Zegna Hires Designer From Saint Laurent to Bolster Brand (NY Times)
"The Italian men’s wear company Ermenegildo Zegna moved on Tuesday to strengthen its core brand and breathe new life into its little-known women’s fashion line by hiring a designer best known for his work at Yves Saint Laurent."
Richemont's Asia bonanza slows, tourists boost Europe (Reuters)
"Richemont, the world's second-largest luxury goods group, said sales growth in Asia had slowed markedly and Europe was now its fastest-growing region, helped by tourist spending and meaning it was keeping its first-half outlook unchanged."
Hermès and LVMH dispute escalates (FT)
"The long-running dispute between two of France’s best-known luxury houses picked up steam on Tuesday after Hermès filed a legal suit relating to LVMH’s purchase of its shares in 2010 and LVMH counter-sued for defamation."
The Trade-offs of Trading Online (The Genteel)
"But times are changing: luxury boutiques are cropping up in malls in cities big and small; high-end labels are offering low-end creations at retailers like Zara, H&M and Topshop; and, little by little, premium boutiques are morphing into sales-churning online shops."
What’s a $4,000 Suit Worth? (NY Times)
"Tailors pose an odd riddle for our current economy. Why can’t a wealthy city — particularly at a time when the rich are doing so well — support a niche business that people are willing to pay for?"