McQueen brand to continue, PPR profits up, Burberry restructures in Spain, Alexa joy for Mulberry, London’s lights

| Daily Digest

Alexander McQueen Spring Summer 2010 | Source: style.com

Alexander McQueen label will survive (Times) “Alexander McQueen’s fashion label will live on despite the designer’s apparent suicide last week, it was announced this morning.” PPR full year net profit increases 7 percent (AP) “Retail-to-luxury group PPR SA reported a 7 percent increase in 2009 profits Thursday and said it is launching a sales offensive to boost revenues in fast-growing markets such as

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China and luxury cachet, Rugby’s online runway, Inditex push in Asia, Mulberry magic, Bonus tax blues?

| Daily Digest

Rugby's Make Your Own Fashion Show | Source: Rugby

European Luxury Goods Risk Cachet With China Focus (Bloomberg) “European luxury brands are risking their cachet and alienating Western shoppers by changing designs to appeal to the Chinese market, according to Tyler Brûlé , the London-based design consultant and editor of Monocle magazine.” Will Fashion’s Biggest Names Kiss the Runway Goodbye? (Time) “On Dec. 11, Rugby, Ralph Lauren’s collegiate brand,

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Eddie Bauer files for bankruptcy, Mulberry gains, Beth Ditto designs, Diesel Black Gold pulls out of NYFW

| Daily Digest

Eddie Bauer goose down slippers, courtesy of Eddie Bauer

Eddie Bauer Plots Its Next Ascent (WSJ) “Eddie Bauer Holdings Inc., the nearly 90-year-old outdoor retailer with a rich history, filed for Chapter 11 bankruptcy protection, overcome by a heavy debt load.” British style captures mood of times, says Mulberry (Reuters) “The leather bags specialist said UK like-for-like sales leapt 21 percent in the first 10 weeks of its new financial year, helping to send its shares

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Net-a-Porter’s discount site, Milan’s design strategies, Mulberry beats expectations, Online rules

| Daily Digest

Outnet homepage

Net-a-Porter gives details of discount venture (Drapers) As revealed in BoF’s exclusive interview with Natalie Massenet in November, Net-a-Porter will launch a discount e-Commerce venture called Outnet.com. Milan’s Choice: Appeal to Reason or the Gut? (WSJ) In order to lure customers, designers in Milan employed polarising design strategies. Mulberry to beat expectations (Drapers) According to Mulberry, the holiday

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Zara’s strong sales, Mulberry’s profit warning, Elle’s avatar, Low cost shopping

| Daily Digest

Zara owner Inditex posts strong sales (Drapers) Despite the volatile market conditions, Inditex has posted a net sales increase of 11 percent this year. Mulberry issues profit warning (Drapers) According to Mulberry, its profits for this year will fall short comapred to last year. Elle Magazine Gets Into The Avatar-Apparel Business (WSJ) Elle has recently "launched an apparel line for virtual world avatars." Consumers Shift to Lower-Priced Stores (WSJ) This holiday season, more Americans are shopping at lower-priced stores. Retailers hurt by prospect of leftover Christmas stock (FT) Many retailers have entered the Holiday selling season with a lot of merchandise in stock which could significantly hurt their profitability down the road. Photo courtesy of Zara.

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