Trapani’s choices, Entrepreneuring women, Lilly Pulitzer’s true colours, UK Property tax hit, Toronto’s troubles

| Daily Digest

Francesco Trapani photographed by Ko Sasaki | Source: NY Times

Strategic changes at Bulgari – Francesco Trapani (Europa Star) “In a watchmaking landscape that is seeing a shuffling of cards (economic crisis, the announcement by Nicolas Hayek that the Swatch Group is stopping distribution of component parts), what is Bulgari’s strategy?” Two women, two businesses, one £450m British success story (Independent) “One began by selling a few posh frocks in cyberspace. The

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Craftmanship’s demise, Richemont’s prize, Crowdsourcing fashion, Designing for China, McQueen’s final days

| Daily Digest

Céline Spring/Summer 2010 | Source: Céline

Europe laments craftsmen’s demise (FT) “Europe’s luxury goods makers have warned that numbers of skilled craftsmen – prized by dressmakers, perfumiers and watchmakers for their expertise – are dwindling rapidly as suppliers have sourced more production from Asia.” Ready for the next chapter in e-tailing (FT) “E-tailing is no longer a luxury for the luxury industry – it’s a necessity… [Richemont] became the

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Breaking News | Richemont confirms acquisition of Net-a-Porter

| London

Net-a-Porter screenshot | Source: Net-a-Porter

LONDON, United Kingdom — It’s official and finally confirmed. Net-a-Porter, the world’s pioneering and leading luxury ecommerce retailer has been acquired by Richemont, which was already the largest shareholder in Net-a-Porter prior to the announcement of the transaction this morning, valuing the business at a whopping £350m. Natalie Massenet, Net-a-Porter’s Founder and Executive Chairman has long been a friend

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Luxe M&A returns, Richemont and Net-a-Porter link up, Fashion Culture, Nilsson’s 9 lives, Sartorialist knockoff

| Daily Digest

Julianne Moore for Bulgari 2010 | Source: Bulgari

Luxury sector readies for increase in deals (Financial Chronicle) “Merger and acquisition activity in the luxury sector is set to rise after a twoyear hiatus, driven by a recovery in the sector, closer price agreement between buyers and sellers and the weaker euro.” Richemont seeks to buy UK’s Net-a-Porter (Reuters) “Swiss luxury goods maker Richemont is seeking to buy the 67 percent of UK online fashion

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Richemont to buy Net-a-Porter, PVH acquires Hilfiger, Prada’s maltreatment, Liberty bid, GenY luxe life

| Daily Digest

Chloé Jumpsuit on Net-a-porter.com | Source: Net-a-porter

Net-a-Porter is being acquired for up to £350m by Richemont (Telegraph) “The deal, expected to be completed this week, will see founder Natalie Massenet, a former fashion journalist, become at least £50m richer as Richemont acquires the remaining 70pc of the company it doesn’t already own.” Phillips-Van Heusen Acquires Hilfiger for $3 Billion (NY Times) “Phillips-Van Heusen, the clothing conglomerate that

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