Industry Highlights – Derek Lam Buys Back Label, Tiffany & Co Enduring Storm, Valentino’s Qatar Sale Explained, Spain’s Inditex Spins Gold

Posted on November 12, 2012

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Derek Lam buys back own label

“Swiss luxury group Labelux has sold the Derek Lam brand back to its founders, Lam and Jan-Hendrik Schlottmann. The sale is part of a refocusing plan to become a global player in the luxury goods market, reported the Financial Times.” (Fashion United)

Confident of weathering another storm

“After several years cossetted by booming sales and operational growth, many hard luxury brands are finally feeling the impact of the global financial crisis and subsequent slowdown in consumer confidence that has afflicted virtually every other sector since 2008.” (FT)

The real reasons behind the sale of Valentino to Qatar

“In a recent interview to Italian media, Paolo Colonna, Partner at Permira, the investment fund which recently sold the house of Valentino, has spoken about the motivations which led to the choice of Qatar as the buyer for the Italian house.” (CPP)

VIDEO: Spain’s Inditex Spins Gold

“The parent company of Zara has reinvented fashion production and distribution, becoming the world’s largest and, some say, trendiest retailer.” (NYT)

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