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Daily news
December 5, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup
“Michael Kors Holdings Ltd., the luxury-clothing company, is seeking to raise as much as $792.3 million in a U.S. initial public offering as the company’s founder and the biggest investor trim their stakes.” (Bloomberg)

“As the luxury and fashion sector enters the critical holiday shopping period on the back of strong results for the first half of the year, there are growing signs that executives are worried about what the future holds for the luxury market in 2012.” (BoF)
“Instead of the static exhibitions in brick-and-mortar museums so familiar to fashion icons, the Valentino duo has used immersive 3-D technology to present archives spanning 50 years, including nearly 100 fashion shows on video, 5,000 dresses, the original working sketches from the designer’s hand and photographs of the clothes, the celebrities who wore them and a vision of the world of Valentino.” (New York Times)

“Suzy Menkes, the fashion editor of the International Herald Tribune, talks to designer Diane Von Furstenberg at the IHT luxury conference in Brazil about how she built her global brand.” (Jessica Michault)
Daily news
December 2, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“In today’s fashion world of corporate ownership, design by committee and mass production and sales, Belgian designer Dries Van Noten is an anomaly. Since he launched his brand in 1985, the 53-year-old Van Noten has lived and worked in Antwerp, avoiding the fashion capitals circuit except for his shows in Paris.” (WSJ)

“So far, betting on upscale retailers has proved to be a wise strategy, but a disappointing forecast from Tiffany’s could mean future growth will be harder to find.” (MSN Money)

“David Carey, president of magazine publisher Hearst Corp, expects the company will have more than 1 million paying digital subscribers by the end of 2012.” (Mashable)

“China’s booming luxury goods market means even the fashion industry’s flagship publication is working flat out to keep pace.” (Forbes)

Daily news
December 1, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“The actual Art Basel Vernissage didn’t open until Wednesday, but by Tuesday there was already a palpable feeling around town of the noisy return of the Battle of the Brands.” (WSJ)

“This afternoon, Italy’s fashion chamber, the Camera Nazionale della Moda Italiana, issued its latest proposal with regard to the Fashion Week Scheduling Scandal of 2011.” (WSJ)

“It’s not every day that you get to meet a CEO who oversees a fashion brand which does more than $7 billion in sales at retail. Indeed, Calvin Klein is one of the most successful American fashion businesses of the last 25 years. But the Calvin Klein business is markedly different from many of its peers (particularly those based in Europe) in that it is almost entirely a licensing business…” (BoF)

“In L2’s inaugural Digital IQ: Magazines, released July of this year, we note The Economist’s “smashing infographics,” “adroit YouTube videos,” and remarkable social media prowess on Facebook, Twitter, and Tumblr.” (L2)

Daily news
November 30, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“U.S. retail sales during Thanksgiving weekend climbed 16 percent to a record, as shoppers flocked to stores earlier and spent more, according to the National Retail Federation.” (Bloomberg)

“Newspapers were once a tool for advertising or selling products to consumers.” (India Retailing)

“People are pissed at the 1 percent. Will the super-rich learn to restrain their excesses? Don’t bet on it.” (The Daily Beast)

“Just as the fabric’s lightness appeals to sportsmen, its colorfulness, lack of fur and relative inexpensiveness has made it, in a word, trendy.” (New York Times)

Daily news
November 30, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“Now the Burch brand is facing a puzzling retail riposte from her ex-husband, J. Christopher Burch…he is opening a series of stores named C. Wonder that mirror Tory’s preppy style: go-to-hell colors, nautical flourishes, trim but conservative cuts. It’s unclear whether this is an amicable homage or a hostile takeover.” (New York Times)

“Luxury-goods maker Prada SpA warned that demand for its high-priced goods isn’t immune to a possible economic downturn as the firm reported a 75% rise in third-quarter net profit on robust Asian demand.” (WSJ)

“Concerns about slowing sales momentum took some of the luster off Tiffany & Co’s (TIF.N) stock amid signs that European and U.S. economic distress are weighing on luxury consumers, and shares fell 9 percent.” (Reuters)

“H&M has announced that its next designer collaboration collection will be with Italian brand Marni.” (The Appointment)

