Ralph Lauren: Five decades of signature styles - BBC News. Ralph Lauren: Five decades of signature styles - BBC News. Giorgio Armani Wont Sell Company While He Is Alive. Menu View main navigation News View all News gallery Photos in Armani: Company Won't Be Sold While I Am Alive history View your history News Tuesday 29th Sept Monday 28th Sept Friday 25th Sept Thursday 24th Sept Wednesday 23rd Sept Tuesday 22nd Sept Tuesday 29th Sept Tuesday 29th Sept Monday 28th Sept Friday 25th Sept Thursday 24th Sept Wednesday 23rd Sept Tuesday 22nd Sept Use arrows below or keyboard arrows to navigate through images Next Previous Your Vogue history Loading...
Ralph Lauren to step down as CEO of his fashion house. Prada Profit Falls Less Than Expected as Cost Cuts Balance Asia. PARIS, France — Prada SpA reported first-half profit that beat analysts’ estimates as efforts to contain costs helped mitigate declining sales in Asia.
Net income fell 23 percent to 188.6 million euros ($213 million) in the six months through July, Milan-based Prada said Tuesday in a statement. Analysts predicted 175.4 million euros, according to the median of six estimates compiled by Bloomberg. Too many new stores and not enough new products have hurt Prada as demand for luxury goods slows in greater China following a clampdown on extravagance. In a bid to reignite sales and reverse a slump in its share price, the company introduced the Inside bag in July, with prices starting at about 2,000 euros.
Prada has also slowed this year’s expansion, pledging to open about half the number of stores it did last year. Burberry Becomes First Fashion Brand to Launch Apple Music Channel. LONDON, United Kingdom — UK luxury-goods maker Burberry Group Plc introduced a channel on Apple Inc.’s music service in the latest example of the fashion and technology industries coming together.
The channel will showcase Burberry’s collaborations with emerging and iconic British talent including Lilla Vargen and Alison Moyet, and feature performances, songs and films alongside regular playlists, the London-based company said Tuesday in a statement. The partnership with Apple is the latest in a series of initiatives by the trenchcoat maker to widen its influence and reinforce its image as a purveyor of cool. Subscribers to Apple Music will be able to follow Burberry and gain access to musical updates and behind-the-scenes stories. Fans will also be able to comment or share the content via messages, Facebook, Twitter and email, Burberry said. Reinventing Gucci. MILAN, Italy — In December 2014, Marco Bizzarri was settling into a new role as head of the Luxury Couture & Leather Goods division of Kering, overseeing a group of prestigious brands including Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Stella McCartney, and Brioni.
A rising star in the luxury group’s executive ranks, the 53-year-old had already proved his mettle in driving business growth — particularly at Bottega Veneta, where annual revenues soared from €400 million to more than €1 billion under his watch. Prior to that he worked closely with Stella McCartney, whose business he brought to profitability. His new role was seen as recognition of these successes, and an opportunity to guide the development of several of Kering ’s brands, as opposed to operating one business directly. Apple embraces high-fashion luxury in a way the masses can't afford. Luxury brands must redefine the way they do business.
There were times when China was the holy grail for global retailers.
Logo-obsessed Chinese buyers seeking opulence were armed with cash fresh from the economic boom. Luxury retail brands flocked to the new market, with the result of 35% of sales for brands such as Omega, Harry Winston and Balmain coming from Greater China, according to estimates by Exane BNP Paribas. The region is responsible for a whooping 25% of sales at Burberry and 20% of sales at Prada. The strategy of growth by opening stores in emerging and existing markets is neither new nor unique to luxury retail. Forget fashion shops: how designers embraced art exhibitions. In October 2000 the Guggenheim Museum in New York opened a major retrospective of the work of Giorgio Armani.
The previous year Armani had become a benefactor of the museum, with an amount rumoured to be $15m. The museum denied that the exhibition of about 400 Armani garments was a result of the designer’s generous “gift”, but the exhibition, which went on tour to the Guggenheim in Bilbao as well as the Royal Academy in London, sparked some cynicism. Fifteen years later, single-brand exhibitions have become commonplace. Alexander McQueen: Savage Beauty, which was created with the cooperation of the fashion house itself, in partnership with Swarovski and supported by American Express, was the V&A’s blockbuster hit this year, with more than 493,000 visitors.
Yves Saint Laurent Has Been Accused of Copying: Is the Role of Creative Director's Changing? Saint Laurent, under the creative direction of Hedi Slimane has just been accused of copying the fast fashion retailer forever21, highlighting a burgeoning problem in the business of fashion that creative directors are far more removed from the creative process than we think.
High-street brands like Forever 21 are accustomed to finding themselves associated with copying, but now the shoe is on the other foot and high fashion is getting its ideas from the high street, after fashion blogger and Marie Claire contributing editor Nicolette Mason noticed a lipstick print dress in the Saint Laurent's Fall/Winter 2015 collection almost identical to a dress from Forever21, the first to sell the lipstick dress design a few years back. FOREVER 21 (RIGHT) SAINT LAURENT, Net-a-porter.com (LEFT) Why does India struggle to produce luxury brands? - BBC News. Image copyright Chandon In a dark, stylish bar in Mumbai's historic Colaba district, the city's well-heeled locals and expats mingle.
The soundtrack is chatter, lively jazz through speakers and the popping of corks. But it is not French champagne that is being poured.