With its classic trench coats and traditional totes, Burberry Group Plc isn’t often credited with setting fashion trends. Yet as the British luxury brand pushes into fragrances and cosmetics, it’s doing something few have done before: going it alone.
Domenico Dolce and Stefano Gabbana, the Italian designers convicted of tax evasion, ruled out a public sale of a stake in their namesake fashion company, while leaving open the possibility of bringing in private investors.
Hollywood-backed legislation to fight online piracy, shelved this year after an Internet protest led by Google Inc. and Wikipedia, is “dead,” said the head of the trade group for the largest movie studios.
Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
A couple of months ago, around the time Greece passed new austerity measures to ward off economic catastrophe, Nicholas Papandreou , the very tall brother of Greece’s Prime Minister, George Papandreou , was riding the Metro in Athens. The Papandreous, now in the third generation of a Socialist political dynasty, live in rented houses, drive Priuses, and, apparently, take the subway, even during times of extraordinary anger toward the government.
Dolce & Gabbana will shut all 18 D&G brand stores, which target younger consumers, in Japan by January, Nikkei English News said, without citing anyone. The company also operates 16 high-end Dolce & Gabbana stores in the country, the report said.