Forget obvious battlegrounds like stores (who has got the biggest/luxist/most special) or designers; the most heated fights in luxury are clearly taking place behind the scenes, in the back-end and backrooms. The latest entrants: Chanel and Paco Rabanne, which stepped into the supplier/accessories arenas respectively. Read more
The announcement that a plutonium-powered robot named Curiosity has landed on Mars has created great excitement among space-o-philes and NASA-nicks and the rest of the science world. However, along with the frisson of expectation, I also feel a slight sinking of the stomach. See, the ready-to-wear show schedule is such that while the rest of the world is preparing to go on vacation propelled by the news, the fashion world is preparing to sit down at their desks to start creating their spring/summer collections. With space travel at the front of their minds.
After buying Hermes’ 45 per cent stake in Jean-Paul Gaultier last year and talking up its development potential, Spanish luxury group Puig has put yet more money where its mouth is and just announced the appointment of senior luxury executive Ralph Toledano to the newly created position of President of the fashion division. If you want to send a signal to the fashion community that you are intent on being a serious player, this is a pretty efficient way to do it.
September is both Back to School! and Back to Fashion Week!, and sic discussion with my children about what they are looking forward to, I’ve been mulling over what Iam looking forward this fashion season, which begins in NY on Thursday. For what it’s worth, here’s what I expect to be the best topics of discussion over dinner or cocktails:
The other day I was talking to Bernd Beetz, the chief executive of Coty, in his office high over Park Avenue, and he noted that “fragrance is now a crucial building block of a brand.” In other words, it’s the base, not the capstone, of a business. I was thinking about this today because Puig Beauty and Fashion Group just announced a truncated version of their 2010 results and they are pretty good.
So news arrives that the Puig Group, the Spanish beauty/fashion conglomerate that owns the fragrances and fashion of Carolina Herrera, Nina Ricci and Paco Rabanne, as well as other super-lucrative scents, is relaunching Paco’s ready-to-wear under creative director Manish Arora. Mr Arora is the only Indian fashion designer who shows in Paris, and he’s known for his use of colour, and interesting (some might say challenging) materials. Read more