Fashion House Lacroix Seeks Partner (WSJ) “The owner of the iconic but unprofitable Christian Lacroix couture fashion house is in talks to sell a stake in the firm to private investors, people familiar with the matter said, as cutbacks by U.S. department stores take a toll on apparel designers.” Bamford, Pringle said to be restructuring (WWD) “Two British luxury labels—Bamford and Pringle of Scotland—are
Change in Bank Rules Lifts Stocks (NYT) “Hopes that the worst days of the financial crisis are retreating lifted stock markets on Thursday after government leaders pledged huge new financial rescues and a regulatory group moved to rewrite financial regulations and accounting rules.” Fast Retailing: Uniqlo Mar Same-Store Sales Up 7.9% Y/Y (WSJ) According to the brand, “same-store sales at its domestic Uniqlo casual
Jil Sander to join Uniqlo (Drapers) Jil Sander is set to become a design consultant at Uniqlo, “which will see her take overall creative control of the value fashion chain’s womenswear and menswear ranges.” Delhi gears up for two fashion ‘weeks’ (India PRwire) “Term it excess in times of a global economic slump, but two parallel events – the Wills Lifestyle India Fashion Week (WIFW) and the
Oscars Evolve With Economy (WWD) “With the worldwide economy in turmoil, glamour lives in the run-up to Hollywood’s annual Academy Awards extravaganza on Sunday night, but brands are finding ways to save a buck.” (Subscription required) PPR sees fourth quarter sales slow (Drapers) Although PPR, the French conglomerate that owns Gucci, saw revenues rise in 2008, its fourth quarter earnings slowed. America’s
TOKYO, Japan — 2008 turned out to be an incredibly successful year for Uniqlo — and Uniqlo alone. The Japanese media can no longer mention the mass retailer without using the word hitorigachi — meaning “sole winner” or “to reign supreme.” In a toxic retail environment, where most major apparel chains experienced 10-15 percent declines in same-store sales for December, Uniqlo finished the year up 10.3
Will Fashion Shows Survive The Economy? (WSJ) Runway shows are expensive ventures, and this upcoming Autumn '09 collections, designers may consider cheaper alternatives for presenting their collections. Uniqlo considers UK acquisitions (Drapers) Uniqlo, the Japanese fast fashion chain, is looking for acquisitions in the US and the UK. Beyonce [Hearts] Thierry (WWD) "Thierry Mugler is is diving — or rather, dancing — back into fashion via an ambitious collaboration with Beyoncé Knowles." S.I. Newhouse on Anna Wintour Speculation: “Silliest Rumor I Ever Heard” (WSJ) The recent reports of Carine Roitfeld replacing Anna Wintour at American Vogue are "silly" according to S.I. Newhouse. Runway show, photo courtesy of the New York Times.