Bali blogs. Competition. Dissertation. International Retailing. Visual Merchandising. Digital Marketing, Branding and PR. Buying and Merchandising. Fashion Business Context. Balance and Equality Trends (Key Drivers) Making Marc Jacobs. He was also headstrong, often fighting with faculty members who looked to conventional Seventh Avenue brands — Calvin Klein, Donna Karan, Ralph Lauren — for inspiration.
Jacobs wasn't interested in tradition, instead committing himself to streetwear that was at once casual and luxurious. He was on to something. Upon graduation in 1984, Jacobs began to rack up awards, including several from the Council of Fashion Designers of America, who named him the youngest-ever recipient of the Perry Ellis Award for New Fashion Talent. Three decades later, the reign of Marc Jacobs is far from over. He has become the most influential American designer of his generation, responsible for dusting off an old heritage brand (Louis Vuitton) and turning his namesake label into a global powerhouse (Marc Jacobs's revenue reached $950 million last year, according to financial intelligence group PrivCo). Marc Jacobs with models backstage at Louis Vuitton. Jacobs in his studio, 1989. Jacobs with Robert Duffy. 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. “The global economic environment is still volatile and recent instability in Asia has not helped ease the situation,” Prada said. Chanel Profit Beats Rivals and Makes Owners $3B Richer.
PARIS, France — The billionaire brothers who own Chanel have become almost $3 billion wealthier this year after the iconic luxury company reported a 38 percent rise in annual profit.
Alain and Gerard Wertheimer each have $11.8 billion fortunes and are the sixth and seventh-richest people in France, according to the Bloomberg Billionaires Index. Almost all of their fortunes stem from their stake in Chanel, which reported 2014 revenue of $7.5 billion and net income of $1.4 billion. Chanel International BV files the closely held company's global financial results with Kamer van Koophandel, the Dutch chamber of commerce.
Net profit for the five publicly traded companies the index uses to value Chanel — Prada, Kering, LVMH, L'Oreal and Estee Lauder — was down a collective 6 percent in their 2014 fiscal years. The Wertheimers' fortunes have risen 13 percent since January 2014, ranking then among the world's 100 richest people. Why Live Streaming Is the Future of Fashion Week. Ever since IMG, which owns NYFW, began streaming shows in 2011, viewers have been tuning in in droves.
"Streaming has become an important part of how consumers understand brands," says Matt Edelman, IMG's head of digital operations and marketing solutions. "It gives designers remarkable reach to audiences and helps build trust. It also generates a unique way to excite them beyond in-person experiences. " Years ago, Fashion Week was a private, exclusive event open only to those who worked with or wore the collections — store buyers, fashion editors, top clients, the occasional celebrity. Paper invites were sent out, and access was granted just to the names on guest lists. Photo: Vittorio Zunino Celotto/Getty Images "Fashion has always been a closed, elitist industry, and shows used to be for a very small percentage of people," notes Kelly Cutrone, founder of PR firm People's Revolution. "The stream is totally worth it to us," says Plenge. However, the costs are considerable. Apple embraces its future as a very expensive luxury brand.