Yuan fears, Google vs LVMH Round 2, Shoes the new ‘it’ bag, Digital marketing costs, Stella for Team GB

| Daily Digest

Declining dollar reduces Chinese competitiveness | Source: Impactlab

China’s textile firms may face bankruptcy on yuan appreciation (Xinhuanet) “Half of China’s textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry’s thin profit margins.” French Court Kicks Google/LVMH Case Back To Appeals (WSJ) “The French Supreme Court Tuesday referred a previous ruling against Internet search

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In Ethical Fashion, Desirability is Sustainability

London | New York

NEW YORK, United States — Over the past ten years, the eco-fashion movement has been gathering steam. Following the lead of pioneering brands like Stella McCartney and NOIR, which were founded on the basis of ethical principles near the turn of the millennium, there are now entire fashion exhibitions, forums and blogs all focused on so-called sustainable fashion. Ethical fashion is also high on the agenda of the major luxury goods groups. In April 2009, having already partnered with Stella McCartney to launch her eponymous label, PPR announced its support of HOME, an environmental call-to-action by filmmaker Yann Arthus-Bertrand. François-Henri Pinault, chairman and chief executive officer, said at the time that PPR’s support aimed to use “images and commentary to…

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LVMH on the watch, Valli’s production, Affluent friends, McCartney’s minimalism, Paris focuses on daywear

| Daily Digest

Hublot Platinum Watch Detail | Source: Hublot

LVMH Must Watch It (WSJ) “LVMH should do more to fill out its lack of presence in the ‘hard’ luxury segments of jewelry and high-end watches. High operating leverage at jewelers and watch makers, especially smaller outfits, has left them economically vulnerable and a potential hunting ground to scale up LVMH’s business.” Giambattista Valli to Sew His Own Clothes (WSJ) “Mr. Valli said that, starting today, he

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Lacroix’s non-fairytale ending, J.C. Penney and Mango, Designer rentals, Yoox IPO, McCartney meets Morrissey

| Daily Digest

End of a fairytale: Christian Lacroix fashion house to strip down (Guardian) “Christian Lacroix, the celebrated French designer whose fantastical creations and luxurious image captured the decadence of its age, was told today that the fashion house he founded over two decades ago is to cease making haute couture.” J.C. Penney Is Betting Big By Adding A European Flair (WSJ) “J.C. Penney Co.may be making its biggest

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Sustainability in vogue, Ted Baker’s profits drop, Haute not out, Inditex sales up, Stella on ecology

| Daily Digest

Ted Baker advertising campaign, courtesy of Ted Baker

Sustainability is back in fashion (IHT) As the industry redefines the meaning of luxury, “Sustainability” and “Responsibility” have become the new buzz words. Ted Baker profits fall (Drapers) Ted Baker saw pre-tax profit fall 19.5% to £17.8 million for the 53 weeks ended January 31. In Fashion, Some Like It Haute (WSJ) “Economic crisis doesn’t mean the end of luxury. But while many brands have

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