BoF compiles the most important professional moves of the week.
Eugene Rabkin reports from the celebrations held to mark the 350th anniversary of Antwerp’s Royal Academy of Fine Arts and the 50th anniversary of its storied fashion department.
Today, BoF founder and editor-in-chief Imran Amed kicks off Right Brain, Left Brain, a new column on his observations at the intersection of business, creativity, and the global fashion industry. LONDON, United Kingdom — In 2006, when I first started exploring the fashion industry, there was one book that became my bible. It wasn’t a book about the fashion business. It was a book called Sample, published by Phaidon, which showcased
Gucci wins $4.66 million, ban on Guess knock-offs (Reuters) “A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury goods company.” Hermès tells a playful tale of leather (IHT) “Every invention by Hermès, the French leather goods company, seems to have a
Olivier Theyskens On Creativity & Commerce (Forbes) “Olivier Theyskens’ career is one for the books. The kind they teach you in fashion school about talent and creativity and its flip side, business and commerce. Olivier Theyskens 100: Fashion visionary. Olivier Theyskens 101:A business cautionary tale. His career is a minefield of lessons.” Victoria Beckham’s fashion line on track to make £60m (Telegraph)
Theory’s Designer Shapes a New Future (IHT) “Mr. Rosen was asked whether the seemingly sudden decision to hand over creative control of Theory to the young designer was a risky move. ‘To me, it’s not a risk,’ he said. ‘I know Olivier, and I know his understanding of Theory. I think it’s a great opportunity. I didn’t need a reaction from the consumer on Theyskens’ Theory. It’s amazing clothes that will
Luxury market faces spending drought through 2020 (Luxury Daily) “The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020.” PPR Third-Quarter Sales Beat Estimates (Bloomberg) “Each of PPR’s luxury brands increased sales at least 10
Olivier Theyskens Is Theory’s New Artistic Director (The Cut) “Theyskens previously signed a deal to design the Theyskens Theory label for the brand, which debuts for spring 2011, but will take over design for the entire label as artistic director beginning with the fall 2011 season.” French regulator to examine LVMH swoop on Hermes (Reuters) “French luxury goods company LVMH’s surprise acquisition of 17.1
PARIS, FRANCE — Olivier Theyskens caused a veritable fashionista frenzy in New York earlier this month when he launched a capsule collection for American contemporary brand Theory, which is known for its accessible prices and well-fitting trousers, but not necessarily for its fashion aesthetic or production quality. It was a surprise move for Mr. Theyskens, a designer who has been criticised in the past as being out of touch with
Jil Sander Bathes in the Glow of Uniqlo (NY Times) “This sensitive yet strong woman, trained as a textile expert, created a fashion house… and listed her company on the Frankfurt stock exchange… The fact that she walked out twice on Prada… is part of 21st-century fashion legend.” Taking the High Cost Out of Haute Couture (IHT) “In the spirit of the Jil Sander/Uniqlo collaboration — but at a
Sarah Burton confirmed as Creative Director at Alexander McQueen (Telegraph) “A statement from Alexander McQueen and its ‘parent’ company, Gucci Group, announced that Burton will supervise the creative direction and development of all collections of the brand going forwards.” New Designer at Hermès (NY Times) “After seven years, Jean Paul Gaultier is giving up his ready-to-wear duties at Hermès and will be
Revamping Richemont’s Wardrobe Search The Source (WSJ) “A logical alternative to Prada, which has denied reports about selling a stake [to Richemont], would be Ferragamo, which has been mulling an IPO for a couple of years. The Italian company offers an opportunity for diversification–with a portfolio ranging from footwear and clothes to perfumes and accessories it could complement Richemont’s strengths.” MOF rules out