Just as her former Presidential First rival is inaugurated as the face of Bulgari, Valerie Trierweiler, current First Partner of France, also upped her lux ante, appearing during Bastille day ceremonies not just in a bright pink ensemble, but with a Christian Dior bag – one with little dangling C and D charms no less. Check it out by her feet, left. These things in these situations don’t happen just by-the-by. So what do we make of this? Read more
We all know that part of Steve Jobs’ genius was taking the rules of fashion and applying them to technology, be it the importance of must-have seasonal design, or gadgets that are actually accessories, and hence identity totems. As Michel Kors pointed out to me recently, however, fashion has never exactly turned the tables; it hasn’t figured out what it should absorb from Apple. Well, today BCG is publishing a paper that suggests things might be changing. They have pinpointed a lesson. And they want the luxury world to learn it.
So Havas Media got back to me with the rankings of the Top 50 meaningful global brands (you may remember, no luxury brand made the top 25), and guess what? We finally see some luxury names. Even more interesting, however, is the geographic breakdown of where those luxury names appear – and the fact that all that ubiquity conventional wisdom has is bad for luxury may actually help make it meaningful to more.
Lew Frankfort, CEO of Coach. Getty Images
Today the Harvard Business Review has come out with a new ranking of the 100 best-performing chief executives around the world, as measured by shareholder returns and growth of market capital over their leadership tenure, and guess what? Despite all that ballyhoo about the absolutely extraordinary unprecedented growth of the luxury market, etc, etc, only three luxury CEOs actually make the list. Oops.
But who are these unmasked men? (They are all men.) Lew Frankfort, CEO of Coach, who leads the industry pack by a wide margin at number 21 – the only luxury name in the top 50 (by standard definition); Sidney Toledano of Dior, at 68; and Patrick Thomas, CEO of Hermès, who is retiring this year, who comes in at 72. Chapeau, guys. Read more
Recently I was talking to James Carsellis, the entrepreneur behind web start-up Luxup, and he mentioned the theory that Europe was becoming a luxury goods Disneyland for emerging market consumers. You know: a place where the entertainment value/point lies in shopping for expensive stuff. I don’t think the comparison is that far-fetched.
Today WWD heralded LVMH supreme Bernard Arnault as their Man of the Year, thanks to his Bulgari deal; relaunch of a new leather house (Moynat); shake-up of his exec ranks; and willingness to let Dior be designer-less until he found the right person to replace John Galliano – who was fired in March. Generally, I agree with their choice, mostly because of Arnault’s smarts in taking advantage of other luxury brands’ scardey-cat timidity in the face of economic crisis (they see consumer slowdown; he sees opportunity to grab market share). My only question is about Dior. I think this is becoming a problem.
The Dior third quarter 2011 results are in and, contrary to what everyone predicted back in March when Dior designer John Galliano was fired for saying bad stuff, they are good. In fact, they are very good. What do we make of this? The conclusions, it seems to me, are pretty obvious.
Dior handbag. Image by Vanessa Friedman.
Forget the sense of nostalgia and farewell that pervaded Marc Jacobs’ sugar-sweet Louis Vuitton show, the clothes full of couture constructions as if an audition for a couture house; something happened yesterday at Christian Dior that had a very MJ-feel.
To be specific: the brand unveiled a new collaboration with the German artist Anselm Reyle that will be in-store for a limited time from January until March, and involved pop art-like neon camouflage and metallics on the famous Miss Dior bag, as well as little flats and wedges, some bangles, and even a makeup line. Read more
For everyone who was super-hyper-over-excited about the recent rumours, sparked this weekend by a report in the IHT, that Jil Sander’s Raf Simons was going to take over for Stefano Pilati at Yves Saint Laurent – well, Paul Deneuve, the chief executive of YSL, just told me it wasn’t true. Read more