BoF compiles the most important professional moves of the week.
TOKYO, Japan — Uniqlo owner Fast Retailing Co. is hiring executives from retailers including Wal-Mart Stores Inc. to strengthen the Japanese clothier’s overseas expansion blitz.
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
CEO Talk | Andrew Rosen, Chief Executive Officer, Theory (CEO Talk) “American fashion mogul Andrew Rosen, CEO of Theory and Helmut Lang and an investor in several of New York’s most exciting labels, including Proenza Schouler and Rag & Bone, learned the ropes from his father, Carl Rosen, a successful garmento and former chief executive of Seventh Avenue dressmaker Puritan Fashions.” First Person | Tory Burch Says
Just before Proenza Schouler’s Spring/Summer 2013 show, BoF sat down with the brand’s newest investor, Andrew Rosen, CEO of Theory and Helmut Lang, who revealed his latest investment in London-based label Les Chiffonniers.
Prada to Add 260 Shops in 3 Years on Demand From BRICs (BusinessWeek) “Prada, the Italian fashion company that owns the Miu Miu and Church’s brands, plans to add 260 stores in the next three years to tap demand in emerging markets including Brazil, China and Persian Gulf countries.” Asos fashion retailer’s top managers reap £66m payout (Guardian) “Seven top managers of online fashion retailer Asos are being
Theory’s Designer Shapes a New Future (IHT) “Mr. Rosen was asked whether the seemingly sudden decision to hand over creative control of Theory to the young designer was a risky move. ‘To me, it’s not a risk,’ he said. ‘I know Olivier, and I know his understanding of Theory. I think it’s a great opportunity. I didn’t need a reaction from the consumer on Theyskens’ Theory. It’s amazing clothes that will
Luxury market faces spending drought through 2020 (Luxury Daily) “The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020.” PPR Third-Quarter Sales Beat Estimates (Bloomberg) “Each of PPR’s luxury brands increased sales at least 10
Olivier Theyskens Is Theory’s New Artistic Director (The Cut) “Theyskens previously signed a deal to design the Theyskens Theory label for the brand, which debuts for spring 2011, but will take over design for the entire label as artistic director beginning with the fall 2011 season.” French regulator to examine LVMH swoop on Hermes (Reuters) “French luxury goods company LVMH’s surprise acquisition of 17.1
PARIS, FRANCE — Olivier Theyskens caused a veritable fashionista frenzy in New York earlier this month when he launched a capsule collection for American contemporary brand Theory, which is known for its accessible prices and well-fitting trousers, but not necessarily for its fashion aesthetic or production quality. It was a surprise move for Mr. Theyskens, a designer who has been criticised in the past as being out of touch with
Jil Sander Bathes in the Glow of Uniqlo (NY Times) “This sensitive yet strong woman, trained as a textile expert, created a fashion house… and listed her company on the Frankfurt stock exchange… The fact that she walked out twice on Prada… is part of 21st-century fashion legend.” Taking the High Cost Out of Haute Couture (IHT) “In the spirit of the Jil Sander/Uniqlo collaboration — but at a
Sarah Burton confirmed as Creative Director at Alexander McQueen (Telegraph) “A statement from Alexander McQueen and its ‘parent’ company, Gucci Group, announced that Burton will supervise the creative direction and development of all collections of the brand going forwards.” New Designer at Hermès (NY Times) “After seven years, Jean Paul Gaultier is giving up his ready-to-wear duties at Hermès and will be