The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
In what has become a bi-annual BoF tradition, editor-in-chief Imran Amed looks back at the fashion season that’s just come to a close.
PPR Signs Letter of Intent With Yoox for Online Luxury Venture (Bloomberg) “PPR signed a non-binding letter of intent with Yoox SpA, an Italian online fashion retailer, to set up an e-commerce venture for PPR’s luxury brands. PPR plans to have more than 1 billion euros ($1.25 billion) of sales online by 2020.” Fashion house Versace may seek outside investors (Reuters) “Italian family-owned fashion house Versace may seek
Facebook buys Instagram: inflating the new tech bubble? (Telegraph) “Instagram has a significant user base in its own right, of around 30 million registered smartphone owners who have been promised the favourite photo app will retain its own identitiy. But with no particularly unique technology, the cash and stock Mark Zuckerberg will lay down for the firm is eye-popping.” Carine Roitfeld’s Initial Foray (WWD)
NEW YORK, United States — On Tuesday evening, fashion creatives, executives, and entrepreneurs from all over the world joined me and the BoF team to celebrate our 5th Anniversary with a birthday bash at the Hotel Americano, co-hosted by Phillip Lim and Julie Gilhart. To be surrounded by so many of our friends and supporters who have helped BoF become what it is today was a very special occasion indeed. So, to mark this important
Asian Designers Make an Impact in Paris (IHT) “Asian designers, whether home based or in the fashion diaspora, are making an impact in the opening days of the Paris men’s 2012 season. Phillip Lim, the Cambodian-American designer based in New York, was smart to come to Paris to show a 3.1 Phillip Lim collection that was simple but laced with the conceptual.” European Luxury-Goods Stocks May Benefit From Weaker Currencies
NEW YORK, United States — “I always believed in making clothes with affordable prices,” said Phillip Lim, one of the many young designers to have emerged in New York over the past few years. But unlike his peers, when Lim launched his label back in the autumn of 2005, he made a conscious decision not to compete in the high-end designer category. Instead, Lim’s vision was to offer his customers beautifully made, well-designed
As the big three U.S. automakers await to hear their fate on a requested bailout from the U.S. government and Citigroup teeters on the verge of bankruptcy, it now seems that the fall of Lehman Brothers, Bear Stearns and other corporate casualities was just the beginning of what is likely to be a global economic meltdown of epic proportions. With this as the backdrop, a reader recently wrote in to ask about the prospects for aspiring job seekers in the fashion industry more generally. Others have been wondering how some of the emerging businesses that have come to the fore in recent years are faring. The short answer to both questions is that things are extremely tough out there,…
Yesterday at Phillip Lim I heard a videographer complaining "There's no one here, and whenever someone does show up, they bring them out at the last minute so I can't shoot them." Many fashion brands may have been built on the dreams created by out-of-this world haute couture collections, but today, for many brands, this desire is built on the image of celebrity, which can arguably reach more people than the Haute Couture shows ever will. Celebrity is the new Haute Couture. Or, better said, celebrity now plays the dream-weaving and marketing role that Haute Couture has played in the past. However, in a week when the front rows were supposed to be dripping with celebrities, the paparazzi at New…
In the heart of New York's garment district in the same building on 39th Street, two of the city's most exciting young talents have been busy putting together the collections that they unveiled on Sunday. And, what a great showing for both Peter Som and Phillip Lim, who both delivered what their many fans were expecting...and more. Peter, of course, has just sold a significant stake of his business to retail private equity house NRDC and has been confirmed as creative director of his alma mater house Bill Blass. This was his finest collection yet and one of the strongest of the entire New York collections, having perfected that fine balance for his clients who move fluidly from uptown socialite…