PPR begins restructuring, Streaming is the new blogging, Burani steps down, New Luxe, The return of confidence

PPR to take 2-3 years to sell retail businesses (Reuters) “PPR said it could take up to three years to sell its Fnac, Conforama and La Redoute retail businesses, which is part of its strategy to refocus on its luxury, lifestyle and sportswear activities.” Streaming is the new Blogging (Telegraph) “Blogging? It’s so last week. Right now, ‘live’ streaming of catwalk shows is steaming! In fact, it’s

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McQueen brand to continue, PPR profits up, Burberry restructures in Spain, Alexa joy for Mulberry, London’s lights

Alexander McQueen Spring Summer 2010 | Source: style.com

Alexander McQueen label will survive (Times) “Alexander McQueen’s fashion label will live on despite the designer’s apparent suicide last week, it was announced this morning.” PPR full year net profit increases 7 percent (AP) “Retail-to-luxury group PPR SA reported a 7 percent increase in 2009 profits Thursday and said it is launching a sales offensive to boost revenues in fast-growing markets such as

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The Business of Gaga, PPR’s planned acquisition spree, Tailoring art direction, Luxury pricing, Steve J and Yoni P

The Business Of Lady Gaga (Forbes) "In the cacophony of the music business, Gaga has broken through the clutter with muzzle velocity, becoming a superstar in scarcely a year. Her first album, The Fame, is the best-selling debut album of 2009. Her single Just Dance has been viewed 87 million times on YouTube. Gaga's tracks have clocked 20 million downloads this year. One of them, Poker Face, is the most downloaded tune in the history of U.K. digital music." Heir to Gucci Empire Reveals Plan to Double Bet on Fashion (Wall Street Journal) "A 12-person team within PPR has drawn up two lists. The first enumerates a new set of 20 possible industry buyers for the three retail businesses up…

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PPR to focus on fashion, Elusive e-commerce, Gucci Indian JV stalls, Ralph in Greenwich, Personalised luxury

Tiffany's Online Shop | Source: Tiffany & Co.

PPR to sell lower-margin retail units (FT) “PPR, the French retail conglomerate headed by billionaire François-Henri Pinault, plans to dispose of retail businesses that generate 70 per cent of group sales to focus on clothing and accessories brands within its luxury Gucci Group and Puma, the sports wear company.” Online Luxury Retail Remains Elusive (Business Week) “There are still some brands that sell absolutely

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PPR shares rise, River Island soars, Fashion copyright, Vacant shops increase, Coco’s costumes

Gucci A/W 2010

PPR Results Beat Expectations (WSJ) “French luxury-to-retail company PPR SA said first-half net profit fell 76% from a year earlier, when a gain from an asset sale boosted results, but revenue declined less than expected.” River Island’s record year (Retail Week) “Young-fashion powerhouse River Island has defied the market to deliver record sales and profits for the year to the end of December.” Giving

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Armani profits drop, PPR focuses, Puma restructures, Uniqlo thrives, Fashion embraces activism

Armani's 5th Ave. store, courtesy of Armani

Armani profits drop 14% in ‘difficult’ year (FT) “Giorgio Armani, the trend-setting Italian fashion group, reported a 14.6 per cent fall in profits in 2008 in spite of a slight rise in revenues and the opening of 50 new stores, as its owner reflected on a ‘difficult’ year for the industry.” PPR says to focus on cash and cost-cutting (Reuters) “French retail and luxury group PPR on Thursday

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Future of Luxury, PPR declines, Sustainable retail, Mizrahi’s Liz launches, Coach profits drop


The Future of Luxury in a Recession (Atelier) As companies like Coach, Gucci Group and LVMH report their results this week, this video from Atelier, a division of Leo Burnett, highlights some of the cataclysmic changes in consumer behaviour that will drive the luxury of the future. What do you think of their assertions? PPR Says Luxury Sales Remain ‘Sluggish’ (WSJ) “Mass retail and fashion group PPR SA posted a

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Oscars and the economy, PPR sales slow, America’s popular stores, Uniqlo’s founder is Japan’s richest

Oscars Evolve With Economy (WWD) “With the worldwide economy in turmoil, glamour lives in the run-up to Hollywood’s annual Academy Awards extravaganza on Sunday night, but brands are finding ways to save a buck.” (Subscription required) PPR sees fourth quarter sales slow (Drapers) Although PPR, the French conglomerate that owns Gucci, saw revenues rise in 2008, its fourth quarter earnings slowed. America’s

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PPR: Analyst downgrade drives down stock price

PPR, the Paris-based conglomerate, saw its stock price drop after Credit Suisse analyst Tony Shiret downgraded the stock from "outperform" to "neutral" in his analyst report released yesterday. Shiret reduced his target price for PPR stock by 27% from 144 euros to 105 euros and the stock closed at 110.63 euros in Paris, down 4% for the day and the lowest price since January. According to Shiret The group is becoming less, rather than more, strategically focused. We continue to feel uneasy about the widening scope of the business. Shiret noted that as he tried to do forecasts for PPR going forward, he was struck by how many parts there are to the business. In particular, the report singles out…

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Industry chatter: PPR Going after Clarins?

If rumours floating around Paris yesterday are on the ball, then PPR's Francois-Henri Pinault has now got his acquisitive eyes fixed on Clarins. The French cosmetics company saw its stock jump 7.7% on the speculation that PPR would make a bid for company in the coming days, pushing its market capitalisation to more than 2.6b euros. This rumour follows previous speculation that L'Oreal would make a bid for Clarins, after the death of its founder Jacques Courtin-Clarins in March of this year. Acquisition rumours like this are a dime a dozen. But, this one might actually have some legs. An industry insider sitting next to me at last evening's Walpole Awards said that attempts to reach PPR and Clarins to…

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