Shane Gabier and Chris Peters of Creatures of the Wind told BoF how they managed to do what every emerging fashion label aims for, but very few actually achieve: find an investor with valuable business know-how and a proven track record, without having to compromise their creative freedom.
The China Edit is a weekly curation of the most important must-read fashion business news and analysis from and about the world’s largest luxury market.
The CFDA and Vogue announced today that Fashion’s Night Out is going on a “hiatus” in the United States. It was fun while it lasted, but like any overheated romance, it had to come to an end.
British Fashion Gets a Web Dynamo (IHT) “This month Natalie Massenet, the founder of Net-a-Porter and Internet guru to the fashion world, will throw her might behind London Fashion Week. As the newly appointed chairman of the British Fashion Council, she will use her power to promote designers not in their traditional role as funky and cool, but as major players in a global arena.” Carlyle, KKR among Maje, Sandro
Berlin’s Ku’Damm in Style as West Draws Hip Shops (Business Week) “The decision by fashion brands such as Hermes and Louis Vuitton to focus on west Berlin has shifted attention away from Friedrichstrasse, the eastern strip that attracted most retail investment after the fall of the Berlin Wall in 1989.” Hong Kong retail: as the rich go to Paris, the rest go mid-market (FT) “The very wealthy Chinese appear to be
Coach handbag sales take hit, stock slumps (Reuters) “Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.” And Precisely So (NY Times) “The designers are learning to use the extraordinary skills of a couture atelier to be more self-critical
Anna Wintour: beneath the bob (Telegraph) “Straight-backed, un-upholstered, and cast of tempered steel – the chair from which Anna Wintour commands American Vogue looks every bit as uncompromising as its owner’s reputation. Yet once sat upon, Wintour’s editor’s chair proves a revelation: it’s rather comfortable.” Emerald miner Gemfields buys Fabergé (FT) “Fabergé, the luxury
Always in Fashion (NY Times) “Of course, Ms. Coddington’s frankness and profanity, as well as her differences from her boss, are precisely what first endeared her to a mass audience three years ago, when she emerged as the unexpected breakout star of R. J. Cutler’s documentary about Vogue, ‘The September Issue.’” PPR CEO upbeat on luxury goods market (USA Today) “As chairman and CEO of luxury empire
Nike sells Umbro brand to Iconix (FT) “Iconix Brand Group has agreed to buy Nike’s Umbro sports apparel and footwear unit for $225m in cash, marking the fashion brand’s second deal with the US sportswear group.” Accessible Luxury Brands Ride China’s Middle-Class Wave (Jing Daily) “As the battle rages on between high-end and high-street brands in mainland China and Hong Kong, one ongoing trend to watch is the
Asia calls time on Swiss watches (FT) “Swiss watch exports fell in September for the first time in almost three years as demand from consumers in Asia dropped sharply, raising questions about the immediate prospects of Europe’s luxury goods companies.” A Garment District With Some Big Ideas (NY Times) “What to do about Manhattan’s shrinking garment district has been a point of debate among designers and their