Word: gucci
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...from Europe. He also has Japan, which contributed just 10.5%. Come to think of it, his women's business is still smaller than his menswear, even though women spend twice as much on clothes. So he has that left. And Polo gets only 9.4% of its sales from accessories (Gucci earns 60%), so that's left to improve...
...business of selling clothes in Europe, from manufacturing to marketing to distribution, is at odds with what Lauren has done in the U.S. While European designers love centralization, Lauren is more willing to give important roles to others. Take manufacturing. In the past 12 months, Gucci Group has announced it will open a state-of-the-art factory for shoemaker Sergio Rossi by the end of the year. Armani has announced a joint venture with four shoemakers. And Marzotto, the new owner of Valentino, has promised that Val will get his own accessories plant too. All this activity...
...Renta. But no more. De la Renta will now spend more time on his own collection. Balmain will announce a successor this fall. Less than a year after her appointment as creative director, London-based jeweler Solange Azagury-Partridge was ready to present her first show for the Gucci Group jeweler Boucheron. The collection was diverse - featuring Art Deco-like earrings, a shimmering gold scarf and an attention-grabbing snake choker - but far more traditional than what she sells at her eclectic London boutique...
...Stanbury has been rewarded with not only the business of the fashion crowd, but of the celebrity crowd as well. Actor Jude Law and musician Noel Gallagher are customers too. "I would fear walking into Anderson & Sheppard," says Bill Prince, GQ's deputy editor. "But Kilgour understands younger men." Gucci is fighting back with its own bespoke service. "It's clearly a response to the fact that a bespoke suit is the blue chip element in a man's wardrobe," says Prince. - Lauren Goldstein
...Prada sunglasses, sipping rum-and-tonics by the sea. For all intents and purposes, I think we looked pretty cool, but after the experiences of one fateful evening, we sunk into the inevitable effluvium of dorkdom. No matter how many girls sported this season’s horn-handled Gucci bag and how many boys showed off brand new tailored Nantucket Reds, the Harvard within stood out like Hester Prynne’s scarlet letter...