Does anyone else feel like suddenly everywhere they turn, another erstwhile satisfied luxury brand is re-christening themselves a “luxury lifestyle” brand, talking about their “global universe” and otherwise attempting to own every aspect of a consumer purse? It’s like The Birds: you see one example circling and think, “oh, that’s interesting,” and the next thing you know the whole flock has obliterated the sky.
But here’s what I want to know: why? And what, exactly, do these brands mean when they attach the word “lifestyle” to themselves? Read more
If there were an Olympic medal for retail (and why not, given the ever-burgeoning sponsorship opportunities?) Stella McCartney would win the first one by a mile.
British athletes, triple jumper Phillips Idowu (L) and heptathlete Jessica Ennis (R) pose with designer Stella McCartney (C) as they unveil the new British Olympic Team GB kit. Getty Images
While the rest of London is complaining about queues at the airport, queues for the tube, and queues for queues, the “Creative Director” of Team GB’s kit is leveraging her moment in the athletic sun far beyond her competitors. Indeed, I’d venture to say a new record has been set that will be a benchmark for years to come. Read more
I am now going to write something I have never written before; something, in fact, I never would have thought it possible I would write. But here goes: OMG – the shoes!
The shoes worn by Valerie Trierweiler, partner of the new French president François Hollande. To be specific, Trierweiler’s towering Yves Saint Laurent platform shoes; her black suede peep-toe Palais pumps, and her brown leather strappy Tributes, the latter being every fashion editor’s favourite pair of shoes thanks to their ability to give you both extreme height and relative comfort, but not anywhere near the type of shoe normally favoured by a First – what?
Prada CEO: “We don’t want to be a brand that nobody wants to copy.” This is a quote from an interview Patrizio Bertelli, aka Mr Prada, gave yesterday to Bloomberg TV, and it is probably going to set off something of a hoo-ha in fashion, which has of late become very publicly litiginous when it comes to copying. Read more
“2% of the population under 30, and 2% of the population under 40 are millionaires who are not being catered to by the men’s knitwear market,” So said Jean-Victor Meyers to me yesterday, explaining his new men’s cashmere business, which aims to change all that. Read more
Introducing the best argument I’ve heard yet about why skinny models are not, actually, ideal selling agents for fashion brands – -and the only one that may actually have some effect on the industry. Read more
Vionnet has gone gaga for Goga.
Today the classic French brand that was relaunched by Matteo Marzotto, the ex-president of Valentino, and Gianni Castiglione, CEO of Marni, three years ago, has just entered “Stage Two” thanks to a majority share purchase by Goga Ashkenazi, a London-based Kazakh businesswoman. Read more
Today is the first day of Green Week, the EU’s biggest eco-conference, and to celebrate it LVMH, the EU’s biggest luxury group (in fact, the world’s) has stepped out and announced it, too , is going green, and is going to, “encourage its more than 90,000 employees to adopt state-of-the-art environmental practices.”
Why is this significant? You ask. As far as I remember, it’s the first time I’ve heard LVMH publicly commit to green goals and assume the green mantle. “Public” being the operative word here. Read more
I mean this title literally: yesterday at the G8 summit, Ms Trierweiler strutted out next the other First Ladies, all in their sensible mid-height heels, in YSL Tribute sandals – the shoe I would characterise as the designer-brand luxury stiletto of the noughties. Do we sense a contradiction here? Read more