Daily Archives: November 20, 2013

Yesterday, in one of the more oblique resignations I’ve ever seen, designer Ann Demeulemeester announced she was leaving the brand Ann Demeulemeester, which she founded in 1986. She left a handwritten note, structured kind of like a poem, which I’m going to reproduce in full because – well, because I’ve never seen anything like it. In both its form and the fact that no one saw this coming, it makes for a pretty stark contrast with the gossip-ridden whispers and conspiracy theories that have recently surrounded other changes of designer.  Read more

Could Loro Piana, the Italian cashmere casual wear brand beloved by wealthy Russians, point a way forward for a renewal of the luxury conglomerates LVMH, Kering and Richemont?

From weakening sales at Louis Vuitton, to a miss by Gucci in its third quarter sales and the under performance of the soft luxury brands – Dunhill, Lancel and Shanghai Tang – at Richemont, all point to the need for a change of strategy at the luxury industry’s bellwether holding companies.

But Mario Ortelli, analyst at Bernstein, in a fascinating note argues that the mega deal struck by the Loro Piana family with Bernard Arnault at LVMH in July could pave the way to a broader shake up. Read more