Ituen Basi, Summer 2013, Lagos Fashion & Design Week | Source: IHT
Fashion Weighs a Deeper Investment in Africa (IHT)
“Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.”
Gap raises full year profit view, quells slowdown fears (Reuters)
“Gap Inc posted a bigger quarterly profit on Thursday and quelled fears of a possible slowdown ahead of the holiday season as the retailer raised its profit view for the year, sending its shares up 3 percent after the bell.”
Abercrombie profits boost shares (FT)
“Shares in Abercrombie & Fitch, the youth fashion retailer, leapt 30 per cent after it ended a string of weak results by reporting better than expected profits and signs of improvement in its US sales.”
Philanthropy in Fashion (IHT)
“As Ali Hewson and her husband Bono stood with the fashion entrepreneur Renzo Rosso on an African trip earlier this year, the raw white cotton in the hands of the Diesel founder led to an epiphany. Why not create a collaboration among three people who believe passionately in the promise of Africa?”
Donna Karan: Working Woman (WSJ)
“Born in New York in 1948, the daughter of a model and a suit designer, Karan was working as associate designer at Anne Klein by 1971, two years after taking a summer job working for the designer. When Anne Klein died in 1974, Karan quickly assumed the mantle of chief designer. Ten years later, she left to create Donna Karan New York.”