Chloe Raises the Roof at the Tuileries Tent in Paris | Photo: BoF

LONDON, United Kingdom — It was a fashion season of extreme weather. After the New York Fashion Week schedule was upended, first by an earthquake and then by the State of Emergency declaration that came courtesy of Hurricane Irene, an unprecedented heat wave in Paris threw buyers, editors and bloggers into a wardrobe tailspin.

The American editors were worst off, having packed for the European shows two weeks before Paris with no prior notice of the heat wave that was to come. After a few days of shows in impossibly hot venues, some of them resorted to ripping the sleeves off their outfits or just wearing their ‘airplane clothes.’

Brands tried to ease the pain. Fans were distributed at shows alongside champagne and much to everyone’s relief, Chloe arranged for the roof of the Tuileries tent to be removed for their show, letting in the sun and much welcome breeze. Meanwhile Net-a-Porter, always on top of a new market opportunity, delivered heat wave friendly clothes to editors caught without weather-appropriate attire.

But of course the real action was on the runway and in conversations between BoF and the good and the great of the global fashion tribe at a season filled with its fair share of events and parties.

Without further ado, it’s time to look back at Spring/Summer 2012, the season that was.

1. FASHION’S ENDLESS PLAYGROUND

Louis Vuitton Carrousel | Photo: BoF

At the opening of Marc Jacobs’ stunning show for Louis Vuitton on the last day of Paris Fashion Week, a large circular curtain was lifted to unveil models in dresses as light as feathers, perched coquettishly on white horses that sat atop a highly stylised carrousel. Those assembled gasped with audible pleasure and then erupted into spontaneous applause. But more than a visual delight alone, Mr. Jacobs’ magical set was a clear metaphor for an industry in constant motion, with its endless cycle of fashion shows, not to mention the musical chairs of creative directors moving from house to house.

This was the defining moment of the Spring/Summer 2012 collections, a season during which rumours continued to engulf Mr. Jacobs and other designers at the helm of major fashion houses, including Stefano Pilati, who seems safe — for now.

For others, the news was not so good. Immediately following the Vionnet show, it was announced that Rodolfo Paglialunga had been replaced. And just before Paris Fashion Week, Ungaro announced that the house and Giles Deacon had mutually agreed to part ways. Deacon was Ungaro’s fifth creative director in as many years and The Wall Street Journal reported at the end of September that Ungaro chief executive Jeffry Aronsson believes that “in-house talent can mine Ungaro’s heritage—bright colours, silk prints and sexy draped dresses—better than a high-profile designer from outside.”

But while some brands were severing ties with their creative directors, others were debuting new ones. Olivier Rousteing took the bow at the end of the Balmain show. There were also debuts from former Pringle designer Claire Waight Keller at Chloe and Manish Arora at Paco Rabanne — and, of course, the torrent of industry speculation about Galliano’s soon-to-be-announced replacement at Christian Dior.

2. BUZZ, EDGE AND SPORT COUTURE IN NEW YORK

Altuzarra prints and backpack detail | Photo: BoF

But fashion month begins in New York, which boasts more than 250 shows in a span of eight days, making it by far the busiest and buzziest fashion week of all. As one editor put it to me, “In New York we are great at picking up the leaves and throwing them up in the air and saying, ’It’s Fashion Week!’”

The unofficial kick-off for the Spring/Summer collections happens a couple of days into NY fashion week, with Fashion’s Night Out. Spearheaded by American Vogue, with individual events in almost every retail establishment across the city, it is a format that has been exported around the world. But though it has become a global phenomenon, the return on investment for brands and retailers remains in question. Most designers and retailers said it simply wasn’t worth the expenditure of time and resources, especially at one of the busiest moments in the fashion calendar. Barneys effectively sat this round out, eschewing the kind of elaborate in-store entertainment favoured by other retailers and issuing a statement that they were refocusing all efforts “on the shopping experience” and would donate ten percent of their Fashion’s Night Out sales to a fund for the National September 11 Memorial and Museum.

And with that, the New York shows were on and we entered a weekend of vibrant prints, inspired by places all around the world. It was a colourful vibe that New York designers seemed to have caught from London. But they gave it their own unique, New York spin with mesh fabrics and athletic details, making “sport couture” the buzzword on the lips of editors and buyers everywhere, from Joseph Altuzarra and Rag & Bone, to Alexander Wang, who has made athletic-inspired fashion part of his brand’s identity.

