NEW YORK, United States — Hudson's Bay Co, operator of Lord & Taylor and Canada's The Bay department stores, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash.
NEW YORK, United States — Saks Inc. rose as much as 19 percent after the New York Post reported Starwood Capital Group LLC had joined bidding for the luxury department store chain.
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
London fashion week showcases the best of British (Guardian) “This week Stella McCartney and Sarah Burton arrived on a catwalk previously ruled by Burberry and Christopher Kane, and yet it felt more like a celebration than a contest, because the strongest brand in London fashion is London itself.” UK manufacturing skills a lure for luxury brands (Reuters) “Britain’s fashion manufacturing is experiencing a
Thinking, and Literally Looking, Very Big (IHT) “Of all the performer’s covers, this Visionaire production, with its photograph of a slinky, shimmering mermaid Gaga with a tar-covered fish tail, has to be the most flamboyant. The magazine is two meters high and 1.5 meters wide, or 6 feet high and 4.8 feet wide.” Luxury conquers its CSR fear (FT) “An interesting policy shift is creeping through the luxury industry:
Tamara Mellon: write her off at your peril (Telegraph) “‘Jimmy Choo customers feel a strong affinity with her,’ says Emma Elwick-Bates, Vogue’s market editor. ‘She’s incredibly glamorous, but also a successful businesswoman and single mother. She ticks a lot of boxes.’ All of which makes the radio silence from Jimmy Choo following the rupture look a little like panic. This is not an ailing
Tents, but No Circus (NY Times) “But what the increasingly industrialized Fashion Week now signally lacks is a certain giddy excitement, the fanfare and promise of genius that were common in the days when you could still get close enough to it all to see the greasepaint and smell the sweat… Ms. Roitfeld claimed flatly that fashion is not much fun anymore. ‘It’s less light-hearted, less spontaneous,’ Ms.
Brioni Shock (Vogue UK) “Brioni is ending its womenswear line, and its contract with the label’s creative director Alessandro Dell’Acqua. Brioni’s manufacturing plant in Italy, which was dedicated to the production of the brand’s womenswear collections, will be shut down in September.” Why luxury goes hand in hand with sustainability (Guardian) “As social and environmental stresses increase
Barneys’ Fall Line (NY Magazine) “Like many of its clients, Barneys has had its ups, its downs, and its great many in-betweens, and it is, at right this very moment, engaged in that most New York of pursuits: a reinvention… Last summer, Mark Lee was hired as Barneys’ new CEO. His reputation is as golden as it gets in the fashion world: He’s spent his career in Europe occupying high-level positions at important fashion
Ethical fashion weaves in social media (CNN) “With each piece of clothing there is a link called “This item’s journey” that leads to pictures and profiles of the weaver who created the fabric and of the artisan who cut the material and created the design. Using the IOU Project’s iPhone app, you can take a photo of the QR code to pull that story up again.” Luxury stores urge UK to issue more
Sleek and Luxe (IHT) “‘I wanted to play with color, a little of the 1970s and a lot of irony,’ said Ms. Giannini backstage, after the parade of fabulous Ms. Fox furs in turquoise, purple, rust and lilac wrapped around the shoulders above slim leather dresses or those sporty jackets with pleated culotte skirts that looked a lot like Yves Saint Laurent archives updated.” The Kiddie Couturiers (NY Times)
Pop-up mobile for luxury retail (Mobiluxe) “One of the inherent values of the mobile medium for marketers is the very personal nature of the smartphone device itself… This creates a plethora of unique engagement opportunities for luxury brands… [to] re-create the feeling of uniqueness historically inherent in shoppers’ experience with the brand.” Apps Go Upmarket (Ad Week) “A new report from the Luxury
US luxury stores outperform rest of retail sector (FT) “US luxury department stores outperformed the rest of the retail sector during September, underlining the extent to which more prosperous shoppers are leading the recovery in consumer spending.” Asos launches US site (Retail Week) “Asos is promoting the new website, Us.asos.com, by giving US customers free delivery. It plans to launch French and German