Provenance? There’s an App for That

NEW YORK, United States — Large luxury goods makers have long emphasised the cultural heritage of their brands and the provenance of their products. But in search of business efficiencies, these same luxury companies — who must ultimately answer to shareholders — increasingly source materials and labour outside their home markets, especially for their more affordable lines, creating a disconnect between consumer perception and manufacturing reality. As consumers increasingly scrutinise luxury goods purchases, and craftsmanship, authenticity and heritage take centre stage in major advertising campaigns for brands like Gucci and Louis Vuitton, this disconnect has become more pronounced. Indeed, earlier this year, the UK’s Advertising Standards Agency banned two Louis Vuitton ads for misleading the public into thinking that the…

…Continue Reading

Mexico’s luxury promise, ASOS goes global, UK retail sales up, M&S cautious, Cathy Horyn en route to Paris

El Palacio de Hierro luxury department store, Mexico City | Source: iluminet.com.mx

Ferragamo Chief Norsa Says Mexico Is Strongest Luxury Market (Bloomberg) “Salvatore Ferragamo SpA Chief Executive Officer Michele Norsa said the Italian fashion brand’s strongest sales growth among major economies this year has been in Mexico, where the wealthy spent more at home as the peso fell.” Asos benefits from overseas sales (FT) “In a statement ahead of its annual shareholder meeting, Asos said

…Continue Reading

Friday Column | Noelle Reno to partner with Zandra Rhodes

Zandra Rhodes for Marks & Spencer

LONDON, United Kingdom — She may have given up the boyfriend and lost the company, but Noelle Reno, the founder of Degrees of Freedom with ex-boyfriend Matthew Mellon, has retained her love of working in fashion. After a year hiatus in the wake of the separation (during which she filed suit against Mellon in Manhattan Superior Court), she’s back in London and hard at work on her next fashion project—trying to grow Zandra

…Continue Reading

M&S job cuts, Disastrous holiday sales, NY confirms designers, Iconix to Latin America

Marks & Spencer to Cut 1,230 Jobs (WWD) Marks & Spencer’s chairman expects its “gross profit margin to be 1.75 percentage points lower than the previous year,” and plans to cut 1,230 jobs. New Year, bad news (Just Style) The “disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings over the next couple of months.” Calvin Klein, Michael Kors Confirmed For New

…Continue Reading