The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The renowned couturier, who built a multi-million-dollar fashion house best known for its use of butterfly motifs, earning her the nickname “Madame Butterfly,” died on August 11, aged 96.
Born in rural Japan, Mori studied literature in Tokyo before turning her hand to fashion design. She founded her label in 1951 in a country still shattered by war, establishing a unique point of view by fusing Eastern and Western traditions. Mori later relocated to Paris where she became the first Asian designer to join the Chambre Syndicale de la Haute Couture in 1977. She retired after presenting her final collection in 2004.
Over the years, Mori’s creations have been worn by private clients, including Nancy Reagan, Grace Kelly and current Japanese empress Masako, who chose a Hanae Mori gown for her wedding to then-Crown Prince Naruhito in 1993.
This week, more luxury brands will report first-quarter results, offering clues as to how broad and how deep the downturn is going to get.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.