Vuitton CEO surprise, Web only no more, Instagram outrage, Vice buys i-D, Posen on Project Runway

Louis Vuitton Autumn/Winter 2012 | Source: Louis Vuitton

LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last

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Right direction, BCBG struggle, Behind the catwalk, Big Bucks at NYFW, Sarah Mower on London’s rise

Derek Lam Autumn/Winter 2012 | Source: NY Times

Things Turn in the Right Direction (NY Times) “As if by agreement, or maybe decree by the empress herself, Diane Von Furstenberg, the dreariness that had settled over the first days of the fall shows vanished on Sunday with collections full of great clothes in vibrant colors… Zac Posen also sent out a good collection, rich in color, though stuck in a lady-as-a-vamp time warp.” BCBG’s Off-the-Runway Struggles (WSJ)

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The Fashion Trail | Holon Fashion Week

Design Museum Holon | Photo: Meir Bar Asher

TEL AVIV, Israel — For people who live smack dab in the middle of the world’s most politically charged region, Israelis are a very warm and welcoming bunch, keen to show a side of the country that doesn’t make it into most international news reports. As is true for most places in the world, in order to understand Israel and its people, one really needs to visit the country and experience it first hand. So, I was extremely fortunate

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The Hermès culture, Marc and Vuitton, Sickness spreads in Cambodia H&M factory, Back to the 70s, Zac’s back

Hermès silk printing table by Brigitte Lacomb | Source: WSJ

The Battle for Hermès (WSJ) “‘My job,’ says the lean, formal 44-year-old and sixth-generation descendant of the company’s founder, ‘is to keep the strong creativity of Hermès alive. To nourish the rigor and the vision . . . to make these values vibrate. ‘This,’ he says, ‘is the force of Hermès.’ Those values—the dedication to rigor, vision and creativity—are what set Hermès

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The Fashion Trail | BoF Breakfast Club

BoF Breakfast Club at Norwood Club | Photo: Drew Innis

NEW YORK, United States — When I first met Rachel Shechtman at a Harvard Business School luxury goods conference back in 2007, we quickly learned that we had much in common. Since then, we have made a point of meeting for breakfast to catch-up and discuss the state of the industry whenever work brings me to New York City. It got us to thinking. With the non-stop madness of the fashion business, many of us don’t make the time

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A profitable Posen, Boutique by Jaeger, Anya Hindmarch for Barbour, Saillard looks back, Primark overvalued?

Zac Posen and his designs | Source: Refinery 29

Mom, I’ll Make a Profit Soon (WSJ) “Mrs. Posen has been pressing for more attention to the commercial side—as opposed to the artistic side—of fashion. The company has added new lines, shed expenses and employees, and even moved some production from Italy to China to save money.” Jaeger targets younger shoppers (FT) “Boutique by Jaeger aims to compete with high street stores such as Whistles, Reiss and All

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Zac Posen redux, Polo Ralph Lauren warns of Asia hit, Burani insolvency, W Hotels fashion fix, Kell on earth

Zac Posen Backstage | Source: NY Times

The Trials of a Former Boy Wonder (NY Times) “There was a time when brashness was a refreshing change in New York fashion, which had been dominated by a handful of aging mega-brands until Mr. Posen planted his flag in the biggest, most expensive tent in Bryant Park. But his extravagant success came so quickly…  that his setbacks echo all the more loudly.” Polo Ralph Lauren profit rises as it warns of Asia hit

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Alligators and exotics, Black Friday ahead, Selfridges’ centenary profits, Zac Posen on Target, Comité Colbert grows

As Sales Vanish, Skins Stay on Alligators (NY Times) “If alligator is still popular but is simply unaffordable… why are thousands of the reptiles sitting unwanted in Louisiana? And why have prices for the raw product dropped so low? He says Hermès is hoarding the skins, forcing other fashion houses to pay dearly and leaving the farmers with few other options.” US shoppers discount driven on Black Friday (Drapers)

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Luxury goes social, Bridging the Zac, Slim inventory, Jimmy Choo’s risky strategy, The illusion of brand control

Gucci Facebook page | Source: Facebook

Luxury Brands and the Case for $4,000 Sunglasses (IHT) “Imran Amed, who runs a Web site called The Business of Fashion, said that two years ago, when he started urging big luxury brands to embrace social networking as a communications tool, executives of these companies told him the idea was ‘stupid.’ He is getting a lot less of that these days.” Zac Posen’s New Venture (WWD) “Z Spoke is a new

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Friday Column | Whither or Wither Luxury?

Prada men's spring 2009 campaign photographed by Hedi Slimane, courtesy of Prada

LONDON, United Kingdom — At the Luxury Briefing Conference held in London last month, Claire Kent, former Morgan Stanley analyst and current luxury goods consultant, spelled out her thoughts for the future of luxury. “Regardless of the credit crunch there was growing fatigue about luxury brands,” she said. “People want a redefinition of luxury. People don’t want to be buying the same brands as the people

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Breaking news: Valentino is calling it quits

Following his blowout 3-day fashion fiesta in Rome earlier this summer, WWD is reporting today that Valentino and his longtime business partner, Giancarlo Giammetti, will both step down from their positions at Valentino after this season. Finally, the fashion industry's rampant speculation about Valentino's future role in the post-Permira world will come to an end. But, this will only make more room for the other question on everyone's lips: Who will replace Mr. Valentino? Zac Posen and the designers behind Proenza Schouler (which was recently injected with $3.7m of funding from Valentino Fashion Group) are amongst the names being tossed around. Over at Fashion Inc the money is on Proenza Schouler. Others are saying that Alessandra Fachinetti, the former womenswear…

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