ACRONYM GLOSSARY:

YUPPIE – ‘Young urban professional’

HENRYs – ‘High-earning not rich yet’ individuals

DINKs – ‘Dual-income, no kids’ couples

YUMMY – ‘Young urban male’

IWWIWWIWI – ‘I want what I want when I want it’

For dedicated followers of fashion, there’s a new acronym in town.

After the YUPPIE, HENRYs, IWWIWWIWIs and DINKs comes the YUMMY. Young, Urban and Male. Three reasons for the industry to rejoice, according to HSBC analysts Erwan Rambourg, Antoine Belge and Cathy Chao.

The YUMMY is riding to the rescue of the luxury industry which is reeling from a slowdown in its traditional markets, economic gloom in Europe and negative foreign exchange swings for mostly European businesses, according to HSBC. 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

Interesting news from Google HQ today: the announcement of an operating system called Android Wear that will extend the Android platform to – yup, you guessed it – wearables.

The eyes of the fashion and luxury worlds will be particularly drawn to the news, given the focus of Google’s attentions has landed squarely on what they term “the most familiar of all wearables” – the wrist watch.

The ‘smart watches’ that use Android Wear will be able to offer a range of snazzy apps and functions, including:

  • Information from social media, messaging, shopping and news providers
  • Straight answers to spoken questions (let’s face it, not light years away from Apple’s Siri)
  • The ability to monitor health and fitness with summaries and alerts
  • Multiscreen portal potential

All very savvy – and to some extent predictable – given the recent stress placed by industry observers on devices having genuine function and utility over form if there is ever to be true mass adoption by consumers.

But when it comes to mega-trends, aesthetics – and perhaps recognizable hallmarks when traversing into the great unknown that is digital jewellery – remain vital too. 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

During the penultimate day of the Paris ready-to-wear collections, just before the Alexander McQueen show, was an event that, given the circumstances, might strike many as odd.

So Ferrari-Land is coming to Europe: the car company run by the impeccable Luca Cordero di Montezemolo (left), a one-time maybe-possible candidate for Italian Prime Minister in the pre-Renzi days, has decided to open its signature theme park in Barcelona. It already has one in Abu Dhabi that, Mr Montezemolo told me once, is astonishingly successful. I am sure this one will be a major draw too, up there with Legoland and Euro-Disney. But what I don’t understand is how they square it with Mr Montezemolo’s recent statement in the FT, explaining his decision to reduce production to up quality, that: ““Exclusivity for me is the most important thing.”  Read more

And now the LVMH young designer prize finalists are out! It’s been a big week for prize announcements, what with the CFDA and now this. In fact, it’s kind of instructive to look at the two together, because it underscores how global fashion has become – and the problems that arise when you try to think of it in the national context. Think how much more fun it would be if everyone could be considered for “womenswear designer of the year” or “accessory designer of the year.” Now that would be really interesting!

Nominations please. Read more

OK, yes, as readers may know it has been a bit of a busy morning for me (more on that later), but in the meantime, I have been thinking about fashion news of the day NOT made by me, especially last night’s CFDA nominations revelations. They’re interesting. Really – I kid you not. Yes, it’s a bit of the same old same old, but here’s the thing about the current same olds: they are younger – significantly so – than the past same olds. Read more

There’s an interesting report in the FT today about declining sales of China’s local-brand cars, and it’s got me thinking about the benefits and problems of “national” brands – which is to say, not state-owned brands, but rather the perceptions surrounding the name of a country, ie its own brand, when attached to product, and the way this can work for and against manufacturers. Blame it on the Made in Italy and Made in France strategy the luxury industry so cannily implemented back in the day (a recent BCG/Altagamma/Sanford Bernstein Global Consumer Insight study found a whopping 80% of consumers think “Made in is key”) but seems to me, when it comes to consumers, products don’t just have to be good, they have to somehow come to grips with national stereotype, and either neuter it or exploit it. But what they can’t do is ignore it. Read more

Much to-do over the weekend at SXSW following Google SVP of Android, Chrome & Apps Sundar Pichai’s announcement that they were about to release a software development kit for wearables, so that your clothes could talk to Android devices. Immediate speculation on motives followed. They were looking to corner the market by owning the common platform! They were going to make more wearables of their own (Well, duh)! It was sneaky and smart strategy! But here’s what I was thinking, reading about all this: there is enormous fashion potential here, if they want to seize it. Read more