There has been a recent slew of big-name brand entrants to the $90bn beauty sector, all keen to capitalize on designer star power in order to score soaring sales via the most accessibly priced luxury products on the market.
It makes commercial sense – a pyramid-style business model where a luxury collection at the “pinnacle” rests on a base of less expensive diffusion lines and offerings that provide the bulk of a company’s profits. Lipsticks, mascaras and fragrances are the lucrative entry point upon which to target the aspirational consumer, building up an appreciation of a brand and its heritage that increases over time – and possibly alongside a budding bank balance. Read more
Jean Paul Gaultier, the revered French designer and one-time enfant terrible of the 1980s fashion scene, has announced that his September 27 ready-to-wear collection, set to show during Paris Fashion Week, will be his last.
Mr Gaultier said that he will be shuttering his accessories, mens and womenswear lines later this year in order to focus on his couture collection and fragrances business, adding:
“Commercial constraints, as well as the frenetic pace of collections don’t leave any freedom, nor the necessary time to find fresh ideas and to innovate. This is a new beginning, I will be able to express again my creativity fully and without constraints.”
Proof that Apple was pitching its new Watch as its first official foray into style accessories was made evident during New York Fashion Week by the absence of several famous industry faces from the front rows.
The seasons may change, but this line-up does not. So the Silicon Valley tech giant scored a major coup by luring dozens of top fashion media power players and bloggers to its launch gala on Tuesday, including Alexandra Shulman, editor of British Vogue (below).
One of the liveliest debates exercising the fashion world focuses on a suit. No, not the patchwork denim tuxedo modelled by Katy Perry’s new beau Riff Raff at the VMA awards last weekend. Nor the his ’n’ his black-lapelled ensembles worn by Woody Harrelson and Matthew McConaughey to present at the Emmys. Instead, a most ferocious debate has been unleashed by Mikey Dickerson and his decision not to wear one at all.
This September's Vogue Italia cover © VOGUE
Quite what the collective noun for models might be is debatable (a symmetry? A perfection?). But we should find one, because model gangs are owning the September issues. Read more
Katy Perry in Versace at the MTV Video Music Awards © gettyimages
Two of the biggest events in the Hollywood calendar took place in LA last weekend, the MTV Video Music Awards and the Primetime Emmy Awards. And with it two red carpets to gaze upon. From Katy Perry’s denim homage to Britney (circa 2001 at the MTV Video Music Awards) to Claire Danes’ scarlet woman, we look at the top trends: Read more
The luxury M&A rumour mill has gone into overdrive yet again amid reports that LVMH is looking to acquire a minority stake in bright young New York fashion brand Proenza Schouler.
Although the terms of any potential deal have not been disclosed, people familiar with the situation said that LVMH was looking to take as much as 40 per cent in the label, which was founded in 2002 by designer duo Jack McCollough and Lazaro Hernandez.
Proenza Schouler’s current group of investors is spearheaded by Theory supremo Andrew Rosen and John Howard of Irving Place Capital, also the powerhouses behind cult contemporary label Rag & Bone. Read more
In recent weeks, Facebook, Instagram and Twitter feeds the world over have been awash with videos of triumphant participants taking part in the “Ice Bucket Challenge”, a stunt in which an individual has – you guessed it – a bucket of icy water dumped over their heads, all in the name of charity.
The hook that’s taken this viral is the subsequent nomination of others to take on the challenge within 24 hours, or to donate $100 to the ALS Association, raising both awareness and cash for amyotrophic lateral sclerosis, more commonly known Lou Gehrig’s disease. Read more