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John Varvatos plans to take on the European fashion Monday, 13th May 2013
John Varvatos, the New York menswear designer is backed by the leading investment firm Lion Capital for plans to take on the world of European fashion.
Hong Kong continues to demand world’s priciest retail rates Monday, 13th May 2013
Hong Kong held its place as having the world’s highest rent for prime retail properties in the first quarter, demanding almost 50 per cent more than property in comparable locations worldwide. According to a report by CBRE Group Inc., rents in Hong Kong were more than four times those in similar locations for London and Paris, with annual retail rent in high-end shopping areas in the Chinese metropolis averaging at USD 4,328 per square foot.
Coach handbag creator Lillian Cahn dies at 89 Friday, 8th March 2013
Lillian Cahn, the creator of the Coach handbag, has died at the age of 89. Having founded the Coach Leatherware Company in 1961, Lillian, along with her husband, Miles, were long associated with the American accessories retailer, creating a number of iconic handbags and tote shoppers for the label.
Tiffany holiday trading results fail to meet expectations Thursday, 10th January 2013
Tiffany & Co on Thursday said worldwide sales had risen just 4 per cent during the festive season, after a year of disappointing gains for the high-end jeweller. Based on Manhattan’s prestigious Fifth Avenue, Tiffany has already lowered its sales and profit forecasts three times during the current fiscal year, adding that sales growth during its most important season was below its own expectations.
Alexander Wang set for Balenciaga transfer Friday, 30th November 2012
New York designer Alexander Wang is set to take over at PPR-owned Balenciaga. Market sources cited by WWD on Friday reported 28-year old Wang is set to succeed Nicolas Ghesquière at Balenciaga, who will leave his position today. Having launched his first women’s collection in 2008, Wang has built a name for himself in New York and abroad for high-impact fashion shows and streetwise designs.
Tiffany lowers forecast after drop in Asian store sales Thursday, 29th November 2012
Tiffany & Co has lowered its full-year sales and profit forecast for the third consecutive quarter after disappointing results in its key Asian market. The New York-based jeweller saw sales at Asian stores open a year or more fall 4 per cent. With nearly a quarter of its business derived from the Asian market, and as its fastest growing segment, the economic slowdown in China is expected to take its toll on the iconic brand in the months to come.
Kate Spade launches new brand for the Instagram generation Tuesday, 23rd October 2012
Kate Spade’s new global lifestyle brand looks to capture a younger customer with its Saturday label. Featuring bright, colour-popping apparel, accessories, beauty and homeware, Kate Spade Saturday is set to appeal to the Instagram generation; consumers at ease with multichannel shopping, sharing purchases over social media and regularly refreshed online content.
Uniqlo to unveil new US site as owner Fast Retailing looks to break the states Thursday, 18th October 2012
Uniqlo's San Francisco store. Fast Retailing’s Uniqlo is set to launch its US online shopping site next week, as the Japanese apparel powerhouse prepares to take on the North American market. Now looking to earn USD 10 billion in overall North American sales by 2020, Uniqlo has stepped up its expansion plans, with 20 to 30 new US stores planned to open annually over the next few years.
London beats New York to global fashion capital accolade Saturday, 8th September 2012
Do keep up darling. Fashion editors, buyers and IT Girls a-plenty may be hitting the streets of Manhattan this weekend for the New York Fashion Week, but according to the latest research, London’s still the place to be for those that take fashion to heart. New York came in second place to the UK's capital city on the Global Language Monitor (GLM), an annual list that tracks interest on the Internet and in the media, with Paris, Barcelona and Madrid close behind.
LK Bennett steps up stateside expansion Tuesday, 14th August 2012
British fashion and accessory retailer LK Bennett is set to increase its presence in the United States over the next three years, with ten new store openings planned. The London-based brand opened its first flagship store in New York back in April.