DVF as fashion business expert, US copyright laws, Fashion uniforms, Net-a-Porter’s new iPhone app

Diane Von Furstenberg

Tightening Belts? She’s the Expert (New York Times) Stephanie Rosenbloom sits down with Diane Von Furstenberg. Proposed new law sparks rift in US fashion industry (Business World) “A proposed new law that would extend copyright protection to clothing has designers in an uproar and threatens to widen a rift in the American fashion industry.” The chambermaid wears Prada (FT) “Designing uniforms for restaurant

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CEO Talk | Sarah Curran, Founder and CEO, my-wardrobe.com

Sarah Curran, Founder and CEO, my-wardrobe.com | Source: My Wardrobe

LONDON, United Kingdom — The Business of Fashion can exclusively reveal that my-wardrobe.com, the London-based fashion e-tailer positioned at a mid-level pricepoint between Net-a-Porter.com on the high-end and Asos.com on the low-end, has just closed its second round of investment. My-wardrobe continues to grow at a rapid pace, having achieved an extremely healthy 169 percent jump in sales in its third year, growing from £1.56m in

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Fashion E-Commerce | How are your clients changing their shopping habits in the downturn?

  LONDON, United Kingdom — London, of course, is widely known in the fashion world for its unbridled creativity and superb emerging fashion talent. But, increasingly, it could also be described as fashion’s Silicon Valley, with a growing number of innovative fashion ecommerce startups sprouting in the city, following in the footsteps of the ultimate luxury e-tailing pioneer, Net-a-Porter.com. During my visit to Vienna

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Inditex Q1 loss, Net-a-Porter profits treble, Bulgari issues bond, China may escape, Ferraris to Versace

Zara S/S 09 ad campaign, courtesy of Zara

Inditex 1Q Net Pft Down 16%; May Trading Resilient (WSJ) “Inditex SA (ITX.MC), Europe’s largest fashion retailer by revenue, Wednesday said its first quarter net profit fell 16 percent on a slump in consumer spending in Europe, but its stock rallied after it reported resilient clothing sales in May and the first week of June.” Net-a-Porter demonstrates strength of business model as profits treble (FT)

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YSL in the black, Net-a-Porter profits, Wal-Mart reflects harsh economy, Lacroix goes back to basics

[caption id="attachment_2450" align="alignnone" width="501" caption="Stefano Pilati of YSL, courtesy of Wallpaper"][/caption] Black is back at Yves Saint Laurent (Financial Times) After ten years of losses, Yves Saint Laurent breaks even amid the current recession. Net-a-Porter profits rocket (Drapers) Due to improved margins, Net-a-Porter's pre tax profits are up 300 percent to £9 million. Wal-Mart's Profits Attributable to Sad State of Economy (Seeking Alpha) "Wal-Mart is one of the few stalwarts to actually expand business amidst today's financial carnage and the glowing statistics are not to be mistaken for a grandiose harbinger of U.S. economic vitality." Christian Lacroix Heads Back to the Basics (WSJ) As a response to the economic tumult, Lacroix pulled back on his signature exuberance.

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

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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CEO Talk | Natalie Massenet, Chairman and Founder of Net-a-Porter

Natalie Massenet

  LONDON, United Kingdom – When Natalie Massenet talks, people listen. It wasn’t always that way. When Massenet first proposed the idea of selling luxury products online in 1999, she faced more than a few doubters. Nobody doubts her now. Frequently described as one of the most influential women in the fashion business, as Chairman and Founder of NET-A-PORTER, Massenet has built the pre-eminent online luxury

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Luxury Outlook | “You’ve been shopping, we won’t tell”

LONDON, United Kingdom - In the latest sign of just how quickly consumer psychology is changing, Net-a-Porter yesterday sent an email blast to its huge customer database, offering a "discreet packaging service" to offset the conspicuousness and potential guilt associated with shopping in this, the most severe economic crisis in at least a generation. Whereas previously the direct marketing email from the world's pre-eminent online luxury fashion retailer would have been accompanied by a strong, aspirational fashion image, the latest email features whispering women in a 1950's era photograph. The ad, while cleverly recalling the current fashion revival of the one-piece dress, focuses its message instead on the opportunity to continue to shop "and receive items in an unbranded recycled brown…

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Luxury Outlook | Survival of the fittest

PARIS, France - Even as America teeters on the brink of economic armageddon, fashion week has continued on in full force here in Paris. But, between all the comings and goings, the drama and parties, many designers, buyers and editors have had their eyes and ears tuned into what is going on Stateside, trying to make sense of the ever-changing news. So what should luxury retailers and brands do in troubled times like this? The days of unfettered consumption are over. Multi-thousand dollar canvas bags and poorly made clothes with staggering prices which are designed to last only one season will be a tough sell. More than ever, for consumers, every purchase now will involve the price/quality calculation that constitutes value. Consumers…

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Halston | Fast fashion resurrection

It's been a long time since the days of disco, Studio54 and the iconic American fashion brand Halston. But, Net-a-Porter and the new team behind Halston are teaming up to use some very 21st century technology to  bring the brand back to life. Next week, the newly-relaunched Halston will hold its first runway show at the Gagosian Gallery in New York. In a fashion first, two of the featured looks  will be available on Net-a-Porter the very next day for immediate delivery, less than 24 hours after the designs are revealed. Historically, high-fashion collections are shown months before the clothes actually hit the shopfloor. This was fine in the days before the Internet and fast-fashion retailers, but in recent years,…

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Online fashion retail: A party without the cool kids

Every week there are reports of new online fashion retailers, but some of the biggest names in the UK are noticeably absent from the space. Selfridges and Harvey Nichols have essentially no online fashion businesses to speak of, while the venerable Harrods is selling a heavily edited mix of its lower-priced collections, with an emphasis on accessories, knitwear and outerwear only. All of this is even more surprising when you consider that many of the major American department stores, with similarly large profiles, have made heavy (and successful) pushes into the online space. Neiman Marcus, Bergdorf Goodman, Nordstrom, Bloomingdales, and Barney's all have online sites with a large fashion assortment for sale. What's more, many of the world's best known…

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Roland Mouret: Back, hopefully in the black

Roland Mouret, as part of his new partnership with Simon Fuller, is taking to the web to launch his new collection under the newly-founded RM label.  With high-profile behind-the-scenes coverage of the collection's unveiling at Couture Week on Net-a-Porter, we may be seeing the first evidence of Mr. Fuller's influence and experience in having marketed such pop phenoms as the Spice Girls. He may not have fashion experience, but Fuller is a man who knows how to work with creative talent and get front-page attention. What's more, this coverage is actually going to be linked to sales to end customers. In a first for the fashion industry, the small 21 piece collection for Spring Cruise 2008 will be available for…

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Fashion 2.0 | What the Future Holds

About a month ago, I attended the Harvard Business School’s annual Retail and Luxury Goods Conference in Boston. It was an interesting day of speeches and panel discussions, bringing together industry veterans and experts from leading luxury goods and retail companies including Neiman Marcus, Loro Piana, and Holt Renfrew. You can read more about the conference in this news article from HBS’s Harbus Newspaper. I was honoured to

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