Luxury 360

After months of hype and incessant drum-rolling, the recipient of the inaugural LVMH Young Designer Prize was announced in Paris today – and rather refreshingly, its not who I would have expected.

The winner? Canadian-born, London-based Thomas Tait.

Who, I hear you ask?

Well you’ll certainly be hearing more from him from now on, after some of the fashion world’s biggest names decided he was the worthiest young designer out of an incredibly strong shortlist of a dozen international names and some very stiff wider competition. Read more

Since the financial crisis left them shaking in their Cleverley bespoke shoes and Christian Louboutin heels, bankers say they have started dressing for work more casually.

Some 59 per cent of bankers said their colleagues dressed less smartly than in 2009, with just under half of respondents saying that colleagues did not wear ties to the office, according to an FT poll of 135 bankers in response to the news that Savile Row tailors were feeling the effects of US tax crackdown. Read more

Despite the economic slowdown recently felt across much of the region, all eyes continue to be fixed firmly upon Asia Pacific, still considered to be the hothouse of luxury industry growth over the next decade: Euromonitor expects sales of goods within the region to hit $125bn by 2018, a spike of 45 per cent.

Recent public plutzing by the industry over the state of China’s softening sales last year now appears to be abating, as the dip proves a short-term bump in the long-term road.

 Read more

 

 Read more

It’s almost a cliché now that you wait years for a fashion film and then two come along at once. It happened with two Chanel films in 2009, and now this year two YSL biopics are going head to head.

First up is Yves Saint Laurent which opens in the UK on Friday. Starring Pierre Niney as Saint Laurent, it’s the one that has the co-operation of the designer’s long-term boyfriend and civil partner Pierre Bergé, and director Jalil Lespert was therefore able to work with the Pierre Bergé-Saint Laurent Foundation. And the other? Saint Laurent, set for release in October and directed by Bertrand Bonello, has been backed by François Henri-Pinault, head of Kering, which has OK’d use of the fashion house’s logo and designs. Bergé has slammed the project on Twitter and said he wants to ban it. Read more

L’Wren Scott, the celebrated American fashion designer, has been found dead in New York after committing suicide, police sources confirmed on Monday.

The 49-year old launched her haute namesake brand – renowned for its understated, womanly elegance – in 2006, after earlier forays into the industry first as a teenage model then later as a highly sought after Hollywood stylist. Her glamorous, alpha woman designs had most recently found a home on the London Fashion Week calendar, orbited by her make-up, fragrance and accessories partnerships with some of the biggest names in fashion. Read more

Much drumroll comes around the world from China, where Chinese Vogue is celebrating its 100th issue (left), which also happens to be its first “all-Chinese” issue — by which they appear to mean all-Chinese models and subjects issue, as it was also all shot by Mario Testino, who is, of course, Brazilian. Still, it’s interesting, both for the content, and for the sheer fact that for 100 issues it hadn’t happened. I mean, the magazine was founded in 2005. What took them so long? Before you say “why do we, who do not necessarily read Chinese Vogue, care?” I offer you this: the advent of the all-China Chinese Vogue is less about China itself than about the relationship between China and Western fashion, and where exactly the balance of power lies. Read more