Richemont to buy Net-a-Porter, PVH acquires Hilfiger, Prada’s maltreatment, Liberty bid, GenY luxe life

Chloé Jumpsuit on Net-a-porter.com | Source: Net-a-porter

Net-a-Porter is being acquired for up to £350m by Richemont (Telegraph) “The deal, expected to be completed this week, will see founder Natalie Massenet, a former fashion journalist, become at least £50m richer as Richemont acquires the remaining 70pc of the company it doesn’t already own.” Phillips-Van Heusen Acquires Hilfiger for $3 Billion (NY Times) “Phillips-Van Heusen, the clothing conglomerate that

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McQueen’s guiding light, PVH’s Hilfiger upside, Neiman ekes out profit, Online ad spend overtakes print, Fantasy furs

Alexander McQueen Autumn/Winter 2010 | Source: Style.com

A light in the darkness (Style.com) “In Alexander McQueen’s final collection, medieval influences transformed into calm, poetic beauty.” Phillips-Van Heusen May Gain From Buying Hilfiger (Bloomberg) “Phillips-Van Heusen would gain extra profit within a year of a reported potential acquisition of Tommy Hilfiger Corp.” Neiman Marcus posts profit as sales start improving (Reuters) “Neiman Marcus

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Burberry enters Indian JV, PVH raises outlook, Burkle for Barneys, Gap profits rise , Techno-designing

Burberry targets India’s brand-aware middle class (Times) “Burberry, the British luxury brand, is poised to enter a joint venture to expand its presence in India, a market in which the ultra-rich are thriving because of a soaring stock market.” Phillips-Van Heusen 3Q profit up, raises outlook (AP) “Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4

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Saks reasses, Marios to Halston, PVH loses but stays steady, Kate Moss for Topshop, The model/designer

Saks S/S 09 ad campaign, courtesy fo Saks

Saks swings to a loss as demand falters (MarketWatch) “Saks Inc. swung to a smaller-than-expected first-quarter loss Tuesday after the luxury retailer controlled inventory and expenses amid faltering demand for upscale goods.” Halston Taps Marios Schwab as Creative Director (WWD) “Ending one of the most speculated-about searches in recent months, Halston has tapped London-based designer Marios Schwab as its new

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