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One of the many purposes of the terribly confusing fashion season known as pre-fall, which began presentations last week and extends until mid-January and which hits stores around June, is — even more confusingly — to feed the voracious maw that is the Hollywood red carpet during awards season. Yesterday the Golden Globe nominations come out, in front of the actual awards in January, and earlier this week the SAG short list was announced. Stylists everywhere are gearing up. Here are my bets on some of their picks.
For absolutely riveting reading, let me recommend the first ever World Handbag Report. It’s a collation of 120 million internet searches in 10 markets via four search engines (Google, Bing, Bai du, etc) by the Digital Luxury Group, and is it full of surprising facts – most notably, how incredibly imbalanced the handbag market is. The brands with big market share of search have BIG market share. The rest, well…have piddly squat.
Last night, appearing on stage to celebrate her husband’s next four years as President, Michelle Obama did something interesting: she wore an old dress. Specifically, she wore a burgundy Michael Kors brocade dress she has worn TWICE — count ‘em — before. Given the amount of attention her clothes get, and what her choices can do for a designer, this was a clear statement about a desire to move the conversation. We’ve talked about this dress already, after all. Now let’s talk about what not getting a new dress means.
There’s a really interesting study out today from the Digital Luxury Group. Based on data from over 31 million searches on Google, Bing, Yandex and Bai du, as conducted in Brazil, China, France, Germany, India, Italy, Japan, Russia, the UK and US, it looked at which American luxury brands were the most popular globally (based on search, natch, not sales). The results would probably surprise you, especially when it comes to who’s on top, and emerging markets.
Allow me to toot our own horn here for a moment, and note there’s a very interesting piece today in the FT by my colleague Stephanie Kirchgaessner on various industries and the presidential candidate they support. Romney seems to have come out on top in a bunch of them, at least as far as donations go but at least one other industry that wasn’t on the list skews very heavily BO (unfortunate initials, I know): fashion.
I was fascinated to read some comments by Joseph Giaconda, the lawyer who just won Michael Kors $2.4 million in damages in NY Federal court for the brand’s case against cybersquatters, about the potential new risk for luxury brands from counterfeit bloggers. Ooooh, these tangled webs those fakers weave.
I’m telling you: ides of March. Rumours have spread like wildfire that Derek Lam, the American designer who has been creative director of Tod’s for the last six years, has parted ways with the brand. The Tod’s folks are have been hiding from all emails and phone calls since last night, but they aren’t denying it. If it’s true, it has interesting implications for the future of luxury.
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.