The week’s highlights came from power design duos Proenza Schouler and Rodarte, whose shows are now, deservedly, two of the most anticipated shows of New York Fashion Week. And both Jason Wu and Prabal Gurung took edgy steps forward from the red carpet and ladylike fare of their previous collections. These are some of the names amongst a healthy crop of promising young designers working in New York at the moment, pushing the boundaries of American fashion.

3. LONDON’S SHINING MOMENT

Giles Deacon swan hat, by Stephen Jones | Photo: BoF

It’s a shame that conflict over the global fashion calendar is putting London Fashion Week under threat just as the event really seems to be hitting its stride. This season, fashion stars in London shone brighter than ever, benefitting from the pulsating creativity of designers and digital print artists, who are largely based in the East London neighbourhoods of Hackney, Shoreditch and Dalston.

Of course, previous generations of young London designers were also praised for their creativity, but they were never able to translate this into commercial success. Garments were of poor quality and deliveries were often late. But that seems to be changing now. Indeed, Natalie Massenet, founder of Net-a-Porter told the Financial Times that “if people have been paying attention, they will see there is a new crop of extraordinary talent, which is young and dynamic and have learnt commercialism is not a dirty word.”

Bergdorf Goodman’s Linda Fargo told Suzy Menkes that although she was primarily in town to see Burberry and Tom Ford, it was the young talents who really excited her. “My camera is going and my notepad’s flying,” she said. “Between the prints and the quality, I am blown away.”

Not really ‘emerging’ designers anymore, Christopher Kane, Peter Pilotto, Jonathan Saunders, Giles Deacon and Erdem Moralioglu all put on very strong shows. Mary Katrantzou and Michael van der Ham both pushed their signature techniques forward. And the two new names in London that everyone was watching were JW Anderson (who put on both mens and womens shows within a span of five days) and Thomas Tait, a name familiar to long time readers of BoF. Cathy Horyn of The New York Times said Tait’s clothes were “imaginative and inspiring” — high praise from one of fashion’s most respected critics.

But will London’s recent successes be hijacked by the current scheduling complications? And if a sensible resolution isn’t found, will editors really choose to see independent designers in London over major advertisers in Milan? Watch this space.

4. THE RISE OF FASHION DIPLOMACY

Tods Light Installation at Italian Ambassador's residence in Paris | Photo: BoF

With all the bickering and back-and-forth between the fashion capitals, it somehow seems appropriate that national ambassadors, much better versed in the ins and outs of international diplomacy, are using their muscle to support young designers, senior editors, and famous national brands.

In Paris, the Italian ambassador invited the fashion glitterati to a special event for Tod’s, at which Chairman Diego Della Valle was present, to celebrate the launch of the brand’s Signature collection. Sir Peter Westmacott, the British ambassador to France, along with the prime minister’s wife Samantha Cameron, continued to show their support for London-based designers — Nicholas Kirkwood, Erdem Moralioglu, Roland Mouret, Antonio Berardi, Jonathan Saunders and Katie Hillier, to name a few — with a lavish event at the ambassador’s residence. And, Glenda Bailey was hosted by the American ambassador to France for a celebration of her book commemorating her ten year tenure at Harpers Bazaar USA.

5. MOUZAT AND MENKES GO VIRAL

Mark Holgate and Anna Wintour of American Vogue at Burberry Spring/Summer 2012 show | Photo: BoF

Fashion editors from two important newspapers flexed their editorial muscle this season, creating ripples throughout the fashion industry.

The season’s first viral moment came courtesy of Virginie Mouzat, fashion editor of Le Figaro, one of France’s most respected daily newspapers. Though her name is not widely known outside elite fashion circles, Mouzat’s scathing critique of Tom Ford’s private London presentation had everyone talking, even if only a select few were there to witness what Mouzat described as “a nightmare.”

When an English translation of Mouzat’s article was emailed from the American Vogue office in Paris to its senior editors in London and New York, it wasn’t long before the email was circulating throughout the global Conde Nast empire and, indeed, throughout the industry. Incredible chains of emails — from one front row name to the next, from one senior magazine editor to another, from one global brand executive to his colleagues — was a lesson in how closely tied this industry really is. Ms. Mouzat had clearly struck a chord amongst the fashion establishment, for whom email, not Twitter, is still the most powerful viral tool.

