Sense and Sensibility (IHT) “A new generation has grown up in Paris, without the bright, white light turned on those who are promoted — and then often deflated — by the big brands. Sense and sensibility are the key words for these creative souls who prefer to offer the wearable and affordable collections that resonate with women. They are for a world where wardrobes and lifestyles demand a reality check.” Fashion
PPR Signs Letter of Intent With Yoox for Online Luxury Venture (Bloomberg) “PPR signed a non-binding letter of intent with Yoox SpA, an Italian online fashion retailer, to set up an e-commerce venture for PPR’s luxury brands. PPR plans to have more than 1 billion euros ($1.25 billion) of sales online by 2020.” Fashion house Versace may seek outside investors (Reuters) “Italian family-owned fashion house Versace may seek
In the Spotlight’s Glare (NY Times) “Much of what has been written about Mr. Elbaz on the occasion of his 10th anniversary as the designer of Lanvin, a milestone that normally might merit a mention somewhere near the classifieds, could illustrate what is a rare example in the catty fashion industry of the Buddhist concept of mudita, or taking pleasure in another person’s good fortune. These days, everyone seems to love him,
A Magical Pilgrim’s Path (IHT) “In the sensible world of New York fashion, Marc Jacobs stands alone on fantasy island. And this season, he played his role as agent provocateur and psychoanalyst of style to the ultimate degree.” LVMH’s PE arm buys 8 pct of Fabindia (Reuters) “L Capital, the private equity arm of LVMH, the world’s biggest luxury goods group, has bought the 8 percent stake held by
David Beckham Fetes H&M Launch in London (WWD) “It takes an unusual amount of sex appeal for a man to make a pair of long johns look good — and David Beckham has pulled it off. After serving as the face and body for Armani Underwear, Beckham decided to develop his own range together with his business partner and manager, the entertainment mogul Simon Fuller.” Yoox Chief Marchetti Raises Stake, Forecasts Strong U.S.