Arnault’s empire, Talbots buy-out, US retail sales up, Hong Kong slows, Kawakubo’s achievement

| Daily Digest

Bernard Arnault | Source: Courtesy Photo

The empire of desire (Economist) “Mr. Arnault is the chairman, chief executive and controlling shareholder of Moët Hennessy Louis Vuitton (LVMH), the world’s largest luxury group. Over the past quarter-century he has transformed a small, nearly defunct clothing manufacturer into a conglomerate that controls more than 60 luxury brands.” Talbots Accepts Lower Sycamore Bid in $369 Million Takeover (Bloomberg)

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LVMH Q1 sales jump 11%, Shedding Talbots’ Granny image, Retail boosts Dow, Boss sees profit growth, Ask a Stylist app

| Daily Digest

Hugo Boss SS 2010 | Source: hugoboss.com

Luxury goods brand LVMH sees sales soar (Guardian) “A surge in demand for expensive jewellery, fashion goods, perfume and champagne has sent sales soaring at luxury goods firm LVMH Moët Hennessy Louis Vuitton. LVMH saw revenues jump by 11% in the first three months of this year to €4.472bn.” Talbots Politely Shows Granny the Door (WSJ) “To solidify its comeback and boost sales, Talbots must complete a merchandise

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Margiela confirms exit, Primark’s record sales, Talbots in surprise merger, Lara Stone for Vuitton, The Power 25

| Daily Digest

Martin Margiela to Leave Fashion House He Founded (NY Times) “Insiders had known for months that Mr. Margiela had left the company in all but name. The designer’s particular vision, which had focused on the authenticity of the vintage artisan fused with modern photo prints depicting wrinkles or handwork, was missing from recent shows.” Primark beats its one-day sales record (Independent) “The flagship Primark

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