Ralph Lauren to Sell Portion of Polo Shares (WSJ) “Ralph Lauren, chairman and chief executive of Polo Ralph Lauren Corp., is selling approximately a quarter of his holdings in the company he founded, a move that could raise up to $955 million at Monday’s closing price.” Rykiel Targets America (Vogue) “French fashion label Sonia Rykiel has announced plans to target the US market as it schedules debut showroom
Keeping Fast Fashion Fresh, and Profitable (IHT) "It is not often that the Grand Palais... hosts a giant Ferris Wheel, a spinning swing, a shimmering mini Eiffel Tower, and a parade of scantily clad models showing lingerie on a catwalk resembling the Champs-Élysées. In the center of this adult amusement park stood Karl-Johan Persson, 34, in his new role as chief executive of H&M Hennes & Mauritz." Hermès and Gucci Press Equestrian Advantage (NY Times) "The heart of the sponsorships is not commerce but the soul of the brands. Hermès has never deviated from its noble, officer-and-gentleman image. But this is a good time to reinforce that classy conception, at a moment when luxury has become associated with a period…
H&M signs Sonia Rykiel (Drapers) “Swedish clothing chain H&M has signed French fashion veteran Sonia Rykiel to design a range of lingerie and related accessories to be launched on December 5.” Job Wanted — and Pay Would Be Nice (New York Times) “Many of Britain’s most successful brands may be rich in creativity, but they are poor in revenue. So when a collection appears on the catwalk, often those
DNR RIP, men's fashion trade paper dead at 116 (LA Times) DNR, the Fairchild owned menswear trade publication has succumbed to the econommy and "parental neglect" is now dead. Dresner Checks Out: Park Ave. Retail Icon Succumbs to Economy (WWD) New York retail institution, Linda Dresner, is to shutter its doors at the end of December. H&M signs Matthew Williamson (Drapers) Matthew Williamson is the latest designer to link up with H&M. Sonia Rykiel: Designer for the independent woman (IHT) The International Herald Tribune profiles Sonia Rykiel, the legendary French designer who is a subject of an exhibition in Paris. Issues of DNR, photo courtesy of DNR.