Pandora loses its shine after profits warning (FT)
"Shares in Pandora, best known for the charm bracelets that it sells in 55 countries, fell 65 per cent after it slashed its full-year earnings outlook and parted company with its chief executive less than a year after it came to market in one of the biggest IPOs in Europe in 2010."
Coach profit boosted by sales, margins a concern (Reuters)
“Upscale handbag maker Coach Inc saw margins decline in its fourth quarter, hurt by higher labor costs, sending its shares down in premarket trading on Tuesday, despite earnings that beat analyst expectations… Shares of New York-based Coach have risen 18 percent since the beginning of the year, while the S&P 500 index has climbed just 2.3 percent.”
An Interview with Margareta Van Den Bosch (Huffington Post)
"Since joining Hennes & Mauritz (better known as H&M) in May 1987, this designer has supervised all the collections that reach some 2,000 shops in 38 countries on a daily basis, overseeing the creative direction of a richly diverse and profitable fashion empire that in 2009 alone employed 76,000 people and generated sales worth €13 million."
Colourful characters (FT)
"This summer, risk has moved from the financial world to the fashion world courtesy of “colour-blocking” for men... 'Recent seasons have seen a trend towards austerity in the luxury market because of the economic crisis,' says Elisabetta Canali, communications director at Canali."
Caesar Stovall, Army Medic Turned Givenchy Model (On the Runway)
"Then, in one of those twists of fate that abound in fashion, it was Mr. Stovall, the total unknown, who was chosen. Before he realized what was happening, he was walking a runway in Paris in last month’s men’s wear presentations. He was wearing an olive drab suit reminiscent of his military uniform, except that the bottom half was a skirt."