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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Richemont reshuffles, Bally looks East, Bulgari back in black, Ungaro speaks out, Alexander Wang in profile

Richemont’s Rupert to Take Over as CEO; Profit Slumps (Bloomberg) “Richemont SA, the world’s largest jewelry maker, said Chairman Johann Rupert will replace Norbert Platt as chief executive officer in April, taking more control amid the deepest recession since the 1930s… Richemont’s first-half profit fell 60 percent.” In downturn, luxury brand Bally eyes Asia and beyond (Reuters) “Fresh from a makeover,

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CEO Talk | Christopher Colfer, Chief Executive Officer, Alfred Dunhill

Christopher Colfer, CEO, Alfred Dunhill | Source: Dunhill

LONDON, United Kingdom — In 1893, at the age of 21, Alfred Dunhill inherited his father’s saddlery business in London and slowly but surely transformed it into a global business spanning several categories including timepieces, automobile accessories and clothing. In this way, it was the first global luxury men’s brand, paving the way for brands like Ermengildo Zegna, Dior Homme and Tom Ford to follow in its footsteps

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Aquascutum sold, Fashion stimulus, Henry to Debenhams, Neiman Marcus Q4 down 23%, Richemont declines

Aquascutum A/W 09 ad campaign, courtesy of Aquascutum

Tillman Buys Storied Clothier Aquascutum (WSJ) “U.K. retail mogul Harold Tillman, chairman and majority owner of Jaeger Ltd., has purchased Aquascutum Group PLC, the luxury clothier and trench-coat maker that has dressed British elites from Margaret Thatcher to Sean Connery for 158 years.” Fashion elite tries on stimulus for size (FT) “The fashion industry in 13 countries will on Thursday attempt to do what

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Cavalli takes on investor, New Look soars, Sugar Inc. gets a cash injection, Richemont seeks sanction

Roberto Cavalli, courtesy of H&M

Cavalli agrees to sell 30 percent to Clessidra (Reuters) “Italian designer Roberto Cavalli has signed a letter of intent with Italian investment fund Clessidra to sell 30 percent of his fashion house.” New Look EBITDA soars 10 percent (Drapers) “Total group sales in the year to March 28, grew by 14.9 percent to £1.32 billion and EBITDA rose 10.2 percent to £217.6 million.” What Is Sugar, Inc. and Why Is It

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Richemont appoints Wikstrom, Burberry expands in the Americas, J. Crew drops, Della Valle and Saks

Jude Law for Dunhill 09, courtesy of Dunhill

Richemont Creates Post To Turn Around Ailing Brands (WSJ) “The world’s second-largest luxury company by sales named Martha Wikstrom, 52, head of a portfolio comprising most of Richemont’s less-prominent brands, including Alfred Dunhill and Lancel, which market so-called soft luxury goods such as leather and fashion.” Burberry eyes expansion in U.S. (Guardian) “While other retailers apply the brakes on

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Claiborne experiences loss, Richemont profits down, Anna Wintour in conversation, Men’s spending still on the rise

Liz Claiborne S/S 09, courtesy of Liz Claiborne

Liz Claiborne Results Raise Questions About Retailer’s Future (CNN Money) “Liz Claiborne’s future is being questioned after the fashion retailer posted a sharply wider first-quarter loss and sees a similar performance for the current quarter as the company is stymied by a lack of customers, big markdowns and a low cash position while trying to reignite demand through efforts that include a new namesake

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Luxury’s breaking point, Versace’s loss, Blass hires, Topshop goes West, Richemont revives

Luxury’s Breaking Point (CNBC European Business) “MasterCard SpendingPulse reported luxury goods was the worst hit category in the final two months of 2008, with year-on year sales nosediving 34% between 1 November and 24 December in the US.”  Versace Profits Fall 30 Percent (WWD) Versace feels the effects of the downturn with a 30 percent decrease in net profits. (Subscription required) Bill Blass is Hiring

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Luxury Outlook | Richemont reels

ZURICH, Switzerland — “Demand for luxury goods…has fallen dramatically and Richemont is currently facing the toughest market conditions since its formation 20 years ago…we see no cause for optimism. We must assume that there will be no significant recovery in the foreseeable future and plan accordingly to cope with this situation.” With those ominous words in its trading update on Monday, Richemont provided the first

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