John Fairchild’s legacy, IMG buys TFW, Soft economy, Tod’s profits up, Julie Eilenberger

John Fairchild | Source: Vanity Fair

Fashion’s Most Angry Fella (Vanity Fair) “When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.” Toronto Fashion Week sold to IMG, Robin Kay steps down

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Wobbles in China, Aquascutum acquisition, Tod’s up on US strength, Luxup launch, Curating cool

Aquascutum Autumn/Winter 2012 | Source: MyDaily

Europe’s Luxury Rally Founders as China, Greece Hurt LVMH (Bloomberg) “The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern slower economic growth in China and renewed euro-area political turmoil after Greece’s inconclusive election will choke off demand.” China’s YGM takes Aquascutum off the shelf (Reuters) “YGM Trading Ltd has agreed to buy Aquascutum, the failed luxury

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Fung Brands eyes Rykiel, Hidden wealth, Tod’s woes, Vogue maintains position, Patrik Ervell Q&A

Hermès Spring/Summer 2008 | Source: Nirali

Sonia Rykiel in talks with investor Fung Brands (Reuters) “Sonia Rykiel, one of the last family-controlled French fashion houses, is in exclusive talks with privately held Fung Brands which could lead to the investment firm taking an 80 percent stake in the company to help it expand internationally.” China’s Hidden Wealth Feeds an Income Gap (NY Times) “Wealthy Chinese are snapping up gold, Rolls-Royces and

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Spring/Summer 2012 | The Season That Was

LONDON, United Kingdom — It was a fashion season of extreme weather. After the New York Fashion Week schedule was upended, first by an earthquake and then by the State of Emergency declaration that came courtesy of Hurricane Irene, an unprecedented heat wave in Paris threw buyers, editors and bloggers into a wardrobe tailspin. The American editors were worst off, having packed for the European shows two weeks before Paris with no

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Market Pulse | Stormy Weather

Savigny Luxury Index August 2011 | Source: Savigny Partners

LONDON, United Kingdom — Hurricane Irene wasn’t the only storm wreaking havoc during the month of August. The financial markets were also stormy. Ongoing economic uncertainty on both sides of the Atlantic had investors in a panic, and luxury stocks were were hit hard, though they bounced back towards the end of the month. Big news • August, which is a typically quiet month, has seen some high trading volumes driving

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Being Della Valle, Luxury retailers cautious, Reinventing Ben Sherman, Chanel’s Peter Philips, Louboutin fights on

Diego Dalla Valle | Source: Marie Claire

Lunch with the FT: Diego Della Valle (FT) “Tod’s is a success story that continues to show impressive growth: half-year results of the €800m company released this week show sales up by 16.4 per cent from the corresponding period last year and net income up by 26.7 per cent… Tod’s is nothing if not a global concern and, as with most luxury goods companies, eyes are looking hungrily eastwards.” Luxury retailers

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Long view on flash sales, Milan gets sporty, SuperGroup saturation, Versace for H&M, Della Valle’s Empire

Gilt Men's Shirt Shop | Source: Gilt

Bargains on Flash Sale Sites Serve a Long-Range View (NY Times) “Flash sale Web sites, a thriving e-commerce trend to promote limited-time sales, started as a way for brands to unload excess inventory… But now they have become something else: a way to advertise and find new customers, many of whom visit the sites of the brands and buy full-price merchandise soon after the sales.” Olympics Ahoy! (IHT) “Love

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Gap to shutter 200 stores, Impact of Japan crisis, The Kate effect, Tod’s hikes dividend, Jean Touitou: designer

Gap Spring/Summer 2011 | Source: Twitexpress

Turning point for Gap as 200 stores close worldwide (Independent) “Chairman and CEO Glenn Murphy has announced that Gap is to close 200 of its 900 worldwide stores by 2013, and focus on modernising its signature look. He also admitted that Gap had not tried hard enough to attract ethnic minority customers in the US.” Luxury goods firms fear effect of Japanese disaster (Guardian) “Shares in some of the

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Couture time, Asia’s thirst for luxury, Coach cost pressure, Pakistani fashion, Tod’s colossal Colosseum project

Christian Dior Couture 2011 | Source: Style.com

And Now Couture (On the Runway) “Not even 24 hours after the Paris men’s shows had ended they were a dim memory. The women had moved in for the spring haute couture shows, like a temperance league.” Asian shoppers thirst for luxury (BBC) “So many times in the past few decades, the insatiable appetite of the Americans [helped the world out of recession]… But if China’s emerging class of consumers put

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