Emanuel Ungaro fitting a model | Source: NY Times
The Fall of the House of Ungaro (NY Times)
“Ungaro was losing roughly $15 million a year, and [the Ferragamos] signaled to their bankers to look for a buyer. Abdullah was the only serious buyer who turned up. That was in 2005, and as you probably guessed, he had no experience in fashion.”
Barneys Appoints New CEO (Market Watch)
“Barneys New York, the luxury retailer, with the support of its shareholder Istithmar World, today announces the...Read Full Story
Lanvin Mens Trainers Spring/Summer 2010 | Source: Nondivision
Luxury brands are looking to trainers for new business (Independent)
“Designer denim used to be the go-to strategy of luxury labels to lure in new customers, but now it seems as if trainers are the new jeans.”
Neiman Marcus CEO Tansky to Retire (WSJ)
“Neiman Marcus Group Inc. said Chief Executive Burton Tansky will retire in October, stepping down just as the luxury-goods department-store chain begins to recover from the brutal...Read Full Story
Couture Scavenger Hunt!
Neiman Marcus has just announced its first ever interactive mobile challenge with SCVNGR, the social game that makes players go places, completing challenges and earn great rewards. The promotion runs through April 10th, 2011 at all 41 Neiman Marcus locations.
“We are delighted to introduce this new mobile challenge and are excited about engaging our customer in-store. The partnership with SCVNGR is a sample of the mobile and digital based customer programs we hope to...Read Full Story
Karen Katz, President and Chief Executive Officer of Neiman Marcus, Inc., announced today that Michael R. Kingston would be joining the company, April 23, as Senior Vice President, Chief Information Officer of The Neiman Marcus Group. Mr. Kingston succeeds Phillip Maxwell, who earlier this month announced his retirement.Read Full Story
Upscale consumers are shopping again, albeit more cautiously than they were before the recession, Neiman Marcus CEO Burt Tansky said during a conference call this week. "The aspirational customer is a little more comfortable than a year ago. That customer was hit hard a year ago and vacated our stores, and we've been working hard to bring them back," he said.Read Full Story