Suzy Menkes, fashion editor of the IHT, set off her own viral frenzy, this time on Twitter, with the assistance of her colleague Jessica Michault. In her review of Raf Simons’ collection for Jil Sander in Milan, Ms. Menkes suggested that Mr. Simons was in talks to take over from Stefano Pilati at Yves Saint Laurent. When Michault tweeted the breaking news, which coincided with the Aquilano Rimondi show in Milan, attendees were reportedly glued to their iPhones and Blackberries, while debate quickly broke out across the social web about whether Suzy Menkes was actually saying Simons was going to YSL.

The next day, Yves Saint Laurent quelled the rumours in an official statement, which while firm, still seems to leave open the possibility that Mr. Simons, or someone else, could indeed design for YSLin the not-too-distant future. Will Suzy Menkes still be proven right? Time will tell.

6. PRE-TAIL GAINS MOMENTUM, BUT FACES OPERATIONAL ROADBLOCKS

Edgy Glamour at Jason Wu Spring/Summer 2012 | Photo: BoF

When Aslaug Magnusdottir and Lauren Santo Domingo launched their “pre-tail” start-up Moda Operandi (MO) last season, they must have known that the model would generate copycats, just as Gilt Groupe (itself inspired by Vente Privee) and Groupon were copied by hundreds of other similar businesses.

But as it turns out, Moda Operandi’s fast followers have not been other startups. Rather, it’s major media and retail brands who got into the pre-ordering game this season. Online industry bible Style.com debuted an “Instant Get” program for one-off products from six New York-based designers and venerable New York luxury retailer Bergdorf Goodman partnered with Jason Wu to offer pre-orders on selected items from his Spring/Summer 2012 collection. Sister company Neiman Marcus posted an exclusive pre-ordering opportunity for Donna Karan’s Spring 2012 collection, along with an interview between fashion director Ken Downing and Ms. Karan herself.

But fresh with a $10 million capital injection from New Enterprise Associates, a venture capital firm, the MO team had big plans of their own, announcing a partnership with Vogue.com just in time for fashion week, which directly linked the latest runway images to MO’s pre-order platform.

“We’ve experienced a steady rate of growth since our launch in February,” said Ms. Magnusdottir at the end of New York Fashion Week, “but the collaboration with Vogue has accelerated the rate of growth of both member acquisition and sales.” Indeed, Magnusdottir said that membership is expected to grow from 15,000 just after launch, a customer base built primarily on the personal networks of the founders, to an expected 100,000 members by the end of the year, driven by affiliations with Vogue.com and GOOP, the online media brand of Gwyneth Paltrow.

But despite the clear momentum, the model still faces a major roadblock that is out of the control of pre-tail players like MO: inefficiency in the fashion supply chain. As it stands, consumers still have to wait four to five months to receive most pre-ordered products. If pre-ordering is really going to provide instant gratification to consumers who are interested in buying from the runway, brands and retailers will ultimately need to deliver products more quickly than this. Burberry delivers its pre-ordered products within eight weeks, and Style.com’s ‘Instant Get’ products were due to be available within a few days of the 31 October launch.

Indeed, the broad success of the pre-ordering model rests on the ability of designers to compress delivery lead times. In response to this suggestion, Ms. Magnusdottir said she expected that supply chains would eventually be compressed over time, enabling MO to better match demand with product delivery.

Based on this season’s pre-commerce momentum, it can’t be long before other major fashion e-commerce players such as Net-a-Porter and Shopbop get in on the pre-ordering game. If the industry manages to sort out its supply chain issues, better aligning the operations and media cycles by delivering goods closer to the peak of consumer interest, could pre-commerce eventually just become plain old e-commerce?

Imran Amed is founder and editor-in-chief of The Business of Fashion

Steve Jobs | Source: Wired.com

Steve Jobs, 1955 – 2011 (Wired.co.uk)
“The full legacy of Steve Jobs will not be sorted out for a very long time. When employees first talked about Jobs’ “reality distortion field,” it was a pejorative — they were referring to the way that he got you to sign on to a false truth by the force of his conviction and charisma. But at a certain point the view of the world from Steve Jobs’ brain ceased to become distorted. It became an instrument of self-fulfilling prophecy. As product after product emerged from Apple, each one breaking ground and changing our behavior, Steve Job’s reality field actually came into being. And we all live in it.”

