Tory Burch Sells Minority Stake to Tresalia (WWD)
“Tory Burch has found a new partner. After a yearlong search for additional financing, the designer has sold a minority stake in her more than $200 million firm.” To view the video of Tory Burch’s Spring 2009 presentation click here.

Shiny Media: my thoughts on its demise (Telegraph)
Katie Lee, co-founder of Shiny Media, discusses the rise and fall of the UK’s first blog network.

Born by Ted Baker eyes younger market (Drapers)
“Ted Baker is aiming to take a slice of the younger market with a new directional, lower-priced casualwear sub-brand called Born by Ted Baker.”

Hermès to open 1st Brazil store this year (Reuters)
“Paris-based Hermès will open its store in the upscale Cidade Jardim shopping mall in Sao Paulo by mid-September, Valor said, citing Guillaume de Seynes, deputy managing director at Hermès and a member of the company’s founding family.”

Fashion sales suffer as swine flu rocks consumer confidence (Retail Week)
“Retail like-for-like sales were down 4.1 per cent in the week ending July 19 as swine flu shook consumer confidence.”

CFDA Swarovski Award winners, Tim Hamilton, Justin Giunta, Alexander Wang

Do CFDA Winners’ Businesses Grow? (Forbes)
“The backing of the Council of Fashion Designers of America confers recognition–but not always sales–to fledging designers.”

Ted Baker Sales Rise; Profit to Shift to Second Half (Bloomberg)
“Ted Baker Plc, the clothing company that dressed actor Daniel Craig as James Bond for ‘Casino Royale,’ said group sales gained 7.6 percent in the 19 weeks from Feb. 1 to June 12 as it sold more women’s clothing at its retail stores and concession counters.”

The next generation of catwalk kings and queens (Independent)
“The British Fashion Council announced yesterday which young designers would receive Newgen sponsorship to help them show and exhibit at London Fashion Week in September.”

Aquascutum thrown a lifeline (FT)
“Aquascutum, the luxury British label whose future is in doubt, has been thrown a lifeline by the millionaire owner of Crombie, that could see the overcoat maker acquire the UK arm of the 158-year-old brand.”

In the Garment District: Saving Hands Behind the Brands (WWD)
“As Manhattan struggles to keep its glitz in the downtrodden economy, Garment Center tenants are distressed about the commercial development that stands to oust them from the neighborhood and dismantle businesses that took decades to build.”

Rathore Jodhpurat A/W 09 at Wills Fashion Week

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 been battered, those that show grace under fire should be coveted investments.”

Inditex sales rise 12% (Drapers)
Sales are up at Inditex for the fiscal year 2009 and sales are trending ahead by 9% in February.

Stella McCartney on ecology, luxury and life (IHT)
Stella McCartney sits down with Suzy Menkes and lets us in on her label’s eco conscious stance.