1. Investments, takeovers, IPOs & JVs
Japan’s leading lingerie firm Wacoal Holdings Corp., acquired Eveden, the UK-based specialist in designing and manufacturing high quality, fashion conscious lingerie and swimwear for D+ sizes, for a sum of around £150 million.
Instragram which became the go to app for fashion startups, established brands and fashion enthusiasts was sold to Facebook for USD1b.
Tumi expected to price its initial public offering at $15 to $17 a share, providing a nice exit for the luggage maker’s controlling shareholder, Doughty Hanson, a London-based private equity firm that acquired the company in 2004.
Trinity Limited, one of the leading high-end to luxury menswear companies in Greater China, announced that it has agreed to purchase the Gieves & Hawkes brand.
Italian premium knitwear label Missoni has charted out plans to enter the lucrative Indian luxury market. The brand will open stores by the end of this year or next year.
Luxury fashion house Kimaya launched in Bangalore via Montenapo, the Italian menswear label, at UB City Mall, Bangalore in association with Canclini Tessile S.p.A, an Italian textile manufacturer. Via Montenapo offers custom-made shirts in Egyptian cotton by Milan-based designer Francesco Rossi.
In March, luxury-apparel etailer Net-a-Porter announced it was entering the Chinese market with the acquisition of Shouke.com, a Hong Kong-based fashion website. The site relaunched as a Chinese-language of Net-a-Porter’s outlet arm The Outnet, trading as TheOutnet.cn.
Apparently, Chinese women are getting fat. The launch of a much needed plus size store in Shanghai will spotlight Nissen’s plus-size women’s brand, SmiLeLand. This will be the first plus size range launched in China aimed at plus size shoppers
3. Feathers ruffled
Elie Tahari, hasn’t been happy with the direction of his brand, which has annual revenue of more than $500 million. He recently fired almost all of his top executives.
Leaders of the Taoist Federation are upset with the Floral Designers Society Singapore (FDSS) over a fashion show it held during a gala dinner last month. A scared robe worn by Taoist priests was worn by a model at the show.
British fashion designer, Alice Temperley lobbies to save her family’s cider farm. Apparently Alice’s feathers are ruffled because of the UK government’s new proposed minimum price for alcohol.
The search for a San Francisco woman who allegedly assaulted a man with her Christian Louboutin stiletto has gone viral, and even helped the victim track down his attacker.
Allegedly the clothing being made for the London 2012 Olympics is “being manufactured for Adidas in sweatshop conditions in Indonesia, making a mockery of claims by London 2012 organizers that this summer’s Games will be the most ethical ever.”
4. Fashionable architecture
Century Properties Group, Inc. announced its plan to build a 52-story, 645-unit condominum in Manila, decked out floor-to-ceiling in Missoni’s signature look.
5. Fashion weeks
Dubai Fashion Week’s Autumn/Winter show was cancelled just days before models were set to strut the catwalk.
Islamabad Fashion Week (IFW) opened with haute couture from April 10 to 12.
Pakistan had their fashion week.
Seoul had a successful fashion week.
6. Fashion collaboration
Abi Ferrin today announced the debut of The Freedom Project Collection with an exclusive collaboration of life-affirming apparel, clutches, bags and other accessories hand crafted by Sak Saum, a Cambodian brand focused on outreach offering rescue, rehabilitation and restoration to vulnerable and exploited people who have been victims of human trafficking.
Jean Paul Gaultier unveils diet coke bottles. They are very sexy – I warned you!
7. Expansion in Asia
Hong Kong luxury retailer The Swank plans to accelerate its expansion in the mainland’s second- and third-tier cities, in order to cash in on the booming luxury market.
Dior is taking direct aim at the Asian luxury market by releasing a third edition of their online magazine in Mandarin. Scheduled for release during the week that Dior will present a haute couture collection for the first time in Shanghai.
8. Movers and shakers
Laura Lendrum, who served as president of Gucci America for nearly two years, has left the firm. Lendrum resigned to pursue other opportunities.
Christian Dior named Raf Simons its next couturier, and said he would unveil his first collection for the house during Paris Couture Week in July. His official title is artistic director of women’s haute couture, ready-to-wear and accessory collections.
Young Philippine-based designer Happy Andrada was named “Emerging Designer of the Year” in the 2012 Miami Beach International Fashion Week (MBIFW) in the United States.
The Thailand Textile Institute (THTI) has set out an ambitious THB300m (US$9.7m) plan to develop the local textile and garment industry over the next four years, with the aim of transforming Thailand into the Asean region’s fashion centre.
LVMH v Newera Enterprises Company Limited saga continues in China. The Trademark Review and Adjustment Board have appealed the decision of the Beijing No. 1 Intermediate People’s Court. For the latest developments in IP law in Asia see here.
Filipa Fino, former Vogue accessories director launched her own online magazine.
9. Made bank
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From your legal fashionista,
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