A Sea Change in Style (IHT)
“The carousel of horses — and maybe the merry-go-round of the fashion world — twirled through the Louis Vuitton show on Wednesday, as the models stepped off the white horse roundabout, and the audience debated whether this would be the last LV show headed by Marc Jacobs.”

No sombre mood allowed on Paris catwalks (Reuters)
“Ending a month-long marathon of fashion shows which started in New York, fashion critics said the mood on the catwalk was upbeat and relaxed – in contrast with the gloomy media headlines they read in the papers while waiting for the show to begin. ‘I find this spring/summer season to be much lighter and uplifting than the others,’ said Linda Fargo, senior vice-president in charge of fashion at Bergdorf Goodman.”

SuperGroup fires off shock profit warning (Guardian)
“SuperGroup, the company behind the fast-growing Superdry brand, has fired off a shock profit warning after a computer glitch at its warehouse… The shares dropped 25% in morning trading on Wednesday after a misfiring IT system resulted in products being dispatched in small and extra large but not the sizes in between, leading to depleted sales. The company said the upset would wipe up to £9m off this year’s profits.”

Kanye West, Designer (Yawn) (NY Times)
“‘I gave you everything that I had,’ he said, one of his few printable remarks. If that is true, Mr. West faces bigger obstacles in life than credit-card debt. His show was described by those who attended as, at best, a disappointment, and yet the rapper could be found almost everywhere during Paris Fashion Week defending himself.”

Gucci Museo | Source: Oyster Magazine

Gucci Feeds Its Florentine Roots (IHT)
“The museum, housed in a 14th-century building in the Piazza della Signoria, is designed to honor the company’s leather goods legacy and to bring it into the 21st century by juxtaposing the innovation of bamboo-handled bags or luxe sports equipment with modern art… The idea of facing off past with present — under the slogan “forever now” — was the brainchild of Frida Giannini, the creative director of the famous brand.”

Paris fashion week strutting under cloudy economy (Reuters)
“Paris Fashion Week kicked off on Tuesday under a cloud of economic pessimism mixed with uncertainty about the creative direction of some of the world’s biggest fashion brands… After New York, London and Milan, Paris closes the season of presentations for next spring and summer with nine days of shows at which designers will be fighting for buyers and media attention amid worries about a possible economic slowdown.”

Cavalli Chief Sees Luxury-Goods Slowdown (Bloomberg)
“Luxury-goods companies should brace for weaker growth in 2012 asEurope’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, chief executive officer for designerRoberto Cavalli… ‘The luxury sector is not immune,’ CA Cheuvreux analysts including Pierre Lamelin, wrote in a note this month. They estimate that so-called organic sales growth across the industry will slow to 9 percent in 2012 from 15 percent in 2011.”

Hearst Passes 300,000 Monthly Digital Subscribers, Takes a Bow (All Things Digital)
“Hearst, which is about to sell its digital magazines via Amazon’s new tablet, wants the world to know it’s selling its digital magazines on plenty of other gadgets, too: The publisher says it is now racking up more than 300,000 paid digital downloads per month.”

20 Q&As: Gareth Pugh (Dazed Digital)
“In 1991, Gareth Pugh and Katie Shillingford were ten years old. They’re a bit older now – one is a successful fashion designer, and the other works as his stylist and senior fashion editor of Dazed. Graduating from Central Saint Martins in 2003, Dazed was the first to celebrate his work, featuring the red and white balloons from his BA collection on the cover in April 2004… Shillingford talks to her friend about life in 1991, and how the past 20 years have shaped their worlds.”

Bonnie Brooks by Norman Wong | Source: Montecristo Magazine

Room for Change (Montecristo)
“This encapsulates much of what has been transpiring at the Bay stores across Canada the last few years, a signal that Canada’s iconic department store is entering a new era. It follows the sale of the Hudson’s Bay Company to Richard Baker of the U.S. retail chain Lord and Taylorin 2008, and his appointment of Ms. Brooks to the leadership position at the Bay. Her assignment is to breathe new life into the company; founded in 1670, it is the oldest existing in the world.”

