Last night, appearing on stage to celebrate her husband’s next four years as President, Michelle Obama did something interesting: she wore an old dress. Specifically, she wore a burgundy Michael Kors brocade dress she has worn TWICE — count ‘em — before. Given the amount of attention her clothes get, and what her choices can do for a designer, this was a clear statement about a desire to move the conversation. We’ve talked about this dress already, after all. Now let’s talk about what not getting a new dress means.
Last night in their last ditch rallies, both Ann Romney and Michelle Obama, first-ladies-in-waiting, demonstrated interesting differences in cover-up style. I am not talking about political subterfuge. I’m talking about coats.
Has anyone else notice the bizarre and unending proliferation of super-size shoe departments at megastores everywhere? Today Selfridges unveiled its new gigantic men’s footwear floor, trumpeting it as “the largest men shoe department in the world:” over 15,000 square feet and 250 brands. Yoiks! This follows the recent creation of the “world’s largest woman’s shoe floor” at Macy’s NY, a whopping 39,000 square feet; last summer’s reveal of Barneys new unisex shoe floor, which is 40% bigger than its last piddly pair of shoe departments; and Saks’ addition of 7,000 square feet of women’s shoe space to its existing shoe department. Call me Scrooge, but this doesn’t make a lot of sense to me.
Today PPR announced, in one of the terser emails I’ve gotten, that they had mutually decided to part ways with uber-designer, fashion favourite, and more superlatives like that, Nicholas Ghesquiere. November 30th will be his last day. So what do we think happened?
So all those rumours were true, and a jewellery house was in play — just not the one everyone thought. Today Georg Jensen, the Danish luxury lifestyle brand and silver experts, announced they had been sold by PE firm Axcel to Investcorp in a $140 million deal. I think this is an event with significance beyond its size. Why? Well, the acquisition confirms two industry trends, and has implications for a variety of current theories surrounding the future of luxury.
Whoever wins the American presidential race next Tuesday, one thing is certain: he will accept his election in a single-breasted dark suit, white shirt and (it’s 99 per cent sure) red or blue tie. How do we know this?
Just as luxury brands across the board, from Mulberry to Louis Vuitton to Zegna, start acknowledging the slowdown in sales in China, the erstwhile engine in luxury’s global growth, another emerging market has – well, emerged, to take its place. Enter India! According to a very interesting podcast from Euromonitor, the growing number of high net worth individuals on the subcontinent, combined with new government regulations and Bollywood, are creating perfect storm conditions for luxury. Yet I don’t really feel blown away.
This is not a trick question. The English supermodel and the American President have, however, adopted a similar approach to dressing.