PPR buys Qeelin stake, Dover Street Market in NYC, Gilt in 2013, Faith in Brazil, Ostwald Helgason

Tavi Gevinson | Source: Stylelikeu

PPR Aims to Buy More Chinese Brands After Adding Qeelin (BusinessWeek) “PPR bought a majority stake in Chinese jeweler Qeelin for an undisclosed price and said it is looking to make more acquisitions in the Asian nation to bolster growth in its largest market for high-end goods.” Dover Street Market heads to New York (Telegraph) “The store, which was masterminded by Comme des Garçons founder Rei Kawakubo, opened

…Continue Reading

Soaring Prada profits, Mulberry tumbles, PPR sells Redcats unit, Gratuitous ads, Little Gio

Mulberry Autumn/Winter 2012 | Source: Grazia Daily

Prada 9-Months Net Profit Jumps 50% Amid Continued Strong Demand (Dow Jones) “Chief Executive Patrizio Bertelli said Thursday that the company’s business has continued to grow at a rate that has exceeded its expectations in recent months, as the luxury goods purveyor reported a strong rise in nine-month earnings figures amid resilient demand for ultra high-end goods.” Mulberry sees improvements after first-half

…Continue Reading

NAP’s major magazine, Redcats sale, Blogging to fashioning, Wang rumours, Model rights

Redcats screenshot | Source: Redcats

Net-a-Porter CEO: It’s no secret we’re launching a major fashion magazine (Wired) “Online fashion retailer Net-a-Porter is planning to launch a printed magazine within the next 12 months, according to CEO Mark Sebba, speaking at the Business Leaders Network’s Making it Mobile event.” PPR, U.S. private equity firm talk on Redcats: sources (Reuters) “The Redcats mail order unit of French retail and

…Continue Reading

Unexpected star, Pinault upbeat, Deciphering devices, Post-internet lifestyle, McQ Savile Row

Grace Coddington by Greg Kessler | Source: NY Times

Always in Fashion (NY Times) “Of course, Ms. Coddington’s frankness and profanity, as well as her differences from her boss, are precisely what first endeared her to a mass audience three years ago, when she emerged as the unexpected breakout star of R. J. Cutler’s documentary about Vogue, ‘The September Issue.’” PPR CEO upbeat on luxury goods market (USA Today) “As chairman and CEO of luxury empire

…Continue Reading

Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

…Continue Reading

Savvy sisters, Menswear e-tailers, Gucci’s tough trading, Pitti picks, Miyake’s experiments

Ashley and Mary-Kate Olsen by Amy Troost | Source: WSJ Magazine

Sisters of the Divine (WSJ Magazine) “Watching Mary-Kate and Ashley Olsen pose for a photo shoot is like watching a hypnotic piece of performance art. Former child stars, extraordinarily savvy brand nurturers, founders and owners of an estimated $1.5 billion business empire and, now, designers of the critically acclaimed high-end fashion line The Row, the Olsens have spent the great majority of their 26 years either in front

…Continue Reading

Uniqlo.com’s US launch, Coach rebounds, Puma profits slump, Pinault’s POV, Nicola Formichetti

Uniqlo.com screen shot | Source: Uniqlo.com

Uniqlo.com to the Rescue of Middle America (Business Week) “Uniqlo, the Japanese clothes giant, launched an online shopping site in the U.S. this week. This may not seem like important news to many, but to a certain American consumer—think very well-dressed, without much money, and living between the coasts—it is like a food drop from a Marshall Plan plane in 1940s Berlin.” Coach bags an earnings rebound (FT)

…Continue Reading

Week in Review | The Season that Was, Byronesque launches, Acquiring customers, Brazil’s fashion calendar

Week in Review October 8-12

Spring/Summer 2013 | The Season That Was (Intelligence) “Whereas previous fashion seasons were dominated by designer departures, meltdowns and final exits, this season the narrative focused on two of the fashion world’s most celebrated designers, Raf Simons and Hedi Slimane, and their respective ready-to-wear debuts at two of the industry’s most important houses, Christian Dior and Yves Saint Laurent.” Byronesque

…Continue Reading

Redcats sale near, Prada exodus, Consumer confidence in China, Tiger burning, Tim Walker

Puma shipping container store | Source: Gliving

PPR nears sale of Redcats catalogue arm (FT) “PPR is to announce the sale of all or part of its Redcats catalogue business before the end of the month, moving closer to its goal of becoming a pure clothing and accessories company.” Third of Prada managers leave after IPO (FT) “Prada the Italian luxury goods group, lost a third of its top managers in the nine months following its initial public offering last year

…Continue Reading