Letting the Light Shine Through (IHT)
“As hazy, or even dark, as the future might appear for the stock markets or in the international news, in fashion, at least, designers are letting the light shine through. ’Nacre at night time,’ said Giorgio Armani referring to the French word for mother of pearl, the gleaming natural underwater treasure that was the inspiration of a show that started with a projection of waves and ended with an image of moon on water.”

Specifications for the way we live now (FT)
“Ms Facchinetti, 39, has teamed up with Pinko, an Italian fast fashion/low luxury brand, to create Uniqueness, a brand predicated on the idea of affordable clothes that can be worn at any time, in any season, and that will be available online as they appear on the catwalk… She is part of a generation of talented and critically acclaimed designers, including Jil Sander and Olivier Theyskens, who fell foul of corporate politics in renowned fashion houses.”

How Street Style Changed the Frontier of Fashion Photography (The Cut)
“Tomasi Hill is a member of a new, elite class of fashion celebrities whose pictures (and shoes and bags and outfits) are fanatically snapped outside of fashion shows and events by street style photographers… These photographs, seemingly casual and snapped on the fly, now appear regularly on retail websites, blogs, and in ad campaigns and print magazines to demonstrate how “normal” people incorporate certain looks into their everyday outfits.”

Paris goes Gaga as international crowd gears up for new collections (Independent)
“At Thierry Mugler tomorrow night, creative director Nicola Formichetti will be showing a short film courtesy of superstar photographer duo Inez van Lamsweerde and Vinoodh Matadin, with his friend and collaborator Lady Gaga in the star role and releasing a new soundtrack… Paris is anything but parochial.”

Grace Coddington | Source: DKNY Times

Grace Coddington: Creative Indeed (Intelligent Life)
“Grace Coddington, the creative director of American Vogue, who turns 70 in April, has been a quietly revolutionary presence in the fashion world—first as a model, then as an editor—for half a century. But only since the release of the film “The September Issue” in 2009 has she been recognised in public—greeted by strangers who witnessed some of her creative battles and now see her as a reassuringly human face of fashion.”

Consumers: We want Gucci or Target. Forget the Gap (CNN Money)
“‘They are more high and low in the way that they are spending… High-end brands are holding ground among consumers, while spending at value oriented stores has also been pretty stable. It’s a tough place for mid-tier right now,’… referring to retailers like the Gap, Chico’s and Ann Taylor.”

How the Luxury Industry is Using the iPad (Luxury Society)
“Brands began developing applications to showcase collections and product ranges, and to communicate brand values and heritage. Gucci and Stella McCartney took the next step and released applications full of bespoke content: interviews with designers, creative directors, city guides, music recommendations… designed to fully engage the new digitally-driven consumer.”

Exit Paris, Winking (NY Times)
“My guess is it was a clever provocation. Mr. Jacobs would hardly be the first designer to have watched ‘The Night Porter’ or to allude to the obsessive and ultimately objectifying nature of high fashion. But he made no attempt to back away from this imagery in the wake of the Galliano scandal.”

Yohji Yamamoto’s London Moment (WWD)
“Thirty years after Yohji Yamamoto first presented his collection in Paris, the designer is having a moment in London… Yamamoto’s first solo exhibition in the U.K. will open at the Victoria and Albert Museum, along with two smaller shows dedicated to his work at the Wapping Project and the Wapping Project Bankside galleries in South London.”

Louis Vuitton Autumn/Winter 2011 Details | Source: Style.com

Louis Vuitton in Full Fetish (IHT)
“‘Fetish’ was the subject for the designer Marc Jacobs, an inspiration that he said backstage came from thinking about the ‘irrational desire’ for Vuitton accessories. They included strokeable fur purses and a new ‘lock-it’ bag, to provide privacy for a woman and her fetish object… there has not been such a racy and saucy LV runway since Mr. Jacobs sent out nurses’ uniforms [back in 2007].”

The Americanization of the Rue St.-Honoré (NY Times)
“Muffy and Binky are advancing on Paris. Their parents, Mr. and Mrs. Hilfiger, are in the Woodie bringing up the rear. To the list of unmistakably American brands that in recent years have established beachheads on the Rue St.-Honoré, the main drag of Parisian chic, Michael Kors has now added his name.”

