Versace’s fashion disaster, Dollars and scents, Rent-the-Runway, Chatting with Henry Holland, Fast fashion losers

Versace’s Villa Fontalle, on Lake Cuomo | Source: Sotheby’s

How Versace went from rags to riches—and back again (Newsweek) “Donatella Versace, tiny, sculpted and forever blonde, was standing backstage after her menswear show at the Teatro Versace in Milan in June… it all felt feeble, pathetic—a sad, soulless charade to promote something that no longer exists.” Luxury perfume houses are expanding (FT) “Forget the lipstick index as economic indicator; in this

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Restructuring Versace, Escada sells Primera, Matthew’s menswear, Homegrown luxury, Karachi fashion rebellion

Restructuring Luxury at Versace (NY Times) “I am a survivor,” the designer Donatella Versace said matter-of-factly during a recent blitz of New York, a visit that made it appear little had changed in the world of the occupationally fabulous.” Escada sells Primera brands (Drapers) “Primera comprises brands Laurèl, Apriori and Cavita. Luxury German womenswear house Escada previously signed a contract to sell the

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Versace slashes workforce, Fashion’s (second) Night Out, Tillman buys Koodos, Chinese fashion, SJP and Westwood

Versace Cuts a Fourth of Its Work Force (NY Times) “Versace Group, the fashion house based in Milan, said Wednesday that it would cut 26 percent of its worldwide work force and consolidate its operations as it targeted a return to profitability in 2011.” Fashion’s Night Out on the calendar for 2010 (AP) “ShopperTrak, an independent reporter of consumer traffic, estimated a 50 percent jump in retail foot

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Versace closes in Japan, Legal fashion, Parisians queue for Uniqlo, High street exploitation, Retail deflation

Versace A/W 09 ad campaign | Source: Versace

Versace to Close Japan Stores, Will Review Strategy (Bloomberg) “Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world’s second-largest economy.” Developing their fashion sense (Globe and Mail) “New York Fashion Week, a semi-annual sea of runways under tents in that city’s Bryant Park, is one of the last places you’d

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Copying Rick Owens, Burberry looks to USA, Versace quits Ittierre, Girl Next Door, Topman inspires

Imitate That Zipper! (New York Times) "In recent months, a veritable industry has sprung up around [Rick] Owens, who may be fashion’s most imitated designer. Rival houses are racing to produce their own distillations of his angular flaps, zigzagging zippers, gossamer T-shirts and biker jackets pliant as second skins." Burberry May Speed U.S. Growth Amid Deals on NYC, Indiana Space (Bloomberg) Burberry may accelerate plans to open U.S. stores as premium shop space becomes available at cheaper prices. “Spaces we thought may not have been available a couple of years ago are available now,” said Stacey Cartwright, CFO. Versace ends licence deal with IT Holding unit (Reuters) "Italian fashion house Versace has ended its licensing deal with IT Holding unit…

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Bonkers London Fashion Week, Christopher meets Donatella, TK Maxx prospers, Polyvore investors, Grocery chic

London Fashion Week going to be bonkers (Telegraph) Sarah Mower reports that “the British Fashion Council’s biggest problem is finding enough room on the schedule to accommodate everyone hammering on the door. But as problems go, it’s a nice one to have.” Donatella Versace on fashion and celebrity (Times) Christopher Kane interviews Donnatella Versace and learns that she finds “the excessive emphasis on finance

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Inditex Q1 loss, Net-a-Porter profits treble, Bulgari issues bond, China may escape, Ferraris to Versace

Zara S/S 09 ad campaign, courtesy of Zara

Inditex 1Q Net Pft Down 16%; May Trading Resilient (WSJ) “Inditex SA (ITX.MC), Europe’s largest fashion retailer by revenue, Wednesday said its first quarter net profit fell 16 percent on a slump in consumer spending in Europe, but its stock rallied after it reported resilient clothing sales in May and the first week of June.” Net-a-Porter demonstrates strength of business model as profits treble (FT)

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Abercrombie shares tumble, Retail sales fall, Safilo open to bids, Giancarlo di Risio to step down

Abercrombie & Fitch ad campaign, courtesy of Abercrombie & Fitch

Abercrombie & Fitch shares drop sharply (AP) “Shares of Abercrombie & Fitch Co. tumbled Thursday after the teen retailer posted a bigger-then-expected drop in same-store sales for May. Its stock shed $3.56, or 11.3 percent, to $28.12 in midday trading.” Across Low and High Ends, Retail Sales Fell in May (New York Times) “While there have been early signs of stabilization, including improving consumer

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Burberry to London, M&A steers clear of luxury, Versace contemplates a new future, Aquascutum talks to YGM

Burberry S/S 09 ad campaign, courtesy of Burberry

Burberry Prorsum to show at London Fashion Week (Catwalkingqueen) “Christopher Bailey will bring the label’s 2010 spring collection to town to celebrate the 25th anniversary of LFW and the British Fashion Council. This will be followed by a special event hosted at Burberry’s brand spanking new headquarters.” M&A passes luxury brands by (FT) “The downturn in the luxury goods industry is the worst in

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