Tamara Mellon | Source: Sakura Cosmetiques
Tamara Mellon: write her off at your peril (Telegraph)
“‘Jimmy Choo customers feel a strong affinity with her,’ says Emma Elwick-Bates, Vogue’s market editor. ‘She’s incredibly glamorous, but also a successful businesswoman and single mother. She ticks a lot of boxes.’ All of which makes the radio silence from Jimmy Choo following the rupture look a little like panic. This is not an ailing enterprise but one that’s ‘phenomenally successful, one of our top-performing footwear and accessories brands.’”
More Luxury Brands Rolling Dice With Hong Kong IPOs (Jing Daily)
“Despite an IPO environment described by the BBC this summer as “faltering,” nearly six months after debuts by the likes of Samsonite and Prada, it seems that high-end brands are still lining up to list on the Hong Kong stock exchange… Apparently some measure of confidence has returned, though, as luxury brands seem to have regained their appetite for Hong Kong IPOs.”
Saks beats, expects holiday sales gains (Reuters)
“Luxury retailer Saks Inc forecast continued sales growth in the holiday period despite a volatile stock market, and reported a higher-than-expected quarterly profit as it offered shoppers fewer markdowns. The department store chain expects sales at stores open at least a year to rise by a “mid-to-high single-digit” percentage rate in the final quarter that includes the Christmas season.”
Fashion and You raises $40 mn in venture funding (Business Standard)
“Fashion and You, an invitation-only shopping site, has raised $40 million (Rs 201 crore) from a group of investors led by Norwest Venture Partners and Intel Capital. This is touted to be the highest investment in e-commerce space in the country, signifying the growing interest of the investors’ community in the e-commerce space in India.”
An Intellectual Fashion | Fabien Baron (AnOther)
“French-born, New York-based Fabien Baron, is a leading art director who has and continues to work on a variety of fashion, beauty and design, editorial, commercial and collaborative projects including the collage-style design on Madonna’s iconic book, Sex. He began his career at GQ before re-designing and re-launching magazines including Italian Vogue, Harper’s Bazaar, Arena Homme Plus and his latest, Interview, where he is also editorial director.”