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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Saks reasses, Marios to Halston, PVH loses but stays steady, Kate Moss for Topshop, The model/designer

Saks S/S 09 ad campaign, courtesy fo Saks

Saks swings to a loss as demand falters (MarketWatch) “Saks Inc. swung to a smaller-than-expected first-quarter loss Tuesday after the luxury retailer controlled inventory and expenses amid faltering demand for upscale goods.” Halston Taps Marios Schwab as Creative Director (WWD) “Ending one of the most speculated-about searches in recent months, Halston has tapped London-based designer Marios Schwab as its new

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Fashion gloom, Lakshmi Menon, Online sales drop, Saks’ new investor, Ferragamo reports loss

The Meatpacking district in the 1970's, courtesy of the Bowery Boys

Fashion in Dark Times (The Atlantic) “During the fashion boom that began in the 1980s, the relationship between fashion and its customers was the same as the one between art and its rich, often unlovely patrons: all that money sloshing around led to excessive consumption, but it also created a fertile soil in which works of beauty and integrity could develop.” This year’s model: How Lakshmi Menon put India in

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Russians in Milan, GAP hires students, Shopping and ethics, Saks Fifth Avenue’s giant loss

Milan

Russians top Milan’s list of shoppers (IHT) “Russians are Milan’s largest national group of fashion shoppers, commanding 38 percent of the tax-free pie in 2008, despite their own economic woes back home,” reports IHT. The GAP Hires Students (Fashionista) Gap taps RISD students to design cardigans. Now that the pricing dam has burst (IHT) “Shopping is becoming a matter of ethics.” Battling the

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Saks’ pricing, Runway change, Indian retail squeeze, Show must go on in New York

From left to right: Sean Connery in a Louis Vuitton ad; Hunter wellies; a model at Prada's recent menswear show; a Coach bag; a sketch from Rebecca Taylor's fall 2009 collection, Photo courtesy of The Wall Street Journal

Saks Upends Luxury Market With Strategy to Slash Prices (WSJ) Saks’ deep discounting before the holiday season will have a long-term effect on the consumer psychology. Fashion Walks a Fine Line (WSJ) During New York Fashion week, you’ll see dour and spunky on the runways, the magic blend that will court customers. Retailers feel credit squeeze in India (FT) “India’s biggest discount retailer said that

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