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Erdem wins BFC Fashion Fund, Chinese brands, Harrods not for sale, Ungaro saga continues, British invasion

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  • BoF Team

Flower dressing: why Erdem is a winner (Times)
"Meet Erdem, candidate for the title of World's Most Modest Designer — no, really — and, I can reveal today, winner of the first British Fashion Council andVogue Designer Fund... In the end, we decided that Erdem had it all: creativity, the potential for longevity and a well-thought-out strategy."

The rise of Chinese luxury brands (CNN)
"Mainland Chinese tourists queue outside Chanel, clear the shelves at Louis Vuitton, and show off their latest purchases at Cartier, Gucci, or Ferragamo. They're also buying designs of Chinese fashion label Shanghai Tang. Company CEO Raphael le Masne de Chermont told me ever since the Beijing Olympics in 2008, wealthy Chinese have been flocking to his stores."

Al Fayed closes the door on Gulf advances for Harrods (Mail Online)
"Harrods' owner Mohamed Al Fayed brought the shutters down on potential suitors after rebuffing the advances of a wealthy Gulf investor, thought to be Qatar Holdings. The iconic Knightsbridge retailer insisted it is 'not for sale', but would not confirm or deny that any bid talks had taken place."

Ungaro boss offers ex-Valentino chief 75 percent stake in fashion house (NY Post)
"Asim Abdullah -- a San Francisco-based software developer who bought Ungaro in 2005 despite knowing little about the industry -- met with baby-faced fashion mogul Marzotto in recent weeks in a bid to unload a 75-percent stake in the label, according to sources close to the situation."

British designers cause a stir at Vogue party (Telegraph)
"The pinch-us sensation began last year, when Sarah Brown threw her second reception in a row for London Fashion Week at No 10, ... Now that they make beautifully crafted British products that the best stores in the world hang alongside Lanvin, Balmain, Céline and YSL, designer fashion is finally beginning to win respect and political recognition as a serious exporter."

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