How Luxury Brands Can Benefit From Musical Partnerships (Adrants)
“These arrangements… can offer significant mutual benefit. For marketers, it provides an opportunity to create an overall brand lifestyle experience for their target audience that captures their attention, cuts through the clutter and garners an emotional connection that permeates the consumer psyche beyond the ‘buy now’ response.”

Sellers of fake luxury goods face millions in damages (Vancouver Sun)
“It’s being described as the largest case of knock-off luxury goods being sold in Canadian history, and the individuals involved are potentially facing more than $2 million in fines and damages…. The damages are being sought by lawyers representing Louis Vuitton Canada Inc. and Burberry Canada Inc.”

‘Fashion has to change’: Julia Restoin-Roitfeld interview (Telegraph)
“At 30, Roitfeld is almost ancient in modelling years and blessed with the sort of womanly curves that too rarely make it on to the catwalk. Her demeanour is soft, almost demure, but when she talks about fashion and diversity she steps up a gear into stridency. ‘Fashion hasn’t changed enough yet. There’s too much a stereotype of beauty.’”

L-R Alexander McQueen, Chanel Autumn/Winter 2011 | Source: Style.com

Chanel provides the fire, McQueen the ice (Independent)
“The mood in fashion is changing. The sight of a waif-like female stepping out in a heavily embellished, barely-there cocktail dress now seems dated. Lagerfeld’s status as the last of the great, traditionally trained couturiers is undisputed. He is also enough of a modernist, however, to respond to the zeitgeist and his reaction made for impressive viewing.”

Leather Costs Hit by Supply Squeeze (WSJ)
“European luxury-goods companies are bracing for higher hide prices as a rebound in high-end consumption and a swelling middle class in China drive up demand for leather as well as more-exotic skins. U.S. federal data show cattle-hide prices are at their highest level in nearly a decade.”

Bulgari CEO Trapani Says Independent Jewelers Will Struggle (Bloomberg)
“LVMH and large luxury competitors will increasingly dominate the industry as scale and global reach becomes more important, said Bulgari Chief Executive Officer Francesco Trapani. ‘More and more, I think the big groups will be the protagonists of the luxury business,’ said Trapani, who this week announced plans to sell Bulgari to LVMH.D&”

Dolce to Fold D&G Brand Into Main Label (WSJ)
“Italian fashion brand Dolce & Gabbana is planning to fold its secondary D&G brand into the main label… in an effort to limit cannibalization between the two lines. The D&G label will disappear, but the Dolce & Gabbana line will extend its price range to carry lower-priced clothing in addition to its more expensive, tailored collection.”

After the Pressure, the Smoke (NY Times)
“Each day in the Tuileries hundreds of people wait along a carpeted path to see the fashion people arrive for a show… The carpet begins at the Place de la Concorde, so it’s an extremely long walk of shame. There are more people waiting than ever, about 500 or 600, with cameras and microphones, and you can’t believe what they ask.”

Stefano Pilati | Source: Fashion Squad

Balanced on Fashion’s Wobbly Pedestal (NY Times)
“In total, Mr. Pilati has been a designer for nearly 30 years, during which time he has had highs and lows, wrestled with drug abuse, and constantly questioned his place in fashion and whether the pressures are worth it.’I have worked and worked and worked hard again… I have been a monk here.’”

It’s Hard to Be Sexy (NY Times)
“Of course, all this is a big fat cliché; women, including Ms. McCartney, are much more complex than that. But it was interesting for Ms. McCartney, who isn’t known for straying far from her brand comfort zone, to take these sexual identities to such extremes. As a trying three-week run of shows winds down, you realize how difficult it is for designers to make new statements with sexy clothes.”

Cut from a different cloth (FT)
“There are, at most, just 300 Intha people who know how to harvest the wild lotus flower stems… About 200 others know how to extract the filaments and process these to skeins, which must be done within 24 hours of picking to prevent deterioration. When Loro Piana first came to Burma… he guaranteed to purchase all the fabric.”

