Dark Clouds Grow Over Luxury World

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Overview

A swarm of question marks is hovering over luxury, spooking brands and investors alike about growth prospects.SEE LIST BELOW FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Mint Designs RTW Spring 2015

Fashion Show Reviews

Mint Designs RTW Spring 2015

Hokuto Katsui and Nao Yagi dialed down their signature zaniness for a more commercial and wearable approach this season.

clock October 13, 2014Amanda Kaiser

Hanae Mori by Yu Amatsu RTW Spring 2015

Fashion Show Reviews

Hanae Mori by Yu Amatsu RTW Spring 2015

Hanae Mori, one of Japan’s most storied fashion houses, tapped Yu Amatsu to target a “new generation of women.”

clock October 13, 2014Amanda Kaiser

Somarta RTW Spring 2015

Fashion Show Reviews

Somarta RTW Spring 2015

Hirokawa showed just 17 looks this season — a smaller offer than in the past — and almost entirely on mannequins.

clock October 13, 2014Kelly Wetherille

Rima Al-Sabah, Dr. Jill Biden, Vice President Joe Biden, and Ambassador Salem Al-Sabah.

Parties

Kuwait Ambassador Salem Al-Sabah Hosts Annual Fundraiser

The dinner marked the 10th annual event to raise money for the Kuwait-American Foundation.

clock October 13, 2014Susan Watters

Tokyo Fashion Week street style.

Street Style

They Are Wearing: Tokyo Fashion Week

WWD went off the runways and onto the streets and sidewalks for the best looks from Tokyo Fashion Week.

clock October 16, 2014WWD Staff

DressCamp RTW Spring 2015

Fashion Show Reviews

DressCamp RTW Spring 2015

Toshikazu Iwaya sent out a riot of fringe, lamé, loud colors and exaggerated silhouettes in a high-energy show.

clock October 13, 2014Kelly Wetherille

Designer and Luxury

Luxury Seen Growing 2% in 2014

The luxury goods sector continues to grow, although at a more moderate pace, according to the most recent study by Bain & Co. and Fondazione Altagamma.

clock October 14, 2014Luisa Zargani

Yasutoshi Ezumi RTW Spring 2015

Fashion Show Reviews

Yasutoshi Ezumi RTW Spring 2015

For inspiration this season, Yasutoshi Ezumi turned to biomimicry, a science that imitates natural forms to solve human problems.

clock October 14, 2014Amanda Kaiser

Ha ha RTW Spring 2015

Fashion Show Reviews

Ha ha RTW Spring 2015

Samsara, the Buddhist concept of reincarnation, inspired Takafumi Tsuruta this season.

clock October 14, 2014Amanda Kaiser

Patek Philippe Grandmaster Chime Ref. 5175.

Watches

At 175, Patek Philippe Brand Vows to Keep It in the Family

The brand on Monday rang in its 175th anniversary with a declaration of independence and a $2.4 million watch.

clock October 14, 2014Joelle Diderich

Human Resources

J.C. Penney’s Incoming CEO to Get $1.3M Base Salary

Marvin Ellison will also be entitled to receive other bonuses, such as a $4.1 million sign-on bonus.

clock October 14, 2014Vicki M. Young

Fleamadonna RTW Spring 2015

Fashion Show Reviews

Fleamadonna RTW Spring 2015

Seoul-based Jei Kim took a page from summer vacation showing skin-baring weekend looks for her spring line.

clock October 14, 2014Amanda Kaiser

Fashion Scoops

Blue Farrier Leaves as Creative Director of Issa

The label plans to move forward with in-house design team.

clock October 14, 2014Samantha Conti

Matohu RTW Spring 2015

Fashion Show Reviews

Matohu RTW Spring 2015

Materials in their natural forms was the concept behind the spring Matohu collection.

clock October 14, 2014Kelly Wetherille

Edie Campbell

Parties

Frieze Art Fair 2014 Kicks Off in London

Alexander McQueen launched the local edition of the annual art fair, which starts Tuesday.

clock October 14, 2014Samantha Conti and Julia Neel

Gisele Bündchen in Chanel.

Parties

Gisele Bündchen Fetes Chanel No.5 Campaign

The model stars in the Baz Luhrmann-lensed short-film-cum-ad-campaign which was unveiled at a star studded New York event.

clock October 14, 2014Taylor Harris and Julie Naughton and Marc Karimzadeh

John Galliano leaving a Paris court.

