Luxury goods

There’s an interesting note on Francois-Henri Pinault’s official bio page on the Kering website – after a the usual title/school/professional background stuff, the last line is “He takes a personal and professional interest in sustainability and the development of e-business.” It’s the last bit that struck me, given that yesterday M Pinault, through his holding company Artemis, became a meaningful investor in Square, the mobile payments company started by Twitter guy Jack Dorsey. M Pinault was staying mum about the private share purchase, but it makes sense to me on many levels, besides the obvious one above. And I think may hint at some tantalising possibilities for the future. Read more

If there is any doubt that menswear is now the Next Big Hope of luxury, let that be put to rest by last night’s Golden Globes. This morning, waking up as one does to the quazillion emails from brands trumpeting their celebrity “gets,” I was struck – as if by a 10-foot-pole – by how bigged up the men were. This can mean but one thing: glossy fashion brands, historically known more for their womenswear than menswear, are putting even more marketing muscle behind growing the male side of the business.  Read more

Following Vogue (“The September Issue”), Gucci (“The Director”), Bergdorf Goodman (“Scatter my Ashes at Bergdorf’s”), and Kate Moss (Paris Premiere’s upcoming “Looking for Kate”, which airs this Sunday), the latest fashion/luxury brand to get the documentary treatment will be Tiffany’s. Matthew Miele, who wrote and directed “Bergdorf’s” is at work on a full-length, fully authorised, documentary about the company, starting back in the day. Anyone else feel their trend-spotting bells a-ringing? Read more

So the rumours were true, and Stacey Cartwright, the ex-Burberry CFO who left that brand last February, has landed at Harvey Nichols as CEO. She’ll start next month. Goody. After all, Ms Cartwright’s appointment underscores two important trends in the fashion industry: first, the action in the department store world, where the fight for consumer attention and wallets is escalating to new heights; and second, the rise of the female executive in a world that, ironically, has long been run by men. Read more

And so it has finally come to pass: a tech company has partnered with a design name to create a wearable product. Hallelujah. Took ‘em long enough. The pioneering duo is Intel and Opening Ceremony, aka the designers Humberto Leon and Carol Lim (left, with Justin Beiber), who own trend-setting stores by the same name and are also the designers behind Kenzo, the LVMH-owned brand that is moving into the contemporary space, and had its first show at New York Fashion Week last season. They will work together to create a “smart bracelet” (new word alert!), which will be sold exclusively at Barney’s NY – or so they announced at CES. When exactly it will be sold, and what it will look like, as well as what it will do and how much it will cost, is unclear, but hey: it’s a start. According to one insider, it will be effectively a bracelet that has communication functions. Beam me up, Scottie! Read more

As this is my last post of the year I thought I’d leave you with a few ideas about the five main thing I’m going to be watching in 2014, and where the action might be (aside from the already well-documented worlds of M&A and IPOs), from store wars to legal battles, consumer behaviour and designers that will make the difference. Read on! Read more

Whoopee: the very fun holiday game of “Who’s Going to Buy Who Next Year?” has officially begun with a launch entry from Bernstein Research, an arm of AllianceBernstein. And what are they thinking? Watches. Watches and jewellery galore. Read more

Delphine Arnault, aka the woman who is doing all that designer wooing/moving at LVMH (think Nicolas Ghesquiere to Vuitton, and J.W. Anderson to Loewe), is not the only tall, blonde, smart daughter of a luxury brand founder to be making an impact on the creative side of luxury; now Virginie Courtin-Clarins, aka the granddaughter of the founder of beauty group Clarins, aka the new Director of Development, Marketing and Communications of Mugler Fashion, has just announced the appointment of David Koma as Artistic Director. Like Mr Anderson, Mr Koma is part of the new wave of Hot Young British designers. And like Ms Arnault, Ms Courtin-Clarins, who is in her late 20s, is part of a new generation of luxury scions entering the business and reshaping their brands. Read more

No, that is not a type in the title. A new paper recently landed on my desk from a New York consultancy called Open Mind Strategy that introduces what may be the best acronym I’ve ever heard for one of the biggest trends driving fashion/luxury right now: IWWIWWIWI – aka “”I want what I want when I want it.” It’s certainly the longest. Still, get comfortable saying it ten times fast, because I’m telling you: this is the wave of the future.  Read more

Pity the poor luxury CEO in Francois Hollande’s France: no sooner is your wife speaking to a foreign real estate agent than the rumour mill is rife with speculation that you are about to flee the country (and maybe all those proposed wealth taxes), and set up home somewhere else. What else to conclude from the recent furore over the sight of actress Salma Hayek, aka Mrs Francois-Henri Pinault, aka wife of the CEO of Kering, the second largest French luxury group, lunching with a UK broker earlier this week? Read more