British fashion veteran Chris Moore is the subject of a new retrospective exhibition at Duke Street Emporium: the concept store that brings British brand Jigsaw, The Shop at Bluebird and Fenandez & Wells together under one roof. The 80-year old fashion photographer, who has been documenting the catwalks since the ’60s, was recently honoured at the British Fashion Awards, receiving a special recognition for his contribution to the industry. Read more
Frida Giannini and Patrizio di Marco of Gucci
Change is in the air at Gucci. Power couple Patrizio di Marco and Frida Giannini are to leave the luxury brand in a joint announcement issued by Kering this morning. Read more
This morning’s news of the appointment of Johnny Coca as the new creative director of Mulberry ends months of speculation at the beleaguered British brand as to its creative future. More than a year since its previous director Emma Hill left, citing “disagreements with management over creative and operational strategy”, the news will be a welcome fillip to the house. The house issued a profits warning in October, with first-half sales down 17 per cent to £64.7m, and shares falling 10.1 per cent to 675p. Read more
Last night, the trailblazers of the British luxury fashion industry gathered at the V&A for the 13th annual Walpole Awards. Held in association with Coutts, the event, attended by key figures from across the British luxury industry and presented by Jodie Kidd, saw 11 brands win awards for everything from digital innovation to international branding.
This year has seen record export successes for British luxury to date: Stella McCartney currently exports to 70 countries, while winner of the emerging luxury brand award, Charlotte Tilbury, broke into the US beauty market last month. “British brands have never been more sought-after on a global scale, spurred on by the wealth of creativity, craftsmanship and talent we have, right here in Britain”, said Michelle Emmerson, who was celebrating her first year as CEO of Walpole. It is estimated that by 2017, the British luxury industry will be worth £12.2 billion. Read more
Sporting a classic trench and cashmere scarf, Romeo Beckham takes a lead role in Burberry’s new festive campaign, unveiled today. Marking the start of the holiday adverts, the campaign, titled ‘From London with Love’, sees Beckham playing a tartan-clad cupid to a young couple (played by new British models Anders Hayward and Hannah Dodds) who take him on a journey through the streets of London to the sounds of British musician Ed Harcourt. Read more
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
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 October The Met will open its doors in New York on a showstopping new exhibition of works which, when given to the museum last April by cosmetics billionaire Leonard Lauder, set the record for the largest single art donation in history.
The 78-strong collection of Cubist masterpieces – which includes 33 Picassos, 17 Braques, 14 Légers and 14 works by Gris – is widely considered the most eminent of its kind in the world. And the price tag? A cool $1.1bn. Read more