Asian acquirers, Outsourcing truths, Saks shares surge on bid talk, Boomers get social, McQueen memorial

MCM handbags | Source: MCM

Relocated labels (FT) “From individual consumers of luxury goods, the Chinese and Indians have become consumers of luxury companies, in a shift that has far-reaching implications for the $80bn (€63bn, £52bn) a year industry.” When luxury brands outsource, should they tell? (Today) “Italy’s Parliament has passed a law that [requires] manufacturers be able to prove that their products were primarily made in

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Betting on E-commerce, Painting Pringle, Sak’s Sadove sits down, Bar code check-in, Saboteur’s geek chic

Handmade apparel on Etsy by Qinliumei | Source: Etsy

Why e-commerce IPOs will soon be the smarter buy (Venture Beat) “In Silicon Valley, market-watchers are looking to digital media in its many forms — social networks, tablet apps, user-generated content — to revive the IPO market… But there’s a smarter bet for investors: e-commerce.” Pringle of Scotland: painting by jumpers (Telegraph) “To celebrate Pringle’s 195th birthday, it has partnered with the

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Jaeger eyes expansion, Saks recovery, Sykes for Aquascutum, Ad pages up and down, Maison Martin Margiela exhibit

Jaeger Summer 2010 | Source: Jaeger

Jaeger says sales picking up, eyes expansion (Reuters) “British luxury brand Jaeger has seen a strong pick up in sales in recent weeks, it said on Wednesday as it posted a 16 percent rise in annual earnings and outlined plans to expand internationally and online.” Saks recovers with stronger merchandising, consumer appeal (Medill Reports) “Luxury department store Saks Inc. recovered from a year-ago loss to post a

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Digital retail, Google wins EU ruling, Saks to shutter weak doors, Indian mass fashion, Weight and wellness

Jeremy Renner in Esquire's Augmented Reality Fashion Spread | Source: Esquire

Luxury brands focus on digital retail experience (Marketing) “Brands and high-end retailers, including House of Fraser and Selfridges, are preparing to launch virtual shopping experiences using cutting-edge digital technologies.” Google wins EU ruling in fake luxury goods case (AP) “Google Inc. won a key European Union court ruling Tuesday that says it did not violate luxury goods trademarks by allowing

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Acquisition frenzy, Bulgari posts loss, Moody’s upgrades Saks, Liberty agrees flagship sale, Russian luxury declines

Tommy Hilfiger Spring/Summer 2010 | Source: Tommy Hilfiger

A big takeover brings cheer to gloomy fashion retailing (Economist) “PVH’s acquisition of Tommy Hilfiger has aroused widespread interest, because it is a sign of life in an ailing industry. Analysts are predicting that more deals will follow this year. The cutbacks fashion companies have made in the past two years have left some of them with cash to spend on takeovers.” Cost-cuts take shine off Bulgari (FT)

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Fendi wins damages, Saks lightens the mood, Ginza loses its lustre, LVMH and Parsons, Drape and shape

"Think About" Campaign | Source: Saks Facebook

Burlington Coat Factory Ordered To Pay Damages To Fendi (Business Insider) “Federal Judge Leonard Sand in New York ruled Monday that Burlington Coat Factory knowingly violated Italian fashion company Fendi’s trademarks, and awarded the luxury brand treble damages.” A Campaign to Leaven the Mood (NY Times) “The Saks campaign is indicative of a trend on Madison Avenue to evoke elements of the dire days of the

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BlackRock ups Saks stake, HoF’s strong holiday, High Street copying, Online exclusivity, Fashion for biodiversity

BlackRock bets on Saks (New York Post) “BlackRock raised its stake in Saks to 12.7 percent, bolstering the investment fund’s profile among financial and retail heavyweights with a big bet on the luxury chain. The giant money-management firm said it bought 20.3 million shares in the owner of Saks Fifth Avenue ‘in the ordinary course of business.'” House of Fraser celebrates Christmas cheer (Times)

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Permira doubles down on Valentino, Mouret to launch mens, Saks’ dilemma, Investing in a crisis, Luxury MBAs

http://www.net-a-porter.com | Source: Net-a-porter

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

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Thom Browne’s new deal, Saks ups margin, Digital revolution, Primark sweatshop claims, London’s links

Thom Browne’s New Deal (On the Runway) “Thom Browne… has sold the majority stake of his business to the Cross Company, the Japanese apparel company he began a relationship with in August. The deal, announced Thursday, lets Mr. Browne maintain creative control of his collection. It will also take some financial pressure off the designer.” Saks Trades Sales for Margin After Discount Setback (Bloomberg) “Saks

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Techno Luxury, Saks’ surprise, Asia’s youthful consumer, Sophie Theallet wins CFDA, Marant breaks out

Luxury Firms Move to Make Web Work for Them (NYT) “The luxury goods industry, struggling through a recession that has threatened some well-known names with extinction, is trying to cast off the kid gloves that have hampered its efforts to get a grip on technology.” Saks beats Street with surprise profit, shares up (Reuters) “Upscale U.S. department store operator Saks Inc reported a quarterly profit that beat Wall

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Comité Colbert in China, Denim’s bubble bursts, Saks discounts online, Luxottica optimistic, Entrepreneurs forge on

Chinese Luxury Shoppers | Source: Businessweek

French luxury preens on website in China (AFP) “France’s creme de la creme luxury firms, hit by a drop in sales on traditional markets, on Thursday launched a China charm offensive, with a 3D website that gives a peek at the best France has to offer.” Preshrunk Prices (NY Times) “The $300 pair of designer jeans is now, courtesy of the recession, the $200 pair of designer jeans… Like any commodity that

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Armani loosens grip, Sheikh eyes Lacroix, Black to Boss, China’s widening wage gap, Saks offers stock

Armani Names Group of Lieutenants But Succession Questions Linger (WSJ) "Giorgio Armani, after recovering from a months-long bout of hepatitis, slightly loosened his grip on his fashion empire Wednesday, naming one of his most-loyal executives as deputy chairman, as part of a management reorganization." View the Armani S/S 10 runway video here. Sheikh's position strengthens in Lacroix auction (FT) "The sheikh of Ajman yesterday emerged as the frontrunner to buy Christian Lacroix, the loss-making French fashion house, after Italy's Borletti Group dropped out of the auction." Hugo Boss signs Graeme Black to drive womenswear (Drapers) "Hugo Boss has named London-based designer Graeme Black as creative consultant for the Boss Black women’s collection." Gucci Snake Bag Draws Ire in China as…

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Saks cuts orders, The future of fashion, The role of the fashion stylist, Men’s fashion week

Saks Spring 2009 ad campaign, courtesy of Saks

Saks Chief Cuts Orders to Avoid Discounts on Suits, Stilettos (Bloomberg) “Saks Inc., Neiman Marcus Group Inc. and other luxury retailers are reducing orders this year to limit supply and boost profitability.” The City Wears an Optimistic Face (New York Times) Donatella Versace and Franca Sozzani discuss the future of fashion over  candlelit supper in Milan. Stylists Aren’t Just for Celebrities Anymore (Forbes)

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