http://us.fashionmag.com/newsletters/us/newsletter170.htm
11/09/2009
Newsletter N°170
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Megha Mittal fuels fashion sector passion with Escada purchase
Megha Mittal stepped into the fashion spotlight with the purchase of troubled high-end German brand Escada, backed by the clout of in-laws who own the global steel giant ArcelorMittal.
Chanel accused of counterfeiting
French fashion giant Chanel was accused in court of stealing a supplier's design in a case that could have a bearing on the rights of skilled artisans toiling in the luxury industry.
US retail sales suggest tepid holiday season
More than half of U.S. retail chains posted October sales that fell short of Wall Street's heightened expectations, raising doubts about a widespread recovery for the holiday season.
John Richmond - Spring Summer 2010
Womenswear - Milano -
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Mariella says banks should decide by Nov 16
Creditor banks of debt-laden Mariella Burani Fashion Group have to decide whether to approve a debt restructuring plan by Nov. 16, the luxury good maker's chief executive said in a newspaper interview.
Gap Inc shares up as October sales beat Wall St view
Gap Inc's October sales surpassed analyst expectations and the clothing retailer forecast quarterly earnings above current Wall Street estimates, sending its shares up nearly 4 percent.
Bebe Stores posts wider-than-expected first quarter loss
Women's apparel retailer Bebe Stores Inc posted a wider-than-expected quarterly loss, as higher markdowns squeezed gross margins, sending its shares down more than 5 percent.
Motor racing-Izod brand to sponsor IndyCar Series
Phillips-Van Heusen Corp, a clothing manufacturer that owns the Calvin Klein brand, said its Izod brand will sponsor the IndyCar Series, marking the open-wheel racing sport's first title sponsor since 2001.
Crocs surprises with profit; outlook weak
Crocs Inc reported a surprise quarterly profit on cost cuts, but forecast what may be a deeper than expected loss in the current quarter, and its shares fell 10 percent.
Retailers in focus as earnings season draws to a close
U.S. retailers are poised to defy gloom next week as earnings expectations have improved, but the big test will be what they say about holiday shopping.
Halloween shopping lifts John Lewis
Weekly sales at John Lewis department stores jumped 7.8 percent year-on-year, boosted by demand for Halloween products and early Christmas shopping and adding to signs of a consumer recovery in Britain.
Sri Lanka responds to EU rights probe concerns
Sri Lanka delivered its formal response to a European Union probe that found it in breach of international human rights laws and said it was hopeful of retaining a lucrative trade concession with the bloc.
Asia boosts Hermes luxury sales
Sales in Asia helped boost French luxury group Hermes in the third quarter, the company said, reporting an overall 10-percent rise in sales to 452 million euros (672 million dollars).
German Escada staff hail visit by Megha Mittal
Several hundred workers at the clothing group Escada hailed new chief executive Megha Mittal as she paid a visit to its headquarters in Munich, southern Germany.
Online jeweler Blue Nile third quarter beats, raises outlook
Blue Nile Inc beat quarterly earnings expectations by a penny but raised its outlook for the fourth quarter as the online jewelry retailer continued to draw customers away from rivals, helping its shares climb 2.2 percent.
Emerging economies to be L'Oreal top market
Emerging economies including Brazil, China and India are becoming the main markets for French group L'Oreal, the world's top cosmetics company, its chief executive said.
L'Oreal optimistic, returned to growth in third quarter
L'Oreal returned to growth in the third quarter and forecast sales would improve further in the fourth quarter even though the cosmetics market itself remained tough, the French group said.
One detained in Bundchen-Brady wedding shooting
Police investigating allegations that an armed bodyguard working for supermodel Gisele Bundchen and American football star Tom Brady fired at photographers covering the celebrity couple's wedding, took one person into custody.
Catwalks by season - Spring Summer 2010 - Womenswear - Dubai
AARTIVIJAY GUPTA
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BABITA M
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BEENAS & B'JOUE
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Ekta Singh
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ESTINNA BY TINA G BEDI
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HSY
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Kanzi
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Ora by Rimalaya
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Walid Attalah
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