Across Asia, an Engine of Growth for Luxury Firms (IHT)
"Europe is struggling to contain a spiraling debt crisis, the U.S. economy is beset with high unemployment, and emerging Asian economies are growing less rapidly. But none of this is killing off Asian shoppers’ taste for luxury goods. Companies like Burberry, Hugo Boss and Prada have continued to strike an upbeat tone on Asia in recent weeks, despite the havoc that debt woes in the euro zone have wreaked on investor sentiment."
Luxury giants battle it out in menswear (Reuters)
"Buoyant demand for luxury menswear, driven by China's male-dominated market, has prompted big industry players such as LVMH and PPR to step up their investments in the fast-growing market. Consultancy Bain & Co estimates the luxury menswear market, which makes up 40 percent of the global market, is worth 180 billion euros ($240 billion) and growing at about 14 percent a year, nearly double that of luxury womenswear at 8 percent."
Indian Fashion Expands Online (NY Times)
"Last June, the Web site Exclusively.in debuted in the United States with much fanfare. The concept seemed promising: Indians and Indophiles stateside could choose from a range of India-style clothing, art and home furnishings in a flash-sale format similar to Gilt.com’s... Now its founder and chief executive, Sunjay Guleria, is going back to the drawing board."
Vogue’s New Archive Site Costs $1,575 for a Yearly Subscription (The Cut)
"Vogue's much-hyped archive website goes live today, and as promised, it contains every single page from every issue dating back to the magazine's American debut in 1892... However, accessing the archive is not quite so simple: For now, it's only available via subscription through WGSN... And an individual subscription costs a whopping $1,575 per year."
Mencyclopaedia: Oliver Spencer (Telegraph)
"Spencer, now 43 and this month pipped to the British Fashion Award for best menswear designer by Kim Jones (of Louis Vuitton), was born in Coventry and started in the rag-trade selling second hand clothes on Portobello Road... His eponymous label, started in 2002, is the downstairs to Favourbrook's up."