Word: leathering
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...fall, but the real must-have of the moment is a megadeal. Everywhere you look in the global luxury business, a merger or acquisition is going down. Private-equity players like Apax Partners are snapping up such brands as Tommy Hilfiger; giant manufacturers like Samsonite are investing in small leather-goods businesses such as Lambertson Truex. Department stores like Italy's La Rinascente are swallowing Printemps, its competition in France. And established names like Valentino are diving into such emerging markets as India. Last month the Gucci Group was rumored to be eyeing the London-based Alice Temperley label. Next...
...familiar faces: Bernard Arnault of LVMH, François-Henri Pinault of PPR and the odd manager of Gucci or president of Chanel. But cash-rich private-equity firms have taken note of the impressive numbers those companies are posting. Gross profit margins for apparel are 50%, and for leather goods they can be as high as 77%, according to TAG. So it's not surprising that in the past two years dealmaking in this sector has shifted into overdrive. Since February alone, Jil Sander was snapped up by London-based Change Capital Partners, English luxury retailer Asprey was bought...
...Longchamp Rodeo bag ($695, longchamp.com 2 Bottega Veneta Pepe Nappa trench, Cocco Nabuk bag and Lungarno shoe ($6,250, $13,890 and $650, bottegaveneta.com 3 Chanel Soft Touch eyeshadow ($26.50, chanel.com 4 Patek Philippe Annual Calendar watch ($29,950, patek.com 5 Versace patent-leather heel ($740, versace.com 6 Kara Ross gold cuff ($7,500, at Bergdorf Goodman, 212-753-7300) 7 Eames lounge chair (price on request at Herman Miller...
...creative, and if we lose touch ..." his voice trails off, and he shrugs. Stefano probably would have hated the opening of the new Diesel store on London's Bond Street in May. The two-level store on a prime corner is a template for the new Diesel. Curvy leather seating and mod decorative resin dividers are part of the sophisticated décor. The layout says designer rather than jeans. At the party, Diesel had paid actress Heather Graham to model a denim mermaid number for the tabloids, and guards shooed guests away from a roped-off VIP area?effectively aping...
Azria, 57, has achieved his vision of merging mass appeal and fashion credibility by coupling the sophisticated detail of European tailoring with the casual, unfussy spirit of American sportswear. His primary line, BCBG Max Azria, consists of dresses, denim, outerwear, swimwear, footwear, handbags, sunwear, eyewear, belts, small leather goods and watches as well as men's shirts, tailored clothing and ties. Much of this product expansion is due to a series of licensing contracts Azria began in earnest around 2002. Last year he hired veteran stylist Lori Goldstein to focus BCBG Max Azria, which will have its first runway show...