Daily news
November 23, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“The old Co-Op was the Grand Central Terminal of aspirational retail, a scrum of high and low, luxe and ham-handed hip. It was as close as Barneys got to a glam shopping experience, and it could be blinding. But there’s little remarkable about the new Co-Op space…” (New York Times)

“Every fashion designer, they say, is an architect manque, intent on imposing a structure on the human form, especially in a season filled with Art Deco design.” (New York Times)
“Over the next 20 years, some $25 trillion will be passed to women through divorce, death of spouse or inheritance. They already make up just under half of the nation’s millionaires. Combined with their growing earning and wealth-creation power, women may account for up for two thirds of the nation’s wealth by 2030.” (WSJ)
“To promote its software and consulting services, I.B.M. announced that its computer analysis of “billions of social media posts” pointed to a downward trend in heel heights.” (New York Times)
Daily news
November 22, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup
“Of all the performer’s covers, this Visionaire production, with its photograph of a slinky, shimmering mermaid Gaga with a tar-covered fish tail, has to be the most flamboyant. The magazine is two meters high and 1.5 meters wide, or 6 feet high and 4.8 feet wide.” (New York Times)
“Today, Style.com learned that Vukmirovic has been named the creative director for Boon the Shop, Korea’s pioneering multibrand retailer.” (Style)
“The Humane Society says Barneys, Neiman Marcus, Gilt, Revolve Clothing, Yoox and other online retailers have listed real fur apparel as faux fur on their websites.  The non-profit animal protection agency sent the garments for laboratory testing to identify the fur on garments from brands including Woolrich, Mackage, Stuart Weitzman, and Marc by Marc.” (WSJ)
“Online luxury clothing retailer Gilt Groupe plans to launch an initial public offering, late next year or possibly in 2013. ” (Reuters)
Daily news
November 21, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“By shortening lead times, planning production in advance, and using other lean manufacturing techniques, fashion brands may be able to get product to consumers more quickly. But these kinds of structural changes could take years to implement, especially as many fashion brands do not control the means of production.” (BoF)

Carine Roitfeld, “France’s fashion doyenne on Russian novels, why the English are so cool, and how to dress your age. (The Telegraph)

“Saks Fifth Avenue is making a major push to get closer to its customers. The upscale retailer today unveils its redesigned Saks POV Web site, featuring richer editorial content, such as designer profiles, coverage of brands carried at the store and lifestyle pieces highlighting the coolest restaurants, exhibits and cultural events.” (WWD)

“Fabergé, the upmarket jewellery company, has opened its first shop in London for nearly 100 years, with the cheapest item on sale a £4,200 pair of earrings.” (The Telegraph)

Daily news
November 18, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“It has been described as a heist, the fashion crime of the season: that the spring 2012 collection had been stolen.” (New York Times)

“PPR’s stable of luxe fashion houses and sportswear labels are following the lead of the firm’s Puma brand and will calculate the costs associated with their environmental impacts to create a green profit and loss assessment for key company lines.” (Green Biz)

“Clicks continued to gain on bricks in the third quarter as additional sales migrated online.” (WWD)

Camilla Skovgaard’s “designs are more rebellious than reserved, more dangerous than dainty, and since launching her eponymous collection in 2007, she has gained recognition across the fashion industry for her aggressive, architectural collections.” (WSJ)

Daily news
November 17, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“Maybe one of the reasons people can be so dismissive about Victoria Beckham‘s various forays into the fashion industry don’t have so much to do with the fact that she’s a celebrity as they do with the fact that they’ve never heard her talk about running a business. Because when that happens, it sounds like Posh Spice knows exactly what she’s doing.” (Styleite)

“Facebook crunches data to woo big brand advertisers from television.” (Forbes)

“More than a decade since Target first popularized collaborations between high-end designers and mass retailers, and seven years since H&M introduced a collection with Karl Lagerfeld, there is still allure in the concept of cheap and chic.” (New York Times)

“Vena Cava, the label designed by indie fashion darlings Sophie Buhai and Lisa Mayock, might shutter.” (Fashionista)