From Sophia Kokosalaki and Oscar de la Renta to Net-a-Porter and Browns, a wide range of ready-to-wear designers and luxury fashion retailers are capitalising on the rise and rise of designer bridalwear.
The mystery of the Chinese consumer (Economist) “After decades of deprivation and conformism, Chinese consumers regard expensive consumer goods as trophies of success… The owner of a gleaming new BMW will drive around for half an hour to avoid a 50 cent parking fee. And she will hesitate to spend much on interior decoration, because only her family sees the inside of her flat.” Alaïa Opens Up His Universe (IHT)
Earning Her Stripes (WSJ Magazine) “From small-town roots in Indiana to the big time as head of Burberry, a $2 billion fashion empire and one of the most widely recognized brands in the world, Angela Ahrendts takes it all in her stride.” The Next Wave (NY Times) “It is not just six names who are making waves in New York, but an entire generation of designers who have the potential to transform what we think of as
Permira in talks to buy back Valentino debt-sources (Reuters) “Private equity investor Permira is in talks to buy back some of the debt it amassed to purchase Italy’s Valentino Fashion Group two years ago, sources close to the matter said. Permira and other shareholders of Valentino Fashion Group plan to invest up to 300 million euros ($452 million) to reduce the Italian fashion house’s debt of about 2.2 billion
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.”