Wintour Calls for French Fashion Stimulus (WSJ)
"In between fashion shows Monday, Anna Wintour, the influential editor-in-chief of Vogue magazine, told French officials that the country doesn't do enough to support its fashion sector... Ms. Wintour encouraged the French government to provide more backing for young designers."
Luxottica Q4 sales down, optimistic on 2010 (Reuters)
"Luxottica, the world's biggest premium eyewear company, said 2010 would mark a 'return to 'normal' for the maker of Prada and Ray-Ban sunglasses, resulting in growing sales, a more than proportional increase in margins and 'an appreciable reduction' in the ratio of net debt to earnings before interest, taxes, depreciation and amortization."
As recession stops splurges, luxury retailers retool (Boston Globe)
"Wyman is emblematic of the “aspirational shoppers’’ - middle-class consumers with luxury tastes - who have disappeared during the Great Recession. Their newfound frugality has contributed to an estimated 16 percent plunge in luxury spending over the past year."
Dior: Hand of History (IHT)
"That feeling of a film fading or a fairy tale ending has never seemed so powerful and elegiac at this fashion house as it did after the poetic parade that John Galliano sent out on Monday."
Sarah Brown and Naomi Campbell join forces to help Haiti (In Style)
"The Prime Minister’s wife together with supermodels, Naomi Campbell, Yasmin Le Bon and Erin O’Connor have got together to raise money for earthquake victims."