Gucci Group shake-up explained, Dior’s new chapter, Paris round up, Hermès profit jumps, Gaga to the rescue

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

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Zara chief bows out, Aspirationals still key, PPR E-commerce push, Fast Retailing slows, Lucky Holley

Amancio Ortega | Source: Elmundo

End of the line for Zara tsar (Independent) “Amancio Ortega, the wealthiest man in Spain and perhaps one of the world’s most reclusive moguls, has tiptoed into the spotlight this week by announcing his imminent retirement from the fast-fashion giant Inditex… which he founded with a single store in La Coruna 35 years ago.” Who’s Buying All That Luxury? Not the Rich (WSJ) “Luxury is soaring again…

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Murky outlook, PPR beats estimates, Chanel’s US recovery, M-commerce grows at Rue La La, Theyskens and Rosen Q&A

Bottega Veneta Tech Toys | Source: Bottega Veneta

Luxury market faces spending drought through 2020 (Luxury Daily) “The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020.” PPR Third-Quarter Sales Beat Estimates (Bloomberg) “Each of PPR’s luxury brands increased sales at least 10

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Model comeback, American Apparel stock plunges, PPR profit leaps, Bulgari’s modest gain, Buranis arrested

Zimmerman and Jovanovic for Gucci A/W 2010 | Source: Fashion and Runway

Why fashion has fallen out of love with its A-list clotheshorses (Independent) “This time around, the women chosen… are united by their anonymity outside of [fashion]… prompting many insiders to wonder: is fashion’s long-running love affair with celebrity finally over?” American Apparel Shares Plunge as Auditor Steps Aside (WSJ) “American Apparel shares plunged as much as 25% Thursday after the

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In Ethical Fashion, Desirability is Sustainability

NEW YORK, United States — Over the past ten years, the eco-fashion movement has been gathering steam. Following the lead of pioneering brands like Stella McCartney and NOIR, which were founded on the basis of ethical principles near the turn of the millennium, there are now entire fashion exhibitions, forums and blogs all focused on so-called sustainable fashion. Ethical fashion is also high on the agenda of the major luxury goods

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PPR’s growth stategy, Hugo Boss recovers, Ittierre refinancing, Survival of the finest, Singapore Fashion Festival

Helly Hansen Hiking Gear | Source: Helly Hansen

PPR’s retail recovery could speed up sale process (Reuters) “A shopping revival should help French group PPR more easily dispose of its retail units and fulfill its long-held ambition of refocusing on the luxury and outdoor sectors…One attractive target for PPR could be the Norwegian outdoor clothing brand Helly Hansen, owned by Swedish private equity firm Altor since 2006.” Hugo Boss looks forward to growth

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Saving the garment district, Dubious pricing, PPR returns to growth, Zegna Q1 sales up, McQueen investigation closed

Needle and Thread Still Have a Home (NY Times) “How is the garment district like a coral reef? A coral reef, as Animal Planet instructs us, shelters diverse species of sponges, snakes, clownfish and barracudas. So does the garment district.” Why Does This Pair of Pants Cost $550? (NY Times) “Even in a season when designers made no secret about reining in prices… it is still possible to walk into a store and

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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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