another Reason to Be Giving High Fives (Vanity Fair) “The

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LVMH Q1 sales jump 11%, Shedding Talbots’ Granny image, Retail boosts Dow, Boss sees profit growth, Ask a Stylist app

Hugo Boss SS 2010 | Source: hugoboss.com

Luxury goods brand LVMH sees sales soar (Guardian) “A surge in demand for expensive jewellery, fashion goods, perfume and champagne has sent sales soaring at luxury goods firm LVMH Moët Hennessy Louis Vuitton. LVMH saw revenues jump by 11% in the first three months of this year to €4.472bn.” Talbots Politely Shows Granny the Door (WSJ) “To solidify its comeback and boost sales, Talbots must complete a merchandise

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Remembering Malcolm McLaren, LVMH hotel deal, American Apparel scramble, H&M beats forecast, Gilhart’s spirit

Malcolm McLaren, pictured in June 1994 | Source: Times

Causing Outrage: Remembering Malcolm McLaren (NY Times) “Malcolm McLaren… was never really into fashion, though we fashion writers loved to pick his brain. Mr. McLaren saw the big cultural picture of which fashion was a part, and he sensed the small vibrations long, long before they reached the mainstream.” LVMH signs luxury hotel deal with Egypt’s Orascom (FT) “LVMH, the luxury goods company, is to

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Googling luxury, Expectations for luxe recovery, Tiffany sparkles again, Lacroix’s fall, Louboutin’s killer heels

Louis Vuitton Monogram Canvas Detail | Source: Louis Vuitton

Filching a Good Name for Internet Use? (IHT) “A search for ‘Louis Vuitton’ on Google’s British Web site turns up an advertisement for ‘Designer Handbags 70% off’ — to the fury of LVMH, the French luxury goods conglomerate that owns the brand.” Luxury earnings forecasts to rise (Reuters) “Burberry, Richemont and Swatch Group touched a one-year peak on Thursday, but expectations about the

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Luxury spending rebounds, Mr. Miuccia, Della Valle ups Saks stake, Tokyo sets sights on new gen, Return of the it bag?

Roger Vivier Miss Viv | Source: Holt Renfrew

What The Rich Are Buying Now (Forbes) “While most consumers aren’t returning to their pre-recession shopping patterns, there has been a rebound in luxury spending lately. Ultra affluent shoppers … have started to come out of hiding” Miuccia and Me (WSJ) “Bertelli, is the mastermind behind a label most people associate with his wife, Miuccia Prada, the avant-garde designer who has created global

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LVMH on the watch, Valli’s production, Affluent friends, McCartney’s minimalism, Paris focuses on daywear

Hublot Platinum Watch Detail | Source: Hublot

LVMH Must Watch It (WSJ) “LVMH should do more to fill out its lack of presence in the ‘hard’ luxury segments of jewelry and high-end watches. High operating leverage at jewelers and watch makers, especially smaller outfits, has left them economically vulnerable and a potential hunting ground to scale up LVMH’s business.” Giambattista Valli to Sew His Own Clothes (WSJ) “Mr. Valli said that, starting today, he

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Fendi wins damages, Saks lightens the mood, Ginza loses its lustre, LVMH and Parsons, Drape and shape

"Think About" Campaign | Source: Saks Facebook

Burlington Coat Factory Ordered To Pay Damages To Fendi (Business Insider) “Federal Judge Leonard Sand in New York ruled Monday that Burlington Coat Factory knowingly violated Italian fashion company Fendi’s trademarks, and awarded the luxury brand treble damages.” A Campaign to Leaven the Mood (NY Times) “The Saks campaign is indicative of a trend on Madison Avenue to evoke elements of the dire days of the

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Jones buys Rodriguez, US retail recovery, LVMH earnings down, Hermès ups forecast, Which celebrities sell?

Robert Rodriguez Summer 2010 | Source: Robert Rodriguez

Jones Apparel Acquires L.A. Designer Label (Apparel News) “Jones Apparel Group Inc., the… corporation that has been on the hunt for brands, acquired Los Angeles womenswear contemporary label Robert Rodriguez for $28 million. Jones Apparel is hoping to expand the Robert Rodriguez name in other categories and other doors.” US retail groups continue to recover (FT) “Spending by US shoppers continued to bounce

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Tiffany shines again, Tony Blair and LVMH, Italy to exit crisis first, Shifting values of the wealthy, Chic clicks

Jean Schlumberger for Tiffany's | Source: Tiffany & Co.

Shine returns as Tiffany’s sales rise (FT) “Tiffany, the US jeweller, raised its profit outlook yesterday as strong holiday sales brought some shine back to an industry that cash-constrained consumers shunned during the worst of the recession.” Tony Blair could help LVMH’s forays into new markets (Reuters) “Tony Blair’s expected appointment as adviser to LVMH… could help it penetrate tough

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