Many a London resident might be moaning about the 2012 Olympic and Paralympic Games that kick off on July 27. The collective whine can be heard all the way from Hampstead to Herne Hill, and from Brook Green to Bow: The crowds! The congestion! The sweaty London Underground! Tens of thousands of London-based civil servants have already been granted permission to work from home, while thousands more private sector workers are blowing out of town for strategically engineered holidays aimed at avoiding the two peak weeks of the Games.
But retailers — who have barely had time to pack up their Diamond Jubilee tea towels, biscuit tins, cake stands and Union Jack bunting — are approaching the Olympic sports spectacle with relish. According to a report from Visa, a global Olympics sponsor for the past 25 years, the upcoming event will generate 750 million pounds, or $1.16 billion at current exchange, in consumer spending over the total seven-week period, mainly from foreign visitors. In its report, “A Golden Opportunity: London 2012 Olympic and Paralympic Games Expenditure and Economic Impact,” Visa says the Games will bring an economic stimulus of 5.1 billion pounds, or $7.85 billion, to Britain between now and 2015, when the halo effect of hosting the Games wears off.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)