Mixed luxury recovery, Hermès’ Chinese brand, Milan’s military men, Berlin FW grows, Britain’s best bloggers

Coach Spring Summer 2010 Poppy Collection | Source: Coach

Not quite a luxury resurgence (Marketwatch) “The U.S. economy may be slowly coming out of recession, but it appears we’re still pretty conservative when it comes to buying.” What Hermès’ New Chinese Brand Means for the Luxury Industry (Fashionista) “Three days before Christmas, the savvy folks over at godly luxury company Hermès quietly announced that they would launch a new brand in China called Shang Xia.

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Macy’s announces closures, Prada not for sale, Armani’s first hotel, Thank you Merci, Great Venetia Scott

Macy’s to shut five underperforming stores (Reuters) “Macy’s Inc. said on Tuesday it was closing five of its namesake department stores, affecting about 307 employees, as it pares underperforming locations. Macy’s said it would offer jobs at nearby stores to displaced employees when possible.” Prada: Not for Sale (Business Week) “Prada SpA, the luxury company which has called off four attempts at

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Richemont stake in Prada?, Frugality fatigue, UK’s strong holiday, Vuitton’s savoir-faire, Nicola Formichetti goes Gaga

Prada Autumn/Winter 2009 | Source: Prada

Luxury jewelry maker Richemont eyes Prada stake (New York Post) “Prada is close to a tie-up with Swiss watch and jewelry maker Richemont that could shake up the luxury landscape worldwide, sources told The Post. The Italian fashion house — whose ambitions to expand have been hampered for years by a crippling debt load — is nearing a deal to sell about a third of the cash-strapped label to Richemont.” Luxury

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Rupert helms Richemont, The new front row, Tom Ford’s focus, Prada pushes boundaries, Pratap weaves magic

Johann Rupert, CEO Richemont Group | Source: Connectingwatches

Rupert ready to resume the helm at Richemont (FT) “Johann Rupert said yesterday that he would retake the helm as chief executive of Richemont from April, indicating that the world’s second-largest luxury goods group still expected storms ahead.” Style bloggers take centre stage (FT) “Also on the front row… sits a slender, less familiar figure dressed in grey T-shirt, jewelled necklace and tuxedo

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Hugo Boss down, UK retail fights back, Lulu’s Asian expansion, Prada shortens layoffs, BFC Vogue Fashion Fund

Hugo Menswear | Source: Hugo Boss

Hugo Boss European sales fall 13 percent (Drapers) “Total European sales at Hugo Boss fell 13% to €852m (£766m) over the first nine months of 2009 as the brand and retailer was hit by a turbulent northern European and Spanish trading climate.” M&S and Next fight back while Primark shines (Reuters) “Updates from three of Britain’s biggest clothing retailers should shed a little more light next week on

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Late Night with Anna Wintour, UK Online sales soar, No partner for Prada, The Sartorialist goes old media

Vogue editor Wintour critiques Letterman's socks (AP) "Wintour, making her first appearance on CBS' "Late Show," made light of her image as an imperious and tough boss, but acknowledged that she is direct with her staff. "Well, I'm very decisive and I try and give very clear direction to the people that I'm working with, and sometimes, unfortunately, they don't hear the answer that they would like to hear," Wintour said." Online sales soar during July (Drapers) "Online sales surged to £4.2bn in July as shoppers showed signs of renewed confidence. According to the latest IMRG Capgemini e-Retail Sales Index, July recorded around 15.7% more online sales than June, a 16.8% year-on-year rise." Prada quashes speculation it is seeking a…

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Leibovitz in limbo, Murjani’s move, Condé Nast crackdown, Prada’s transformer, H&M July sales disappoint

Annie Liebovitz, courtesty of Seattle Arts and Lectures

How Could This Happen to Annie Leibovitz? (New York Magazine) Annie Leibovitz’s “debts now total a staggering $24 million, consolidated with one lender with whom she is engaged in a lawsuit and due in September.” Murjanis seen recasting fashion assets in India (Economic Times) “The Murjanis have decided to exit the luxury space and stay focused on the super-premium segment after bearing the brunt of the

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Prada talks to Richemont, Telegraph partners with Net-a-porter, Middle Eastern muse, Lacroix’s story, Roland Mouret

Prada A/W 09 ad campaign, courtesy of Prada

Prada bankers contact Richemont on stake-paper (Reuters) “Bankers for Italy’s Prada fashion house have contacted Compagnie Financiere Richemont SA about the Swiss company taking a stake in it, la Repubblica newspaper said on Saturday. In an unsourced report, the Italian daily said the banks, including Intesa Sanpaolo SpA and UniCredit SpA, would like an industrial partner for Prada with a stake of up to 30.”

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Hermès breeds crocodiles, Prada approached by investors, Jones steadies, Sales dismay indies

Prada A/W 09 fashion show in Milan, courtesy of WSJ

Hermès breeds own crocodiles in Australia for luxury handbags (Times) “Hermès chief executive Patrick Thomas admitted this week his French fashion house has resorted to farming crocodiles in Australia to keep up with the increasing international demand for their world famous crocodile skin handbags, including the popular Birkin design.” Prada Approached on Investment (WSJ) “Prada SpA has been approached by

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Prada’s profit falls, Cartier cuts hours, Gap teams with ASOS, Missoni’s London store, Ballantyne’s new Chairman

Prada S/S 09 Ad campaign, courtesy of Prada

Prada lays foundations for future growth (Financial Times) “Prada, the privately owned Italian fashion house, reported on Tuesday a 22 per cent fall in net profit for 2008 of €99m and sought to position itself for growth when the global economic crisis eases.” Cartier cuts working hours as demand dwindles (Reuters) “Richemont, the world’s second-largest luxury goods group behind LVMH, is cutting working

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Transformer opens in Seoul, Fashion embraces 2.0, Consumer fashion shows, Ditto designs

Prada Transformer opens in Seoul, courtesy of Prada

Prada Transformer Opens in Seoul (Korea Times) “The Prada Transformer will be the venue for events devoted to art, film, fashion and of course, the Prada brand, for the next six months.” A fashion blog leads to the Paris runway (CNN Money) “Savvy new designers are using online stores, social networking sites and other do-it-yourself tactics to break into the fashion business.” New York Fashion Week Hottest

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The rise of the online fashion film

NEW YORK, United States - Quoting Steven Kolb, executive director of the Council of Fashion Designers of America, saying the format of showing the Fall 2009 collections this February is the “number one item on everyone’s agenda right now,” The Wall Street Journal's Heard on the Runway blog recently asked the question: "Will fashion shows survive the economy?" To answer this question, it's important to consider how fashion shows function in today's media landscape. Increasingly, images and video from runway shows, captured by the established media, as well as a new generation of fashion bloggers wielding video-enabled camera phones, reach a global audience of fashion consumers, in close to realtime, on Style.com, YouTube and fashion blogs around the world. As…

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