Richemont to buy Net-a-Porter, PVH acquires Hilfiger, Prada’s maltreatment, Liberty bid, GenY luxe life

| Daily Digest

Chloé Jumpsuit on Net-a-porter.com | Source: Net-a-porter

Net-a-Porter is being acquired for up to £350m by Richemont (Telegraph) “The deal, expected to be completed this week, will see founder Natalie Massenet, a former fashion journalist, become at least £50m richer as Richemont acquires the remaining 70pc of the company it doesn’t already own.” Phillips-Van Heusen Acquires Hilfiger for $3 Billion (NY Times) “Phillips-Van Heusen, the clothing conglomerate that

…Continue Reading

McQueen’s guiding light, PVH’s Hilfiger upside, Neiman ekes out profit, Online ad spend overtakes print, Fantasy furs

| Daily Digest

Alexander McQueen Autumn/Winter 2010 | Source: Style.com

A light in the darkness (Style.com) “In Alexander McQueen’s final collection, medieval influences transformed into calm, poetic beauty.” Phillips-Van Heusen May Gain From Buying Hilfiger (Bloomberg) “Phillips-Van Heusen would gain extra profit within a year of a reported potential acquisition of Tommy Hilfiger Corp.” Neiman Marcus posts profit as sales start improving (Reuters) “Neiman Marcus

…Continue Reading

Marketing to millennials, Labelux on the prowl, Milan’s mixed media, Luxe lifts bourses, Hilfiger for sale?

| Daily Digest

Lily Donaldson's Flying Hair by Matthew Donaldson | Source: Nowness

Marketing to the Millennials (IHT) “Finding a way to reach a generation that is eager to be entertained and informed, yet resistant to the familiar, in-your-face 20th-century approach, is the focus of every smart luxury and fashion brand.” Reimann Family Seeks More Luxury Acquisitions (Bloomberg) “Labelux Group, the luxury company founded by Germany’s billionaire Reimann family, may make another acquisition this

…Continue Reading

Rue La La sold for $350m, Armani’s succession planning, Hilfiger retail up, TPG’s cool Debenhams profit, Tisci talks

| Daily Digest

Hilfiger Denim Advert | Source: Muse Amsterdam

Software Maker Buying Web Fashion Discounter (NY Times) “GSI Commerce, which manages the Web sites for major retailers like ToysRUs.com and Zales, announced on Tuesday that it was buying Rue La La, a Boston start-up, in a deal valued at $350 million.” Giorgio Armani organizing staff as successors (Reuters) “Italian fashion designer Giorgio Armani, still frail after a bout of hepatitis, hinted on Tuesday of

…Continue Reading

Burberry sales slow, H&M down, End of throwaway fashion, WGSN in India, Hilfiger to lead incubator

| Daily Digest

http://www.youtube.com/v/FcVmsH1-9mo&hl=en&fs=1&"

Burberry’s Sales Growth Slows in First Quarter (WSJ) “U.K. luxury fashion group Burberry PLC Wednesday reported a further slowdown in sales growth in its fiscal first quarter as the economic downturn continued to hold back demand, but the company remains confident it can deliver growth over the long term.” Click here for a behind the scenes look at the most recent Burberry campaign featuring Emma Watson. H&M

…Continue Reading

1234