Fashion Scoops

John Galliano Rounding Up Former Collaborators

A Margiela spokesman declined to comment on the names, saying only that the design team is a mix of current employees and new members who will join.

clock October 14, 2014Miles Socha

Despite strong growth in the first half, Burberry warned of difficulties ahead.

Designer and Luxury

Dark Clouds Grow Over Luxury World

A swarm of question marks is hovering over luxury, spooking brands and investors alike about future growth prospects.

clock October 15, 2014WWD Staff

Financial

A.G. Lafley Reassures Shareholders at P&G’s Annual Meeting

Procter & Gamble chief says the company will not hold a “fire sale” as it trims its brand portfolio.

clock October 14, 2014Evan Clark

Human Resources

Quiksilver Cofounder Bob McKnight to Retire

Separately, Wet Seal sets headcount reductions at headquarters and in the field.

clock October 14, 2014Vicki M. Young and Arnold J. Karr

Many Bangladesh factory owners are seeking money for repairs so they may resume operations.

Government and Trade

Bangladesh Factories Seek Remediation Funds

Garment factory owners are considering the costs of improvements once again, and their ability to finance them.

clock October 14, 2014Mayu Saini

Macy's will open two hours earlier on Thanksgiving than a year ago.

Retail

Macy’s Opening Earlier on Thanksgiving

The retailer will open stores at 6 p.m. on Thanksgiving, two hours prior to last year.

clock October 14, 2014Sharon Edelson

Financial

Converse Files Broad Trademark Suit

The company on Tuesday filed separate suits against 31 manufacturers and retailers alleging that they had infringed on its Chuck Taylor sneaker design.

clock October 14, 2014Arnold J. Karr

Designer and Luxury

Elie Saab Expands Paris Footprint

The 3,200-square-foot venue, located at 31 avenue George V, is slated to open in the first half of 2015.

clock October 15, 2014Paulina Szmydke

Industry sources estimate Le Labo generates $20 million to $30 million annually in retail sales.

Financial

Estée Lauder Cos. Inks Deal for Le Labo

Estée Lauder Cos. Inc. ventured to take another step into the future when it signed a deal to purchase Le Labo, an indie fragrance brand.

clock October 15, 2014Pete Born

Retail

Derek Lam Unveils Relaunched Web Site

After shutting down e-commerce on dereklam.com two years ago, the brand is back in the e-commerce game.

clock October 15, 2014Rachel Strugatz

Jay Pharoah, Michael Che and Taran Killam

Retail

Live: It’s SNL for Saks Fifth Avenue

The retailer hosted a party celebrating the launch of the “Saturday Night Live” 40th anniversary collection and the Key to the Cure campaign on Monday.

clock October 15, 2014Rosemary Feitelberg

Media

NBC Prepping Show About Working at Cosmopolitan

It’s still early days for the unnamed show, which will be penned by Leslye Headland.

clock October 15, 2014Lauren McCarthy and Alexandra Steigrad

Retail

Alipay Offers U.S. Brands an Online Bridge to China

The mobile payment arm of Alibaba will today launch Alipay ePass, a suite of products that will help Chinese shoppers buy directly from American Web sites.

clock October 15, 2014Rachel Strugatz

Fashion Scoops

Katie Holmes Named Olay Ambassador

“Olay started in Ohio, which is where I’m from,” said Holmes. “So I’ve sort of come full circle.”

clock October 15, 2014Jayme Cyk

From Project Gravitas and Cornelia Guest's luxe cruelty-free leather jacket capsule collection.

Fashion Scoops

Cornelia Guest and Project Gravitas in Collaboration

The socially conscious online fashion brand has teamed up with Guest to create a cruelty-free leather jacket collection.

clock October 15, 2014Lisa Lockwood

A visual from Lucky Brand's “Why fit in? You were made to stand out” campaign.

Business Features

Lucky Brand Lures Carlos Alberini Back to Denim

Eight months into his tenure at the denim brand, Lucky's chairman and ceo discusses the opportunities he sees for expansion.

clock October 15, 2014Arnold J. Karr

Essentialist

Today's Must Read

Talitha Getty by Jeanloup Sieff for Vogue Paris, February 1970.

Fashion

Saint Laurent Acquires Major Private Collection of Vintage YSL Clothes

clock 9hJoelle Diderich

Social Studies