Gap’s broke hipsters, Givenchy CEO, MyWardrobe’s new strategy, Franca power, Iris Apfel

Franca Sozzani by Peter Lindbergh | Source: Interview

Gap’s Targeting of Broke Hipsters May Be Flawed (Bloomberg) “Gap Inc., which drew legions of young adults in the 1990s with classic khakis and swing-dancing ads, is again banking on young, hip customers to resuscitate its sales. Too bad they’re broke now.” LVMH appoints new Givenchy CEO (FT) “Givenchy, the French fashion house owned by LVMH, has announced a new chief executive officer poached from Italian arch

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Saluting Nobility, Global consumer class, L Capital fund, Indian designers, Burberry scholarship

Calvin Klein, Ralph Lauren, Proenza Schouler A/W 2012 | Source: Style.com

Saluting Nobility, Tweeds and All (NY Times) “Oh, Mr. Lauren, you do amaze as you entertain. But seriously, you could not have been a better costume designer — as much as you love the movies — than you are an exceedingly good fashion designer. You may not have an ironic bone in your body, despite what your colleagues tell you, but you have the virtue, and indeed it is a great virtue, of being an earnest American.” New

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Fantasy island, LVMH and Fabindia, High expectations, HBS fashion tech boom, Celebrity designers

Marc Jacobs Autumn/Winter 2012 | Source: NY Times

A Magical Pilgrim’s Path (IHT) “In the sensible world of New York fashion, Marc Jacobs stands alone on fantasy island. And this season, he played his role as agent provocateur and psychoanalyst of style to the ultimate degree.” LVMH’s PE arm buys 8 pct of Fabindia (Reuters) “L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group, has bought the 8 percent stake held by

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LVMH sees 2012 growth, Clothes make the man, Flash dance, Polo puzzle, Bill Cunningham

Bernard Arnault | Source: The Richest

LVMH Profit Meets Estimates, Sees 2012 Growth (Bloomberg) “LVMH Moet Hennessy Louis Vuitton SA (MC), the world’s largest maker of luxury goods, reported full-year profit that met analysts’ estimates and said it’s “well- equipped” to maintain growth in 2012. Net income rose 1 percent to 3.07 billion euros ($4 billion) in 2011, the Paris-based maker of Zenith watches said today.” In cities, clothes maketh the man (China

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Benetton ponders delisting, Good life, Bright young things, Diesel collaboration, New extremists

Benetton Autumn/Winter 2012 | Source: Fashion Latest

Benetton to make decision on delisting (FT) “The Benetton family will decide at a board meeting on Wednesday whether to delist the Italian knitwear group known for its brightly coloured jumpers after the company posted another plunge in profits as it struggles to compete with Inditex and H&M.” Luxury Companies That Can Bring You Closer to the Good Life (Money Morning) “A lot of consumers are hurting right now,

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Military in Milan, LVMH eyes Fabindia, On the prowl, Dates debate settled, Tavi steps up

Giorgio Armani Fall 2012 | Source: IHT

Military, Front and Center (IHT) “Is it the bitter, battling winter following the Arab spring that has created a march of the military in men’s fashion? A soldierly influence was an undercurrent in the winter 2012 Milan men’s show, which closed Tuesday. The idea of smartening up and shaping up may be a response to Europe’s gloomy economic situation” LVMH fund looks to stitch a deal with Fabindia (Business Standard)

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Market Pulse | Resilience in the Face of Uncertainty

Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period.  The cause for this divergence was a temporary sell-off in luxury stocks in mid-December.  Two factors contributed to this: the Italian sovereign debt

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Mobile allure, LVMH grows Hermès stake, Nike’s brand power, Eye for design, Sophie Theallet

Rue La La Screen Shot | Source: Rue La La

Online retailing: The mobile allure (FT) “The transparency and convenience of ‘mobile commerce’ have given Americans the upper hand over retailers, according to Mr Thompson, who echoes the connect-and-inspire ideology of Silicon Valley when he says: ‘The consumer ultimately holds all the power.’ Indeed, for many traditional retailers, rising competition from the internet has capped sales growth,

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Asian engine, Menswear market growth, Online in India, Vogue archive, Oliver Spencer

Prada store Hong Kong | Source: Hong Kong Hustle

Across Asia, an Engine of Growth for Luxury Firms (IHT) “Europe is struggling to contain a spiraling debt crisis, the U.S. economy is beset with high unemployment, and emerging Asian economies are growing less rapidly. But none of this is killing off Asian shoppers’ taste for luxury goods. Companies like Burberry, Hugo Boss and Prada have continued to strike an upbeat tone on Asia in recent weeks, despite the havoc that debt

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