The Luxury Brief
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The Luxury Brief
The most comprehensive business news for Luxury Executives.
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Benetton Unveils New Board of Directors

Benetton Unveils New Board of Directors | The Luxury Brief | Scoop.it
Most notably, all four company founders — siblings Carlo, Luciano, Gilberto and Giuliana Benetton — have stepped down.
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BoF Exclusive | MenInvest Acquires Progressive Men's E-Tailer Oki-Ni - BoF - The Business of Fashion

BoF Exclusive | MenInvest Acquires Progressive Men's E-Tailer Oki-Ni - BoF - The Business of Fashion | The Luxury Brief | Scoop.it

Today, BoF can report that French menswear-focused media and e-commerce group MenInvest has acquired London-based online retailer Oki-ni for an undisclosed amount.

sheenadeanne's insight:

Menswear-focused media, publishing and e-commerce group MenInvest has acquired London-based e-tailer Oki-ni for an undisclosed amount. Oki-ni co-founders Charles Perez and Ben Banks will join MenInvest as shareholders and advisors.

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LVMH, Hermès leave behind “friendly” feud with new legal developments - Luxury Daily - Legal/privacy

LVMH, Hermès leave behind “friendly” feud with new legal developments - Luxury Daily - Legal/privacy | The Luxury Brief | Scoop.it

French newspaper Le Monde’s article based on an AMF report that LVMH Moët Hennessy Louis Vuitton’s stake acquisition in Hermès is far from “friendly” could fuel the fire between two of the most powerful luxury goods companies.

sheenadeanne's insight:

“Hermès is such a well-established, successful brand that this won’t damage the brand,” said Charles Klein, chair of Davidoff Hutcher & Citron LLP’s fashion industry law group. “The same is the case for LVMH, since it owns many brands.

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Prada’s brand value rose 63 percent year-over-year: report - Luxury Daily - Research

Prada’s brand value rose 63 percent year-over-year: report - Luxury Daily - Research | The Luxury Brief | Scoop.it

Louis Vuitton remains the world’s most valuable luxury fashion or jewelry brand, but Prada’s value rose more than any other brand at 63 percent year-over-year, while the French fashion house’s declined, according to the BrandZ Top 100 list from Millward Brown.

sheenadeanne's insight:

“Though Louis Vuitton hasn’t grown as quickly, it still by any measure has strong brand value,” said Oscar Yuan, vice president at Millward Brown Optimor, New York. “It is and will continue to be a strong brand, but at the top there is not as much room to grow.

 

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Italy’s long term legacy of craftmanship in furniture and interior design

Italy’s long term legacy of craftmanship in furniture and interior design | The Luxury Brief | Scoop.it

CPP-LUXURY.COM has recently interviewed, exclusively, Gregorio Savo, the CEO and co-owner of luxury Italian furniture maker Savio Firmino.

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UK luxury sector could double in size to £12.2 billion by 2017

UK luxury sector could double in size to £12.2 billion by 2017 | The Luxury Brief | Scoop.it

he recently released  2013 UK Luxury Benchmark Report by Ledbury Research andWalpole, reveals that the UK luxury goods market stood at £6.6 billion by the end of 2012, however, respondents indicate that the market has the potential to double in size to £12.2 billion by 2017, despite growing global uncertainty.

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Leveraged buyout of Saks to weigh on future owner's intentions - Luxury Daily - Commerce

Leveraged buyout of Saks to weigh on future owner's intentions - Luxury Daily - Commerce | The Luxury Brief | Scoop.it

If Saks Inc. goes through with the leveraged buyout of its company, the result could either spur international growth of the retailer or hollow out the company depending on the buyer’s intentions.

sheenadeanne's insight:

“There are definite advantages to going private,” said Paula Rosenblum, managing partner at RSR, Miami, FL.“Less public scrutiny being the largest.

 

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Going public could bring more innovation, long-term growth for Neiman Marcus - Luxury Daily - Commerce

Going public could bring more innovation, long-term growth for Neiman Marcus - Luxury Daily - Commerce | The Luxury Brief | Scoop.it

If Neiman Marcus Group Inc.’s private-equity owners decide to launch an initial public offering of the company, it could mean more innovation and long-term growth for its department stores.

sheenadeanne's insight:

“2013 is a good time for Neiman Marcus to have a public offering,” said James Dean, vice president and head of luxury practice atWealthEngine, Bethesda, MD. “Initial public offering activity is gradually escalating and likely to spike upward in the second half of 2013 and into 2014.

