Versace loses CEO, Lanvin posts profit, Portfolio.com returns, New Look’s new front man

Donatella Versace and Giancarlo di Risio, courtesy of the Wall Street Journal

Bucked by Designer, Versace CEO Eyes Exit (WSJ) “Gianni Versace SpA Chief Executive Giancarlo Di Risio is expected to resign, a person familiar with the matter said, after months of clashes with lead designer Donatella Versace over how to cut costs at the Italian fashion house.” Lanvin Posts Profit, Sales Gain 29 Percent (WWD) “Lanvin, fueled by the creativity of Alber Elbaz, can face the economic crisis “in

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Luxury’s breaking point, Versace’s loss, Blass hires, Topshop goes West, Richemont revives

Luxury’s Breaking Point (CNBC European Business) “MasterCard SpendingPulse reported luxury goods was the worst hit category in the final two months of 2008, with year-on year sales nosediving 34% between 1 November and 24 December in the US.”  Versace Profits Fall 30 Percent (WWD) Versace feels the effects of the downturn with a 30 percent decrease in net profits. (Subscription required) Bill Blass is Hiring

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IHT Supreme Luxury: Interview with Donatella Versace

Every 6 months during the fashion weeks held in New York, London, Milan and Paris, fashionistas grab the International Herald Tribune each morning and skip straight to the Style section to see what Suzy Menkes has said about the collections. It's a running joke that fashion people buy the IHT, read Suzy's reviews, and throw the rest of the newspaper out. This does not speak to the poor quality of journalism in the IHT, but rather to the high level of respect accorded to Ms. Menkes. Quite simply, there is no other fashion critic like her. This week, Suzy is hosting the annual IHT luxury conference in Moscow, with keynote speakers like Bernard Arnault, Tom Ford and Yves Carcelle of…

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