BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Twelve talented young designers have been shortlisted for the inaugural LVMH Prize.
LONDON, United Kingdom — LVMH Moët Hennessy Louis Vuitton has taken a majority stake in London-based luxury footwear brand Nicholas Kirkwood. The exact size of the stake and financial terms were not disclosed, though LVMH characterised the deal as a “long-term partnership.”
Céline has become one of the most copied fashion brands on the planet and every critic’s favourite. What’s more, it has sales revenue to support the hype. How long can it can last?
PARIS, France — Last April, a journalist from French daily newspaper Le Figaro asked Frederic Lefebvre, French Secretary of State for Trade, to name his favourite book. His answer: “Without doubt Zadig and Voltaire, it is a lesson in life, I dip into it often.” Mr. Lefebvre was, of course, mixing up Zadig ou la Destinée written by Voltaire in 1748 with Zadig & Voltaire, the fifteen-year-old mid-market French fashion brand. And