Balanced on Fashion’s Wobbly Pedestal (NY Times) “In total, Mr. Pilati has been a designer for nearly 30 years, during which time he has had highs and lows, wrestled with drug abuse, and constantly questioned his place in fashion and whether the pressures are worth it.’I have worked and worked and worked hard again… I have been a monk here.’” It’s Hard to Be Sexy (NY Times) “Of course, all this
Jean-Louis Dumas, Chief of Hermès, Dies at 72 (NY Times) “Jean-Louis Dumas, who revived the flagging fortunes of Hermès in the late 1970s and in his nearly 30 years as the company’s chief executive transformed it into one of the world’s most successful luxury brands, died Saturday at his home in Paris.” Louis Vuitton Tops Hermes, Gucci as Most Valuable Luxury Brand (Bloomberg) “Louis Vuitton, the French fashion
Despite Fourth-Quarter Loss, J. Crew Sees Room to Grow (WWD) “Tightfisted consumers and rising costs may have pushed J. Crew Group Inc. to a $13.5 million loss in the fourth quarter, but the retailer still has cautious expansion.” (Subscription required) Has spring sprung for US retailers? (Just-Style) Though February sales have improved, this is an unlikely sign of a total recovery. Simon Fuller to launch fashion
[caption id="attachment_2450" align="alignnone" width="501" caption="Stefano Pilati of YSL, courtesy of Wallpaper"][/caption] Black is back at Yves Saint Laurent (Financial Times) After ten years of losses, Yves Saint Laurent breaks even amid the current recession. Net-a-Porter profits rocket (Drapers) Due to improved margins, Net-a-Porter's pre tax profits are up 300 percent to £9 million. Wal-Mart's Profits Attributable to Sad State of Economy (Seeking Alpha) "Wal-Mart is one of the few stalwarts to actually expand business amidst today's financial carnage and the glowing statistics are not to be mistaken for a grandiose harbinger of U.S. economic vitality." Christian Lacroix Heads Back to the Basics (WSJ) As a response to the economic tumult, Lacroix pulled back on his signature exuberance.