CFDA upside, Ted Baker profits, Newgen winners announced, Crombie to save Aquascutum, Garment district dissolves

| Daily Digest

CFDA Swarovski Award winners, Time Hamilton, Justin Giunta and 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

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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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