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
Today’s announcement that Burberry CEO Angela Ahrendts was leaving (mid-next year) to become Apple’s head of retail, and current Chief Creative Officer/designer Christopher Bailey was taking her place while retaining his design responsibilities has the potential to change not just fashion but tech, and the inter-relationship between the two. Hyperbole? I don’t think so. Consider the Butterfly effect: Read more
BusinessInsider.com has just jumped on the fashion list bandwagon along with Vanity Fair, Time, Bazaar, Vogue, and so on, adding their own special twist to the form with a “list of who determines what’s cool in America.” That being “designers, celebrities, journalists, stylists, and executives vying for influence.” Sounds good; demonstrates they don’t understand the fashion world at all.
Luxury brands from PPR to LVMH may be announcing more banner results this month, but according to a new report from UK luxury consultancy Ledbury Research, their CEOs are probably a lot more worried about the industry’s prospects in 2012 than they are letting on. Read more
Tonight, Tamara Mellon is being honoured by the Elton John Foundation at their 9th annual “Enduring Vision” benefit, for having raised $3.5 million for the charity. It’s a big deal. Still, as much as I admire Ms Mellon’s accomplishment, as I mull over her appearance this evening and consider the piece in today’s FT about the fact women have made surprisingly few incursions into contemporary boardrooms, I can’t help thinking that in many ways, her real pioneering achievement has to do less with monies raised (where she’s successful, but not singular) and more to do with, well, appearance. Specifically, challenging accepted ideas of how a female member of the c-suite needs to appear. Read more
The Vanity Fair New Establishment 100 list has just been unveiled, and its criteria for picking “the 100 most influential” are increasingly impenetrable. Read more