Japanese web bargains, Lagerfeld goes masstige, Richemont sales jump, PVH raises outlook, Wintour’s web

Louis Vuitton Omotosando | Source: Highsnobiety

Web-Bargain Luxury Comes to Japan (WSJ) “For decades, the model for selling luxury imported goods in Japan has been simple: plush surroundings, attentive service—and the ‘Japan premium’… But the cozy system may be cracking, [thanks in part to] third-party websites to jump in with deep discounts.” Karl Lagerfeld cancels Paris show (Catwalk Queen) “Instead, the designer is working on a new

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Richemont disappoints, UK retail plunges, J Crew beats Street, Zara’s Indian move, DIY design blogs

Chloè Spring-Summer 2010 | Source: Chloè

Richemont downbeat over sector prospects (FT) “Richemont’s restraint, along with lower than expected net profits, disappointed some analysts. Sales fell by 4 per cent to €5.18bn ($6.4bn), while net profits from continuing operations dropped 18 per cent to €603m. The closely watched margin fell to 16 per cent from 17.9 per cent.” Falling retail sales dampen recovery hopes (Times) “Retail sales plunged to a

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Craftmanship’s demise, Richemont’s prize, Crowdsourcing fashion, Designing for China, McQueen’s final days

Céline Spring/Summer 2010 | Source: Céline

Europe laments craftsmen’s demise (FT) “Europe’s luxury goods makers have warned that numbers of skilled craftsmen – prized by dressmakers, perfumiers and watchmakers for their expertise – are dwindling rapidly as suppliers have sourced more production from Asia.” Ready for the next chapter in e-tailing (FT) “E-tailing is no longer a luxury for the luxury industry – it’s a necessity… [Richemont] became the

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Breaking News | Richemont confirms acquisition of Net-a-Porter

Net-a-Porter screenshot | Source: Net-a-Porter

LONDON, United Kingdom — It’s official and finally confirmed. Net-a-Porter, the world’s pioneering and leading luxury ecommerce retailer has been acquired by Richemont, which was already the largest shareholder in Net-a-Porter prior to the announcement of the transaction this morning, valuing the business at a whopping £350m. Natalie Massenet, Net-a-Porter’s Founder and Executive Chairman has long been a friend

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Luxe M&A returns, Richemont and Net-a-Porter link up, Fashion Culture, Nilsson’s 9 lives, Sartorialist knockoff

Julianne Moore for Bulgari 2010 | Source: Bulgari

Luxury sector readies for increase in deals (Financial Chronicle) “Merger and acquisition activity in the luxury sector is set to rise after a twoyear hiatus, driven by a recovery in the sector, closer price agreement between buyers and sellers and the weaker euro.” Richemont seeks to buy UK’s Net-a-Porter (Reuters) “Swiss luxury goods maker Richemont is seeking to buy the 67 percent of UK online fashion

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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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Revamping Richemont, China rules out luxury tax, Online boomers, Theyskens’ next act, Paris looks to the past

Ferragamo Spring/Summer 2010 | Source: Ferragamo

Revamping Richemont’s Wardrobe Search The Source (WSJ) “A logical alternative to Prada, which has denied reports about selling a stake [to Richemont], would be Ferragamo, which has been mulling an IPO for a couple of years. The Italian company offers an opportunity for diversification–with a portfolio ranging from footwear and clothes to perfumes and accessories it could complement Richemont’s strengths.” MOF rules out

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Richemont recovery, Menswear’s positive signals, Discount sleight-of-hand, Oligarchs tested, Ford picture perfect

Cartier Panther | Source: Cartier

Richemont reveals recovery in demand (FT) “Richemont, the world’s second-biggest luxury goods group, on Monday reinforced signs of a recovery in demand for expensive watches, jewellery and accessories with Christmas sales well ahead of expectations.” Hopes for 2010 fashion recovery at Milan menswear (Reuters) “Many executives and designers at Milan’s menswear shows said they were looking ahead with guarded

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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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