Michael Kors sells minority stake in deal that values brand at $2.5B (New York Post) “The New York fashion label — whose black-clad founder and namesake also moonlights as a tough judge on the “Project Runway” TV reality series — has sold a minority stake to a group of investors in a deal that values the brand at a whopping $2.5 billion.” Surface to Air Comes to New York (IHT) “In a sense, the business model of Surface to Air was
Retailtainment: the future of shopping? (Independent) “An extension of previous high-concept… These concept stores provide the kind of entertainment designed to make you – or at least your children – leave the premises grinning from ear-to-ear as you reel from your experiential day out. This is Retailtainment.” In Nigeria, ‘Lace’ Market Reflects Rising Middle Class (WSJ) “No longer reserved for
Pretty, posh and profitable (FT) “Even though Jack Wills is a rapidly expanding global business… you could be forgiven for never having come across it before. [The company targets] teens with money… It prides itself on its stealth marketing and its very direct relationship with its consumers.” Three decades later, Michael Kors’ shows no signs of slowing down (Globe and Mail) “Optimism is in the spring
Luxury brands focus on digital retail experience (Marketing) “Brands and high-end retailers, including House of Fraser and Selfridges, are preparing to launch virtual shopping experiences using cutting-edge digital technologies.” Google wins EU ruling in fake luxury goods case (AP) “Google Inc. won a key European Union court ruling Tuesday that says it did not violate luxury goods trademarks by allowing
J. Crew more than doubles profit in 3Q (AP) “J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage. The results sent its stock surging in after-hours trading after the retailer beat Wall Street consensus estimates for profit and revenue.” Michael Kors: The fashion designer who fits and flatters (Independent)
Michael Kors: an upbeat, uptown guy in a downturn (The Times) “Michael Kors, one of fashion’s great survivors, is still selling in Manhattan and Palm Beach, despite the Madoff effect, and London is set to follow” Delhi gets fashion pie, Mumbai the crumbs! (The Times of India) Could India finally be getting it’s fashion act together or is it just another acronym to add to India’s fashion scene?
Michael, Macro (Fashion Week Daily) The Michael Kors brand just keeps on growing as it plans to open 25 stores in Europe in the next three years. Are The Glossies Losing Their Lustre? (JC Report) “By continuing to focus on the highest of fashion, are magazines alienating a readership for which luxury is an aspiration more out of reach than ever?,” asks the JC Report. Retailers Still Expanding in China (WSJ) Even though