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The Shifting Winds of New York Retail — Part 2: Soho's Renaissance - BoF - The Business of Fashion

The Shifting Winds of New York Retail — Part 2: Soho's Renaissance - BoF - The Business of Fashion | The Luxury Brief | Scoop.it

In a three-part report, BoF examines New York City's ever-shifting retail landscape. Yesterday, we considered the rise and recasting of the Meatpacking District. Today, we examine the renaissance of Soho.

 
sheenadeanne's insight:

It’s just about a half dozen city blocks, but at the top end of New York’s Soho district, the concentration of international fashion and luxury brands is thicker than almost anywhere else on the planet. On two blocks between Houston and Prince Streets, Balenciaga, Dior Homme and Versace have recently opened or are about to open new boutiques, joining existing brands like Marni and Marc Jacobs.

 

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Ferragamo fetes Vara shoe with first custom orders, photography campaign - Luxury Daily - Internet

Ferragamo fetes Vara shoe with first custom orders, photography campaign - Luxury Daily - Internet | The Luxury Brief | Scoop.it

Italian footwear and apparel maker Salvatore Ferragamo is feting the 35th anniversary of the label’s iconic Vara shoes with its first custom offering and a digital photography campaign.

sheenadeanne's insight:

“Ferragamo is celebrating 35 years of the iconic Vara shoe, but most importantly they are launching the ability to customize the shoe to fit a woman’s personal style,” said Amanda Rue, strategist at Carrot Creative, Brooklyn, NY. “While not overly pushing this new feature, Ferragamo brings this to life via 21 modern style icons.

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LVMH Appoints New Tag Heuer CEO

LVMH Appoints New Tag Heuer CEO | The Luxury Brief | Scoop.it
Stéphane Linder will succeed Jean-Christophe Babin at the helm of the luxury watch brand on June 1.
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Timing May Be Right for Neiman Marcus IPO

Timing May Be Right for Neiman Marcus IPO | The Luxury Brief | Scoop.it
Retailer appears headed for an initial public offering, with owners TPG Capital and Warburg Pincus itchier than ever to cash in on their investment.
sheenadeanne's insight:

Neiman Marcus Inc. appears headed for an initial public offering, with owners TPG Capital, formerly called Texas Pacific Group, and Warburg Pincus itchier than ever to cash in on their investment.

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Luxury Watch Market Heats Up in Paris

Luxury Watch Market Heats Up in Paris | The Luxury Brief | Scoop.it
The opening of a Bucherer store has confirmed the French capital’s status as one of the fastest-growing markets globally for high-end timepieces.
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Neiman Marcus Reworks China Strategy

Neiman Marcus Reworks China Strategy | The Luxury Brief | Scoop.it
Company plans to downsize its team there and ship from its U.S. based inventories rather than holding inventory in Chinese warehouses.
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Chopard taps sustainable luxury for Cannes Film Festival push - Luxury Daily - Multichannel

Chopard taps sustainable luxury for Cannes Film Festival push - Luxury Daily - Multichannel | The Luxury Brief | Scoop.it

Chopard is feting its new sustainable luxury initiative called “The Journey” by releasing the first two ethically made pieces on the red carpet at the 66th Cannes Film Festival in Cannes, France.

sheenadeanne's insight:

“Sustainable luxury is something that we will certainly be hearing more about in the future,” said Betsy Csatorday, senior vice president and strategy director at Atelier, New York.

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Luxury Diary's curator insight, September 12, 5:22 PM

“Sustainable luxury is something that we will certainly be hearing more about in the future,” said Betsy Csatorday, senior vice president and strategy director at Atelier, New York.

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France's MenInvest Acquires Oki-ni.com

France's MenInvest Acquires Oki-ni.com | The Luxury Brief | Scoop.it
The online men's wear retailer is based in the U.K. and specializes in cutting-edge brands.
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Kitson Secures $15M Credit Facility

Kitson Secures $15M Credit Facility | The Luxury Brief | Scoop.it
According to Christopher Lee, the specialty chain’s chief executive officer, the company is seeking prospective investors and strategic partners.
sheenadeanne's insight:

Kitson, the Los Angeles-based specialty chain that’s the fashion and pop culture hot spot for celebrities, has a new $15 million senior-secured credit facility from Salus Capital Partners.

