http://www.businessoffashion.com The Business of Fashion is the daily must-read for fashion creatives, business professionals and entrepreneurs in more than 150 countries around the world. Fri, 06 Nov 2009 11:47:32 +0000 http://backend.userland.com/rss092 en [caption id="attachment_7937" align="alignnone" width="499" caption="Escada Store, Berlin | Source: Luxuo"][/caption] Megha Mittal to buy luxury fashion house Escada (Reuters) "'Today the insolvency administrator of ESCADA AG signed a sale and transfer agreement with one of the Mittal Family Trusts,' the company said in a statement late on Thursday after the preliminary creditors' ... http://www.businessoffashion.com/2009/11/bof-daily-digest-mittal-saves-escada-victoria%e2%80%99s-secret-to-europe-upmarket-ebay-asia-boosts-hermes-chanel-goes-to-court.html [caption id="attachment_7899" align="alignnone" width="500" caption="Versace Mini Cabriolet gearshift detail | Source: Cartype"][/caption] Restructuring Luxury at Versace (NY Times) "I am a survivor,” the designer Donatella Versace said matter-of-factly during a recent blitz of New York, a visit that made it appear little had changed in the world of the occupationally fabulous." Escada sells ... http://www.businessoffashion.com/2009/11/bof-daily-digest-restructuring-versace-escada-sells-primera-matthews-menswear-homegrown-luxury-fashion-rebellion-in-karachi.html [caption id="attachment_7854" align="alignnone" width="500" caption="Escada Autumn/Winter 09 | Source: Escada"][/caption] A fashion coup (NY Post) "There is a new player in the international bidding war for a European luxury brand. The owner of Faconnable has emerged as one of the buyers likely to scoop German fashion house Escada out of bankruptcy." Luxury ... http://www.businessoffashion.com/2009/11/bof-daily-digest-escada-bidding-heats-up-languishing-malls-in-brazil-valentino-finds-balance-japanese-luxe-hms-secret-weapon.html [caption id="attachment_7836" align="alignnone" width="500" caption="Hugo by Hugo Boss Autumn/Winter 09 | Source: Hugo Boss"][/caption] Hugo Boss European sales fall 13 percent (Drapers) "Total European sales at Hugo Boss fell 13% to €852m (£766m) over the first nine months of 2009 as the brand and retailer was hit by a turbulent northern European ... http://www.businessoffashion.com/2009/11/bof-daily-digest-hugo-boss-down-uk-retail-fights-back-lulus-asian-expansion-prada-shortens-layoffs-bfc-vogue-fashion-fund.html [caption id="attachment_7795" align="alignnone" width="499" caption="Saks Designer Sale Advert | Source: Saks"] [/caption] Even Luxe Buyers Expect Discounts (Adweek) "We examine some other aspects of the luxury-buyer mind-set, including attitudes toward discounting and brands' use of the Internet, as well as the post-recession outlook." The New Must-Have Accessory (WSJ) "Amid a recession that's clobbering ... http://www.businessoffashion.com/2009/11/bof-daily-digest-luxury-reconditioning-iphone-apps-abound-topshops-us-success-consumer-confidence-rises-edun%e2%80%99s-great-hope.html [caption id="attachment_7728" align="alignnone" width="500" caption="Louis Vuitton Store, Plaza 66, Shanghai | Source: fashionphile"][/caption] French luxury preens on website in China (AFP) "France's creme de la creme luxury firms, hit by a drop in sales on traditional markets, on Thursday launched a China charm offensive, with a 3D website that gives a peek ... http://www.businessoffashion.com/2009/10/bof-daily-digest-comite-colbert-in-china-denims-bubble-bursts-saks-discounts-online-luxottica-optimistic-entrepreneurs-forge-ahead.html [caption id="attachment_7643" align="alignnone" width="500" caption="Versace Atelier Autumn/Winter 09 | Source: Versace"][/caption] Versace Cuts a Fourth of Its Work Force (NY Times) "Versace Group, the fashion house based in Milan, said Wednesday that it would cut 26 percent of its worldwide work force and consolidate its operations as it targeted a return to ... http://www.businessoffashion.com/2009/10/bof-daily-digest-versace-slashes-workforce-fashion%e2%80%99s-second-night-out-tillman-buys-koodos-chinese-fashion-sjp-and-westwood.html [caption id="attachment_7616" align="alignnone" width="457" caption="Rue La La Out of the Box | Source: Rue La La"][/caption] Software Maker Buying Web Fashion Discounter (NY Times) "GSI Commerce, which manages the Web sites for major retailers like ToysRUs.com and Zales, announced on Tuesday that it was buying Rue La La, a Boston start-up, in ... http://www.businessoffashion.com/2009/10/bof-daily-digest-rue-la-la-sold-armanis-succession-planning-hilfiger-retail-up-tpg%e2%80%99s-cool-debenhams-profit-tisci-talks.html [caption id="attachment_7555" align="alignnone" width="500" caption="Westfield Mall in White City | Source: Architecture Revived"][/caption] How Westfield won us over (Independent) "When the Australian property giant, the Westfield Group, opened its shining, £1.7bn retail cathedral in Shepherd's Bush, West London, on 30 October 2008, its timing could not have been worse...One year later and ... http://www.businessoffashion.com/2009/10/bof-daily-digest-westfield-one-year-later-boutiques-shutter-rents-rise-bottegas-bounty-anthropologie-makes-european-debut.html [caption id="attachment_7542" align="alignnone" width="500" caption="Benetton Autumn/Winter 09 | Source: Benetton"][/caption] Benetton's Faded Colors (Time) "Benetton, which had sales last year of about $3 billion, hasn't gone away. The ads for its United Colors of Benetton stores are tamer and its growth less stellar, but even in middle age — the brand turned ... http://www.businessoffashion.com/2009/10/bof-daily-digest-benetton%e2%80%99s-middle-age-shifting-luxe-behaviour-valuing-brands-john-lewis-thrives-online-crowdsourcing-fashion.html