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Karl Lagerfeld to open first London store Friday, 12th April 2013
Image courtesy of Karl.com
Karl Lagerfeld is reportedly close to agreeing to open his first store based in the United Kingdom.
The Chanel designer has his own brand which debuted in Paris in February.
Lagerfeld is understood to be eyeing an outpost on South Molton Street in central London should be open by the end of the year.
Stores are also planned for Amsterdam and Paris in the near future.
Chanel snaps up Scottish textile company Wednesday, 17th October 2012
Scottish textile company Barrie Knitwear has been snapped up by Chanel in a move which has safeguarded around 200 jobs.
The Hawick-based firm was part of 140-year-old textiles group named Dawson’s that fell into administration earlier this year.
The French fashion house released a statement today which says the move “secures the jobs of all 176 employees and safeguards a historic brand known for the manufacture of high-quality cashmere for some of the world’s most prestigious couture houses.”
The sale was overseen by KPMG Scotland.
Announcing the acquisition of Barrie Knitwear, Bruno Pavlovsky, Chanel's fashion president, said: "the factory has worked with us for more than 25 years, producing cashmere knitwear including Chanel's iconic two-tone cashmere cardigans. Through this acquisition, we reaffirm our commitment to traditional expertise and craftsmanship."
Chanel eyes Scottish knitwear firm Monday, 20th August 2012
Photo credit: Chanel 2012
Iconic fashion house Chanel and Chinese group Zhongyin are reportedly considering the purchase of a 140-year-old Scottish knitwear company.
Dawson International’s Barrie Knitwear business, based in Hawick, employs around 180 people.
The company appointed KPMG as administrators last week after it struggled with significant deficits in its pension scheme.
It is understood that KPMG will update potential buyers with information regarding the knitwear firm this week.
Chanel and Burberry to open Paris-style "maisons" in London Thursday, 16th February 2012
Chanel has announced its plans to open a mammoth flagship London store with a vast array of luxury brands set to follow in its footsteps with Paris-style "maisons".
With the arrival of London Fashion Week tomorrow, renowned labels such as Burberry, Belstaff and Stella Mcartney are adding the final touches to their colossal stores due to open later this year.
Chanel received planning consent this week for a 20,000 sq ft three-storey shop, offices and new façade on London’s prestigious New Bond St, allowing it to show all collections under one roof.
In similar style to the French fashion houses that trade with showrooms, shop and offices in one place, London is creating its own version of the townhouse boutique.
London is in the forefront this year because of events central to the UK such as the Olympics and The Queen’s Diamond Jubilee, which has attracted brands wanting to monopolise on the influx of wealthy visitors.
Burberry has recently doubled the size of its Brompton Rd store and will open its largest store to date on Regent Street in the next few months.
Burberry's CFO, Stacey Cartwright, said: "We are focusing on 26 cities globally. London is particularly exciting this year. Regent Street will open by the Olympics and our show will take place here for the third year in a row."
Burberry is going to broadcast its London show on Monday into more than 40 stores around the world, giving customers the oppertunity to buy from the catwalk on iPads as it did last fashion week.
British brand Belstaff, owned by Swiss group Labelux, has also has plans to create a Bond Street "maison". It will include a shop, museum, offices and showroom and the building will be named Belstaff House.
Belstaff's chief executive said: "This affirms our commitment to embracing our British roots and heritage."
Luxottica rebounds with 12% rise in Q4 Wednesday, 25th January 2012
Luxury eyewear maker Luxottica SpA on Wednesday announced fourth quarter sales grew 12 per cent on strong demand from emerging markets, as well as a rebound in Australia.
The Italian group said net sales rose to EUR 1.51 billion in the last three months of the year from EUR 1.35 a year before.
Chief executive Andrea Guerra said Luxottica was off to a strong start for the year ahead, buoyed by the launched of the Coach Inc collection, a new brand for the group, which also licenses the eyewear collections of Chanel, Prada, Ralph Lauren and Versace.
Chanel to woo Japan with a series of events Tuesday, 17th January 2012
Karl Lagerfeld will soon be jetting off to Tokyo to reprise the Chanel winter couture show, open a pop-up shop and mount an exhibition devoted to the brand’s iconic tweed jackets.
The events, scheduled for 21-23 March, are being put on to reaffirm the brand’s commitment to Japan and also to boost its image in the vital market.
The exhibition, thought to be running for seven weeks, consists of around 100 photographs from the book “The Little Black Jacket” by Lagerfeld and Carine Roitfeld which depicts celebrities and other personalities in Chanel jackets.
