Why fashion has fallen out of love with its A-list clotheshorses (Independent) “This time around, the women chosen… are united by their anonymity outside of [fashion]… prompting many insiders to wonder: is fashion’s long-running love affair with celebrity finally over?” American Apparel Shares Plunge as Auditor Steps Aside (WSJ) “American Apparel shares plunged as much as 25% Thursday after the
Gap targets Milan and China as it kickstarts its plans for global expansion (FT) “Gap, the American casual clothing retailer, plans to open a store in Milan, the home of Italian high fashion, later this year, in a further sign of its growing confidence after a multi-year slump.” Mariella Burani Fashion Group Will Be Dissolved (Bloomberg) “Mariella Burani Fashion Group, which makes Vivienne Westwood products under
PPR to take 2-3 years to sell retail businesses (Reuters) “PPR said it could take up to three years to sell its Fnac, Conforama and La Redoute retail businesses, which is part of its strategy to refocus on its luxury, lifestyle and sportswear activities.” Streaming is the new Blogging (Telegraph) “Blogging? It’s so last week. Right now, ‘live’ streaming of catwalk shows is steaming! In fact, it’s
The Trials of a Former Boy Wonder (NY Times) “There was a time when brashness was a refreshing change in New York fashion, which had been dominated by a handful of aging mega-brands until Mr. Posen planted his flag in the biggest, most expensive tent in Bryant Park. But his extravagant success came so quickly… that his setbacks echo all the more loudly.” Polo Ralph Lauren profit rises as it warns of Asia hit
Rose: no growth for retail in 2010 (Independent) “Sir Stuart Rose has said that the UK retail market will not grow this year, as uncertainty over how the next government will tackle the public deficit hangs over consumer spending.” Burani Seeks New Adviser to Help Rescue Fashion Group (Bloomberg) “Burani, which makes clothes under license for Vivienne Westwood, on Jan. 3 said Mediobanca withdrew as an adviser,
No firm buyer seen for Christian Lacroix fashion house (AFP) “The outlook for beleaguered French couture house Christian Lacroix looked bleak at the weekend after potential buyers let a deadline pass to deposit cheques ahead of Tuesday’s bankruptcy court hearing.” Upscale Retailers May Get Lift from High-Income Shoppers (USA Today) “The holiday shopping season may just prove a little merrier than expected.
Nick Knight: Techno King (IHT) “What makes this glossy magazine photo session different is not just that it takes place in a London museum… It’s that there are thousands, maybe millions, of other viewers out there in cyberspace following the live stream, watching the hairdresser flicking Natalia’s Mohawk or sending tweets about her luminous beauty.” Mariella Burani mulls strategic investor (Reuters)
‘We invented business casual’ (Globe and Mail) “Still serious about suits, Brooks Brothers owner says storied firm is well-positioned to succeed in an increasingly dressed-down world.” Burani Shares Halted as Auditor Cites ‘Uncertainties’ on Future (Bloomberg) Mariella Burani Fashion Group, a licensee for Vivienne Westwood “was halted in Milan trading as the luxury-goods maker’s auditor cited