Fashion 2.0 | Social Media Reality Check
Tavi Gevinson | Source: Style Rookie NEW YORK, United States — Ever since the dynamic and erudite young fashion blogger Tavi appeared at the runway shows in New York this past September, the fashion industry has partaken in a veritable social media orgy. Article after article rightfully declared the 13 year-old blogger and her talented fashion blogger brothers and sisters — BryanBoy, Susie Bubble and others — the new fashion stars. During New York Fashion Week in September, The N... Read Full Story
BoF Daily Digest | The Business of Gaga, PPR’s planned acquisition spree, Tailoring art direction, Luxury pricing, Steve J and Yoni P
The Business Of Lady Gaga (Forbes) “In the cacophony of the music business, Gaga has broken through the clutter with muzzle velocity, becoming a superstar in scarcely a year. Her first album, The Fame, is the best-selling debut album of 2009. Her single Just Dance has been viewed 87 million times on YouTube. Gaga’s tracks have clocked 20 million downloads this year. One of them, Poker Face, is the most downloaded tune in the history of U.K. digital music.” Heir to Gucci Emp... Read Full Story
BoF Daily Digest | J.Crew’s profit jumps, Flattering Kors, Baugur founder seeks cash, MaxMara’s moment, Naeem Khan for Obama
J. Crew Holiday Gift Guide | Source J. Crew J. Crew more than doubles profit in 3Q (AP) “J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage. The results sent its stock surging in after-hours trading after the retailer beat Wall Street consensus estimates for profit and revenue.” Michael Kors: The fashion designer who fits and flatters (Independent) “The re... Read Full Story
BoF Daily Digest | Banking on Black Friday, Mobile luxury, Sparkling investments, Cerruti pulls up a chair, To be a Gucci
Macy's Thanksgiving Day Parade | Source: mdpNY Slow Month for Retailers, but Strong Finish Is Seen (NY Times) “Major sectors like apparel, luxury goods and jewelry experienced slight sales declines…but retailing analysts said the declines were minor and that many consumers were saving their powder for the day after Thanksgiving, the blowout shopping day known as Black Friday.” Cellphones That Speak Luxury (IHT) “The market for mobile phones is 30 years old, at bes... Read Full Story
BoF Daily Digest | PPR to focus on fashion, Elusive e-commerce, Gucci Indian JV stalls, Ralph in Greenwich, Personalised luxury
Alexander McQueen for Puma | Source: Puma PPR to sell lower-margin retail units (FT) “PPR, the French retail conglomerate headed by billionaire François-Henri Pinault, plans to dispose of retail businesses that generate 70 per cent of group sales to focus on clothing and accessories brands within its luxury Gucci Group and Puma, the sports wear company.” Online Luxury Retail Remains Elusive (Business Week) “There are still some brands that sell absolutely nothing online, sa... Read Full Story
BoF Twitter Poll | Gucci Eyeweb versus Burberry’s Art of the Trench
Gucci Eyeweb versus Burberry Art of the Trench | Source: InFashionMedia LONDON, United Kingdom — In recent weeks, two major luxury fashion brands have taken the plunge and launched social networks built around their brands and products. It’s not a new idea by any means, and indeed I wrote a piece on this very idea for the Financial Times almost two years ago. But, that doesn’t make it any less notable because, as far as I can tell, it is the first time top fashion brands have use... Read Full Story
BoF Daily Digest | Burberry enters Indian JV, PVH raises outlook, Burkle for Barneys, Gap profits rise , Techno-designing
Burberry Autumn/Winter 09 | Source: Burberry
Burberry Autumn/Winter 09 | Source: Burberry Burberry targets India’s brand-aware middle class (Times) “Burberry, the British luxury brand, is poised to enter a joint venture to expand its presence in India, a market in which the ultra-rich are thriving because of a soaring stock market.” Phillips-Van Heusen 3Q profit up, raises outlook (AP) “Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit... Read Full Story
BoF Daily Digest | Luxury goes social, Bridging the Zac, Slim inventory, Jimmy Choo’s risky strategy, The illusion of brand control
Gucci Facebook Page | Source: Facebook
Gucci Facebook Page | Source: Facebook Luxury Brands and the Case for $4,000 Sunglasses (NYT) “Imran Amed, who runs a Web site called The Business of Fashion, said that two years ago, when he started urging big luxury brands to embrace social networking as a communications tool, executives of these companies told him the idea was ’stupid.’ He is getting a lot less of that these days.” Zac Posen’s New Venture (WWD) “Z Spoke is a new vocabulary for Posen, ... Read Full Story
CEO Talk | Pierre Mallevays, Founder and Managing Partner, Savigny Partners
Pierre Mallevays of Savigny Partners | Source: Savigny Partners Today, BoF brings you an exclusive interview with a key adviser to the private family trust which, as announced today, made an investment in Lanvin, one of the hottest fashion brands in the world. PARIS, France — Over the past few years, under the creative stewardship of industry darling Alber Elbaz, Lanvin has risen to heights that most fashion brands can only dream of, with nearly unanimous positive reviews from buyers and edi... Read Full Story
BoF Daily Digest | Techno Luxury, Saks’ surprise, Asia’s youthful consumer, Sophie Theallet wins CFDA, Marant breaks out
Bryanboy with Domenico Dolce and Stefano Gabbana | Source: Bryanboy Luxury Firms Move to Make Web Work for Them (NYT) “The luxury goods industry, struggling through a recession that has threatened some well-known names with extinction, is trying to cast off the kid gloves that have hampered its efforts to get a grip on technology.” Saks beats Street with surprise profit, shares up (Reuters) “Upscale U.S. department store operator Saks Inc reported a quarterly profit that b... Read Full Story