Week in Review August 27-31
Global Briefing | Chinese Fashion Brands Look West (Insight & Analysis)
“It’s nearly impossible to go a week without reading about international fashion brands expanding their operations in China. But what about Chinese brands targeting the West?”
Op-Ed | What Went Wrong at Aquascutum? (Opinion, Insight & Analysis)
“In April of this year, at a time when Burberry posted an 11 percent increase in sales, fellow British heritage brand and trenchcoat maker Aquascutum fell into administration.”
Nasty Gal clothing company — as red-hot as its founder’s lipstick (LA Times)
“After securing a $9-million investment in January from Index Ventures, which has also backed Facebook and Etsy, Nasty Gal just scored an additional $40 million from the venture capital firm.”
Paul Smith upbeat about China return (FT)
“Sir Paul Smith, the UK fashion designer, is optimistic about his brand’s return to China, despite fears that the Chinese market for luxury goods is cooling.”
Underwear: The next big thing in smalls (Independent)
“For a lingerie brand that has built a worldwide reputation by flaunting (and boosting and covering in rhinestones) the assets of some of the world’s top models, the exterior of the new Victoria’s Secret flagship store in London is somewhat demure.”
At Abercrombie & Fitch, Sex No Longer Sells (Business Week)
“Abercrombie & Fitch’s skin-filled ads and nightclub vibe once delighted American teenagers and infuriated parents. Today, many aren’t even paying attention. The once-edgy retailer has lost a third of its market value in the past year as it grapples with falling sales in Europe and the U.S.”