A few final thoughts on the last weird development of the week, which is to say: LVMH’s first planned IPO of one of their brands. It’s been rather overshadowed by the news of Twitter’s IPO, which granted, is a more immediate offering, but does anyone else find the Marc Jacobs listing drumroll as odd a development as I do? After all, LVMH has NEVER – let’s repeat that – NEVER, listed a brand they own before. Read more
You know something is up when all the talk runway-side at a fashion show is about how a brand is NOT doing an IPO.
The Facebook listing has tech companies everywhere flirting with Wall Street (latest under discussion: etailer Gilt Group), but Michael Kors’ blockbuster public offering of last year, which saw his company attain a market capitalisation of $6.41bn, has not had the same effect on his fashion peers. Or so the folks at Tory Burch, whose a/w collection bowed this morning, might lead one to believe. Read more
Looking back over 2011, which I am currently doing for a Christmas Eve column, I’ve been struck by the fact that one trend dominates all others by a significant margin, having held true from last March through year end: the IPO. Read more