Yoox

Floriane de Saint Pierre, one of the most powerful luxury headhunters in France (she’s the go-to people placer for Kering), is spearheading yet another fashion award, Eyes on Talent, along with ITS (International Talent Support, an on-line platform) — this one specifically geared toward bringing up and coming design talent to the attention of big brands. Well, they just announced their 2013 winners, and guess what? Of the 13 awards, sponsored by brands like Yoox, Diesel and Swarovski, almost half the winners came from major new markets: South Korea and China. Think this is a coincidence? I don’t.
 Read more

An interesting side show is taking place at Paris’s Palais de Tokyo during couture: Net-a-Porter is unveiling a new initiative involving five artists commissioned to make five one-off pieces of clothing, which you can think of as couture or art, depending, and which will be sold in September in New York – though whether they are to be worn or to be hung on a wall is unclear, as is the price. What is sure, however, is they will be very, very expensive. Take that, Moda Operandi and Farfetch and every other pretender to the throne! Net has just seen your bid for their spot in the e-verse and raised you by a factor of ten. Read more

We all know that part of Steve Jobs’ genius was taking the rules of fashion and applying them to technology, be it the importance of must-have seasonal design, or gadgets that are actually accessories, and hence identity totems. As Michel Kors pointed out to me recently, however, fashion has never exactly turned the tables; it hasn’t figured out what it should absorb from Apple. Well, today BCG is publishing a paper that suggests things might be changing. They have pinpointed a lesson. And they want the luxury world to learn it.

 Read more

Tomorrow the folks behind yoox.com and thecorner.com, two leading etail ventures, are launching store number three. Unlike the first two sites, which are ready-to-wear boutiques that offer, respectively, less expensive last-season merchandise and cutting edge fashion, this one has a particular focus: shoes. Specifically 1000 styles of shoe, retailing for between €180-1,000. That’s a lot of footwear.

When I asked Federico Marchetti, chief executive of the Yoox Group, the obvious question — is there really such a big market for shoes and only shoes, or is this a niche sideline? — he responded with some pretty striking numbers. Read more

It being Milan fashion week, I have Milan news on the mind, and here’s something interesting: I’ve just learned Yoox Group, the Italian etail experts who build and manage about half the fashion world’s etail outlets, are about to make a move of their own. Next week, thecorner.com, their high-end multi-brand boutique, will become the first multibrand etailer to launch in China. The floodgates are opening! Let the race begin.

 Read more