BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Today, Nicola Formichetti was revealed as the first-ever Artistic Director of Diesel. A few weeks earlier, BoF’s Imran Amed conducted his latest CEO Talk with the man who started it all, Italian fashion entrepreneur Renzo Rosso.
Diesel boss to take over Italy fashion house Marni (Reuters) “Diesel jeans brand founder Renzo Rosso is poised to take over Italy’s Marni to relaunch the bohemian-chic fashion house on foreign markets, the company said. The all-Italian acquisition is a rare case in a luxury industry where most deals are made in France and Asia, and confirms Rosso as a dynamic fashion entrepreneur in Italy.” Galeries Lafayette To
Fashion Weighs a Deeper Investment in Africa (IHT) “Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.” Gap raises full year profit view,
NEW YORK, United States — In the world of development economics, Jeffrey Sachs is a veritable rock star. He is the director of The Earth Institute, Quetelet professor of sustainable development, professor of health policy and management at Columbia University and special advisor to United Nations secretary general Ban Ki-moon. For over 25 years, he has advised international governments in the developing world — from Africa to