Prada Shuns Milan for Hong Kong Signals Economic Shift (Bloomberg)
“Losing Prada highlights the struggles facing Borsa Italiana to gain new listings, said investor… The Italian exchange lost half its value in the past three years amid a dearth of IPOs and the drop in stock prices since 2007… ‘The Borsa’s troubles mirror sluggish economic growth and an exchange that isn’t as visible as others on a global scale… Companies that have a global market are looking elsewhere for success.’”

Nuturing by a Style ‘Angel’ (IHT)
“One woman in particular was overwhelmed with emotion at the Ackermann show: Anne Chapelle, the Belgian investor who believed in the designer and supported him, just as she has Ann Demeulemeester and has brought the Josephus Thimister brand back to life. Ms. Chapelle’s approach to designers is different from the big-bucks, big-brand style…. ‘My designers have to have their feet on the ground.’”

Bulgari Between Eternity and History | Source: Bulgari

LVMH to take over Bulgari in 3.7 billion-euro deal (Reuters)
“French luxury group LVMH will take over Italy’s Bulgari in an 3.7 billion-euro all-share deal… Bulgari, established in 1884, agreed to the takeover ‘in order to reinforce, in accordance with its history, values, craftmanship and identity, the long-term development of the Bulgari Group,’ it said. Under the deal, the Bulgari family will become the second-biggest family shareholder in LVMH.”

Off the Catwalk, the Battle for Hermès (NY Times)
‘Mr. Arnault says he will not interfere with Hermès’s management or traditions. ‘We are a totally peaceful investor,’ he said in the interview last week. ‘But as a leader in the best quality products in the world, we believe we can bring a certain savoir-faire to improve the functioning of their business.’”

Gaming Offers a Big Jackpot, if Labels Can Figure Out How to Play (NY Times)
“Gaming has become a prime topic of conversation around luxury fashion brands. And while no one yet has determined how to successfully redirect much of this video play, a number of sites are using elements like point scoring, scavenger hunts and clock countdowns to engage, entertain and, hopefully, ultimately build loyalty.”

A Good Time to Be a Realist (NY Times)
“Plain tops and slim skirts turned out in wood-grain prints at Céline seemed a bid by Phoebe Philo to take fashion further into the woodwork. Make it disappear. There are probably a lot of people who think it’s high time that it did.”

Fashion: Creative destruction (FT)
“[Tom Ford relaunched] with only two collections a year shown to small groups… ‘I had got so caught up in being successful and making money…  I had become so isolated.’… [Similarly Hussein Chalayan] keeps his presentations small. ‘Being in those houses is like running on a diamond-plated hamster wheel: you have to go faster and faster and faster, and chances are still very high you will fall off.’”

Gucci Spring/Summer 2011 Campaign | Source: Fashion Fame

The reasons behind the major shake up at Gucci Group (CPP Luxury)
“International media as well as major luxury players have been taken by surprise this week by several major changes within PPR/Gucci Group and it seems this is just the beginning…. Francois Henri Pinault has radically changed management… responding fast to market conditions.”

Dropping Galliano lets Dior open new chapter (Reuters)
“Behind the scenes, Dior is telling industry watchers it is glad Galliano is gone, as it wanted to move away from his theatrical style and embrace a more subtle and refined elegance to better reflects post-economic crisis society. ‘This could be a driver for positive change, which is what Dior itself was looking for.’”

Balenciaga for Today (IHT)
“Mr. Ghesquière, who had gone punk and downtown last season, faced a difficult task. No longer the catwalk ingénue spicing up a house with a glorious past, he had to prove that he could move ahead within the spirit of the august founder. The designer’s process was via fabric, technique and cut.”

Hermès Annual Profit Jumps, Margins Exceed Forecast (Bloomberg)
“[Hermès] reported a surge in full-year earnings as improved confidence among wealthy customers boosted revenue. Operating profit jumped 44 percent to 668.2 million euros ($933 million)… Sales rose 25 percent to 2.4 billion euros and margins exceeded a forecast that Hermes raised last month.”

Thank goodness for Lady Gaga! (Telegraph)
Thank goodness for Lady Gaga! The bonkers blonde from New York has single-handedly rescued a week that on paper should be one of the high points of the entertainment calendar, but instead was fast becoming a car crash of disappointment… The party felt like a complete damp squib until the platinum blonde vision of Stefani Germanotta [arrived] making her catwalk debut at the Thierry Mugler show.”