Today a new report called “Uplifting the earth: the ethical performance of luxury jewellery brands” is being published by Lifeworth Consulting. Authored by Jem Bendell and Ian Doyle, and self-funded, it is geared towards encouraging luxury brands to embrace transparency in regards to their CSR practices by analysing and assessing ten high end brands. More startling, however, is the fact that the report says Chopard, Graff, and Piaget all sell – or say they could sell – rubies from Burma.
If last week saw creative directors playing musical chairs, with Hannah MacGibbon out at Chloe, to be replaced by Pringle’s ex Clare Waight Keller, and Patrick Robinson dumped by the Gap, today it looks like it’s corporate’s turn. British accessory success story Anya Hindmarch has announced a new CEO, its first outside exec ever, in the form of James McArthur, while at Boucheron PPR says Jean-Christophe Bedos is being replaced by Pierre Bouissou, who left as managing director of rival LVMH’s Berluti last year.
I’m interested in the news that Prada has decided to hold its long-postponed IPO in Hong Kong, though not only for the reason everyone else seems to be (namely that it marks the beginning of what will become a flood of western brands listing in HK). Personally, I’m more interested in what this suggests about the Chinese consumer. Read more