Things are heating up on the luxury front. Yesterday I was talking to Ulrik Garde Due, chief executive of Danish silver brand Georg Jensen, and he acknowledged that the recent stories about brand’s private equity owners, Axcel, considering their exit strategy after 11 years were true. They have hired Rothschilds as advisors, and started meeting with potential buyers. Meanwhile, Smythson has just lured Andy Janowski, Burberry’s former COO and Senior Vice-President of Supply Chain (now, that’s a sexy title), over to their side to mastermind the brand’s expansion. Get ready: the heritage accessories brands are on the move!
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Clothes issues can make common cause for us all. How else to interpret The Economist’s sudden interest in (and defense of) the Scottish Fair Isle sweater? The mag has taken up the cause of the Shetland knitters, whose signature snowflake designs have been co-opted — horrors! — by the high fashion industry without proper accreditation.  Read more