So yet another Brit has landed atop a fashion brand, adding fuel to the idea that London is having a moment not seen since its Cool Britannia heyday. Coach, the billion-plus American accessible luxury handbag line that is in the process of trying to become a “lifestyle brand” (like, dare I say it, every other brand on the planet), has announced that they have poached Stuart Vevers (below) from Loewe, the LVMH-owned Spanish leather house, to be its new executive creative director. Start date still TBD. But ooooooh, already the implications are huge!
Today is the first day of Green Week, the EU’s biggest eco-conference, and to celebrate it LVMH, the EU’s biggest luxury group (in fact, the world’s) has stepped out and announced it, too , is going green, and is going to, “encourage its more than 90,000 employees to adopt state-of-the-art environmental practices.”
Why is this significant? You ask. As far as I remember, it’s the first time I’ve heard LVMH publicly commit to green goals and assume the green mantle. “Public” being the operative word here. Read more
I just learned something interesting: the made-to-order line is actually the biggest part of Loewe‘s clothing business. Granted, clothing as a category is only about 20 per cent of sales – the rest is leathergoods: handbags etc – but it’s still a notable fact.
Why? Well, if one were looking for, say, ad-hoc proof that consumers are still very interested in spending money on luxury goods, but they want to do so: 1) in privacy; 2) with discretion; and 3) on items with tangible value, well, this is the info you need. Read more