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Armenia’s luxury market, an in-depth analysis and long term potential growth

Armenia’s luxury market, an in-depth analysis and long term potential growth | The Luxury Brief | Scoop.it

In a research conducted earlier this month, CPP-LUXURY.COM has uncovered that the number of international emerging luxury markets with a long term growth potential, has been dwindling. Armenia is one of the countries highlighted in the research.

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Audi invests $5 billion over 3 years in its retail, to help boost the brand’s presence in North America

Audi invests $5 billion over 3 years in its retail, to help boost the brand’s presence in North America | The Luxury Brief | Scoop.it

German luxury carmaker Audi has recently opened a new flagship showroom in New York with its sister brand Volkswagen, which is the largest real estate investment by the Volkswagen Group – $135 million for a space of 265,000 square feet.

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Patrizio Bertelli and Miuccia Prada on Growth, Acquisitions and More

Patrizio Bertelli and Miuccia Prada on Growth, Acquisitions and More | The Luxury Brief | Scoop.it
Those were among the topics discussed at the luxury group’s annual general meeting in Milan.
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Fashion Monitor: News - Maybelline New York debuts Polka Dot range for nails

Fashion Monitor: News - Maybelline New York debuts Polka Dot range for nails | The Luxury Brief | Scoop.it

Maybelline New York has unveiled a new Polka Dot range within its Color Show collection of nail polishes.

sheenadeanne's insight:

 The varnishes are designed to provide both colour and a sprinkling of 3D polka dots when one coat is applied.

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Barneys CEO Lee Takes Anti-Penney Approach to Turnaround

Barneys CEO Lee Takes Anti-Penney Approach to Turnaround | The Luxury Brief | Scoop.it
At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
sheenadeanne's insight:

Chief Executive Officer Mark Lee’s vision for Barneys New York Inc. (0120812D) is art gallery meets luxury emporium -- airy spaces where $1,575 Proenza Schouler bags seem like precious artifacts. The Gucci alum wants to broaden Barneys’s appeal while respecting its heritage as the most exclusive and avant-garde of America’s stores.

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Should Gucci continue to fight Guess in court? - Luxury Daily - Legal/privacy

Should Gucci continue to fight Guess in court? - Luxury Daily - Legal/privacy | The Luxury Brief | Scoop.it

Kering-owned Gucci is vigorously attempting to protect its brand trademarks in court, but the battle against Guess Inc. may not be worth the costs, experts say.

sheenadeanne's insight:

“The estimation of many people in the industry is that it was an unnecessary legal battle between companies,” said Steven Gursky, partner and head of intellectual property practice at Olshan Frome Wolosky LLP, New York.

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Ralph Lauren Taps Laura Lendrum to Run U.S. Stores

Ralph Lauren Taps Laura Lendrum to Run U.S. Stores | The Luxury Brief | Scoop.it
As president of its U.S. stores division, she will oversee overall strategic direction, management and execution of the domestic Ralph Lauren retail business.
sheenadeanne's insight:

 Ralph Lauren Corp. named Laura Lendrum president of its U.S. stores division, giving her responsibility for the overall strategic direction, management and execution of the domestic Ralph Lauren retail business. Lendrum has spent much of her 23-year career in the luxe realm, serving most recently as president of Gucci America, where she oversaw retail, wholesale and e-commerce. She has also worked at Yves Saint Laurent and Chanel.

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The Shifting Winds of New York Retail — Part 1: The Rise and Recasting of the Meatpacking District - BoF - The Business of Fashion

The Shifting Winds of New York Retail — Part 1: The Rise and Recasting of the Meatpacking District - BoF - The Business of Fashion | The Luxury Brief | Scoop.it

In a three-part report, BoF examines New York City's ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.

sheenadeanne's insight:

In New York, where of-the-moment nightclubs and restaurants can fade as fast as they emerge, knowing where to open a fashion store is rarely an easily answered question. 

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