Neiman Marcus’ “luxury customer is spending with confidence” Tuesday, 29th November 2011
The Bergdorf Goodman owner said its quarterly profit nearly doubled on sales of more than USD 1 billion, as its clientele splurged on Marc Jacobs bags, Chanel suits and Charlotte Olympia shoes.
Despite the fact the stock markets have struggled through another quarter amidst an impending European debt crisis, Neiman Marcus chief executive Karen Katz is certain its “most affluent luxury customers is spending with confidence”.
“We do remain concerned with the broader economy and its effects on our customer,” Katz told analysts on Monday.
Neiman Marcus made net income of USD 48.4 million, up from USD 25.7 million a year ago.
Chanel showcases watches using augmented reality apps Monday, 21st November 2011
Chanel is using augmented reality applications for smartphones and tablet computers to push its J12 watch collection.
The app features the entire J12 collection and allows consumers to virtually try them on using an augmented reality feature which utilises the phone or tablet computer’s camera.
Rick Singer, CEO of GreatApps.com, said: “Many people do not know Chanel makes watches and, therefore, this app can expose them to a new audience.”
My-Retail Media's top 5 most powerful luxury brands Sunday, 11th September 2011
1. Louis Vuitton
The all powerful French fashion house has continued to emphasize the timelessness and authenticity that it’s world renowned for over the last five years, and to impressive effect. The brand has increased prices steadily, invested in creativity and heightened the focus on quality and luxury in order to win customers who are far more inclined to keep a firm hold on their purse strings as the world is gripped by a fierce recession. It appears that the LVMH way is the right way as the fashion retailer has been valued at USD 24.3 billion for 2011, an increase of 23 per cent from 2010.
The family-owned fashion retailer, and the inventor of the coveted Birkin bag, is now valued far more highly than France’s second largest bank, Société Générale. Hermés is now valued at EUR 24.5 billion on the Paris stock exchange, while SocGen is worth EUR 18 billion. Not only this, the demand for the iconic bags is outstripping supply to such an extent that the retailer recently had to hire 400 new staff to raise the production of leather goods by almost 10 per cent. Hermés shares are up 70 per cent this year as a result of the arrival of LVMH on its shareholder register. The group has snapped up a 20.2 per cent stake in Hermés, which is unwanted by all accounts according to to the Hermés family who have said: "[There is] an intruder in the garden but we don't want him in the house."
The highest ranking Italian luxury brand has recently teamed up with world renowned auction house Christie’s to appraise vintage Gucci luggage and handbags in order to give the brand a lead on its competitors. Despite Gucci’s top five position in the luxury rankings, this year the company’s value declined by 2 per cent to USD 7.45 billion as a result of its parent PPR (PP) SA’s financial performance. In order to turn the success of the brand around CEO Francois Henri Pinault radically changed management within the holding company and took a much more active, creative and visionary approach in order to combat unforgiving market conditions.
After an 11 per cent decrease in value in 2010, Chanel came roaring back. The fashion house has not chosen to sell pieces online as other brands have. A prospective consumer will struggle to find an accurate price list for Chanel accessories online (and believe me, I’ve tried) and you simply will not find a Chanel bag online (unless you choose to risk eBay). The French fashion house have managed to maintain the elusive air of exclusivity while still boasting a strong digital platform. Overall brand value for 2011 is up 23 per cent to USD 6.82 billion thanks to a strong foreign market and the super-covetable lipsticks and perfumes in Chanel’s cosmetics range.
Cartier has remained the most valuable jewellery brand in the world despite a recent, unavoidable drop in its brand value as a result of the recession. However, this has not dampened the company’s spirit and ambition. The firm has accelerated boutique openings in the Middle East and the US in order to stay ahead of the game and to diversify its risk in case the ever-profitable Chinese market hits the buffers.
Chanel has the run of Harrods in a £4m promotion Monday, 5th September 2011
Harrods has handed the entire length of its Brompton Road façade to a fashion house for the first time.
Every last one of the 23 window displays at the Knightsbridge store have been dedicated to Chanel’s autumn/winter collection.
The magical installations include packs of wolves in enviably chic Chanel outfits - plus unicorns, owls and deer. The fashionista creatures follow the theme of creative director Karl Lagerfeld’s latest ready-to-wear range.
The three-week promotion is thought to have cost an eye watering £4 million. Worth every penny, in our opinion. Head over to Glamour UK’s Facebook page for the rest of the photos!