Céline: Dressing for a Balanced Life (IHT)
"Three exceptional designers took masculine tailoring as a base for a new female elegance that owes nothing to frills and furbelows. On Sunday, as Phoebe Philo stood, heavily pregnant, to greet a hand-picked audience for what was not more than a Céline showroom collection put on models, it was hard not to think of her as the leading protagonist for this new woman."
Neiman profit nearly doubles on luxury sales spike (Reuters)
"Neiman Marcus Group Inc reported a higher quarterly profit on Friday as high-end shoppers snapped up more of the luxury department store operator's expensive designer dresses, shoes and handbags during the holiday period."
Chanel, Michael Kors Scoring More 'Aspirational' Shoppers (Huffington Post)
"Industry insiders have noticed a comeback of what they call 'aspirational shoppers' -- those women and men who spend big chunks of their incomes on bags, watches, gadgets and other status symbols. Armed with credit cards, they’re charging 'affordable' luxury brands like Michael Kors."
Fashion Outpost Nasty Gal Raises $9M From Index Ventures (TechCrunch)
"LA-based online fashion outlet Nasty Gal has raised $9 million from Index Ventures, after being sought after by almost every VC in the Valley and beyond. Why was the startup so popular you ask? Well not many small businesses made $28 million in revenue in 2011, for one."
Dark secret behind fashion for celebrity front rows (Telegraph)
"Knowing that they can generate publicity by having a star photographed on the front row of a show, some fashion houses or their public relations agents will pay tens of thousands of pounds for an appearance."