Murky outlook, PPR beats estimates, Chanel’s US recovery, M-commerce grows at Rue La La, Theyskens and Rosen Q&A

| Daily Digest

Bottega Veneta Tech Toys | Source: Bottega Veneta

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

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Theyskens and Theory, LVMH Hermès investigation, Content and commerce, Puma ups forecast, Leith’s Lula

| Daily Digest

Olivier Theyskens | Source: Frillr

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

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BoF Exclusive | Olivier Theyskens speaks out about his Love of Cats, the Creative Process, and the Role of Drama in his Life

| BoF Exclusive

Oliver Theyskens | Photo: Monika Bielskyte for SOME/THINGS

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

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Jil Sander’s Uniqlo glow, Theyskens in the middle, Overdiversification risks, Versace banks on 2011, CFDA awards

| Daily Digest

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

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Burton takes reins at McQueen, Gaultier exits Hermès, Theyskens for Theory, Vuitton ads banned, Giles talks Ungaro

| Daily Digest

Sarah Burton, Alexander McQueen A/W 2010 | Sources: Telegraph, Style.com

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

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