Where Are the Women? (Style.com)
"On the eve of the Costume Institute's exhibition celebrating two pioneering female talents—Elsa Schiaparelli and Miuccia Prada—Nicole Phelps asks why there aren't more successful young women designers in New York."
LVMH Skips European Austerity Raising Prices for Chinese (Bloomberg)
"Chinese tourists traveling to Europe to take advantage of savings as much as 50 percent on designer clothes and accessories are finding fewer bargains. LVMH and its peers are raising prices to make up for lost business in China and lower profitability outside the country."
DLF to exit luxury brands business (Economic Times)
" Less than a fortnight after ending its joint venture with Giorgio Armani, DLF said it is in the process of breaking its partnership with another Italian luxury brand Salvatore Ferragamo as part of a move to exit luxury brands business."
HBC in talks to bring Bloomingdale’s to Canada (Globe and Mail)
"Hudson’s Bay Co. is in talks with New York-based Bloomingdale’s to bring the luxury department store to Canada. The move to provide space to Bloomingdale's as a 'store within a store' would represent a pre-emptive strike on the part of HBC chief executive officer Richard Baker, who is aiming to grab a bigger piece of the high-end fashion retail market before other foreign players arrive."
A Seamless Transition From Fashion to Art (NY Times)
"In 2004 the fashion designer Helmut Lang, at the peak of his fame, sold the remaining shares of his label to Prada, which already owned the rest, and a few months later quit the fashion business altogether... He then set about reinventing himself as a visual artist, a process that his friend Mark Fletcher, a private art dealer and adviser, likens to slow food, something that can’t be hurried."