Escape to L.A…. U.K.’s Golden Luxury Market…

A good chunk of Young Hollywood cooled off at the Carrera Sunglasses Escape festivities at the Chateau Marmont over the weekend.

View Slideshow

ESCAPE TO L.A.: A good chunk of Young Hollywood cooled off at the Carrera Sunglasses Escape festivities at the Chateau Marmont over the weekend, including Jaime King, Mischa Barton, Malin Akerman, Amy Smart, Jamie Lynn Sigler, Jena Malone and Peta Wilson. Rosario Dawson was excited for her upcoming trip to Burning Man and snagged more than a dozen glow sticks for the hippie fest. Maria Menounos brought her parents along while Rumer Willis brought her laptop for a DJ set, after which she was congratulated by veteran DJ Samantha Ronson.

This story first appeared in the August 3, 2011 issue of WWD.  Subscribe Today.

PAVED WITH GOLD: The U.K. is a global superpower when it comes to luxury goods consumption, according to a report by Bain & Company prepared for Walpole, the association of British luxury brands. In 2010, the U.K. luxury market accounted for 8.8 billion euros, or $12.53 billion, or 5 percent of the total luxury market, which was worth 172 billion euros, or $244.93 billion, at current exchange. On a scale of cities, London is the third largest market for luxury goods after New York and Paris.

Over the past 15 years, luxury goods consumption in the country has snowballed and outperformed Britain’s gross-domestic product growth, 5.5 percent versus 2 percent, according to the report. Perfume and cosmetics is the biggest luxury category by far, followed by leather accessories, apparel and hard luxury goods.

In terms of distribution, half of all luxury sales come from stand-alone retail stores. The report pointed out that department stores, which dominate the wholesale channel in the U.K., are benefiting from the surge in spending from Chinese and Indian tourists and from sales of luxury goods, which account for about 70 percent of all department store sales.

The report said, however, that the wholesale channel has been “strongly impacted by the recession, and is losing its importance.” Meanwhile, online sales are “booming, but still at the development stage.” It said Net-a-Porter continues to dominate luxury online shopping, with consumers spending an average of 500 pounds, or $810, per transaction.

HONORS NIGHT: Allure editor in chief Linda Wells and Clarins Groupe North America chief executive Jonathan Zrihen will be honored at the American Cancer Society and the Personal Care Products Council Foundation’s 27th annual DreamBall this fall. Giada De Laurentiis will host the benefit dinner, held at Cipriani 42nd Street on Sept. 22, with guest presentations from Kelly Ripa and Bloomingdale’s ceo Michael Gould. The DreamBall benefits the Look Good…Feel Better program, an effort to improve the self-esteem and increase the quality of life of women with cancer.

FOR KEEPS: Rent the Runway, the designer wardrobe for rent Web site, is adding Thakoon, Anna Sui, Erin Fetherston and Cynthia Rowley to its inventory as of Wednesday. With the launch come incentives: Each designer is contributing a limited edition, signed sketch, that go to the first 20 customers, and one lucky renter will get to keep a Thakoon dress from the fall 2011 runway collection.

SATURDAYS TURF: GQ editor in chief Jim Nelson, Rogan Gregory and fashion bloggers Scott Schuman and Garance Doré helped Saturdays Surf celebrate its second anniversary with a hipster-packed, outdoor party at Ruschmeyer’s in Montauk on Saturday. “We got here through trial and error. I am so excited to come to work every day, I feel like a kid on Christmas morning,” said Morgan Collett, who co-founded the SoHo retail store and surf-inspired line with Josh Rosen and Colin Tunstall. The company is in the early stages of looking for additional retail spaces in the West Village and Tokyo. “We were able to go to Tokyo in June of this year and it was an incredible experience. We fell in love. The energy, the people, it was a moving experience being able to go there and see how Saturdays has been embraced,” said Collett.

SAIL AWAY: Puma may soon be coming to a port near you. In addition to its new role as the official sportswear partner of the 34th edition of the America’s Cup, Puma will operate both the official online and pop-up fan shop in ports hosting the event’s races. The inaugural America’s Cup World Series event will take place August 6 to 14 in Cascais, Portugal.

ASOS APP: British online retailer on Friday will launch its first iPad app for its Asos magazine, which is printed monthly. The free app will be available from the Apple iTunes store and will include the magazine’s fashion and beauty editorial content as well as exclusive rich media. Developed in-house, the app will be marketed to’s global customer base of 15 million.

View Slideshow
load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
blog comments powered by Disqus