Tonight Donatella Versace is unveiling her new Versus Versace JW Anderson line, a capsule collection with a too-wordy name made in collaboration with YBD J.W. Anderson. She is doing so at 9:30 pm, in the form of a concert/party, which feels old-fashioned: very 1980s big top, like when Jean-Paul Gaultier and Thierry Mugler had shows in stadiums, as opposed to recession-restrained. And yet this is, at least strategically, a very new-fangled brand. Essentially, it has been re-built for the on-line world. Read more
I wonder what the luxury world makes of the new French initiative to protect its culture in the digital age by imposing a tax on sales of tablets, smart phones, etc? They, after all, (the luxury folks, that is) have been promoting themselves as a “cultural industry” for the last few years. I mean, the name of their pan-European lobbying group is the European Cultural and Creative Industries Alliance. In case you missed it somehow. Yet as far as I know they don’t benefit from any protectionist legislation, in France anyway. Read more
So the other day I was chatting with Safilo CEO Roberto Vedovotto, trying to get to the root of the explosion in optics – they’re fast catching up to handbags as the super-accessory of choice – when he threw out an interesting theory: it’s the baby boomers, stupid. Read more
One of the more interesting developments this week has been the growing backlash against Monday’s Met Ball, below left, aka the Costume Institute Gala, aka the fashion party of the season. It’s one of the most talked-about, and blogged-about, events of the year, and yet Wednesday Gwyneth Paltrow was quoted by USA Today as saying she was “never going again,” that night I was at a dinner where a beauty mogul, who shall remain unnamed, announced he wasn’t going anymore, and yesterday the wife of a major brand CEO said the same. What’s going on?
The news today that Ottavio Missoni, known as Tai and co-founder of the fashion/knitwear brand that bears his surname, has died aged 92 has sent the fashion world into mourning, for a number of reasons — some personal, and some to do with the end of an idea about fashion itself.
So much for that public image rehab. After the excitement, pro and con, generated by Parson’s announcement that disgraced former Dior designer John Galliano would be teaching a masterclass, they have called the whole thing off. On reflection, I think this is too bad. Not because Mr Galliano necessarily belongs in the classroom, but because I think part of the material for the class – a “candid” discussion about his career — would have been valuable for students. We learn from failure often more than we learn from success, after all. Not to mention public implosion.
Though much has been made of the fact that the luxury sector, which has been on a rocket to the moon, growth-wise, is finally slowing –Bain predicts 4-6% for the next two years – a new “UK Luxury Benchmark Study” from Walpole, the British luxury consortium, and Ledbury Research, begs to differ, at least when it comes to the UK. It’s full of surprises! Read more
Interesting news today that fursales are at “a record high”, especially in the Far East: Korea, China and so on. So does this mean the animal rights folks have lost? They certainly haven’t ceded the cause – they still pop up on occasion in front of a show (Prada, last season) or a store (Burberry), but I think it has proved more complicated than they ever anticipated. Because they aren’t just fighting a basic totem of luxury, and an industry that is increasingly getting out in front of the issue (see the Origin Assured initiative), but the whole problem of seasonality: the end of.
Forget art collaborations – they’re so yesterday. Mobile phones, ditto. These days, it seems, the must-have accessory for a luxury brand (not, note, a luxury consumer) is a gig creating costumes for the ballet. It’s the newest stamp of high-art approval. The latest to join the club: Givenchy’s Riccardo Tisci. So what does it mean? Read more
I had a very illuminating chat yesterday with Jimmy Choo chief executive Pierre Denis. He’s been in the job not quite a year now (previously he was ceo of John Galliano, so you can understand the job change), and has started to articulate the brand’s story going forward. Put simply: it’s history, people. Read more