Linda Wells, founding editor-in- chief of Conde Nast’s Allure Magazine discusses New York Fashion Week hit shows and how a thriving beauty business has kept Allure magazine reaping advertising revenue even as other magazines failed to weather economic downturns. Wells also discusses the divergent performances of Michael Kors and Coach stocks and the incipient Marc Jacobs initial public offering. Wells speaks with Bloomberg’s Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage."
Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
Marc Jacobs will leave Louis Vuitton after 16 years as artistic director of the world’s biggest luxury label to focus on an initial public offering of his own brand, according to a person familiar with the matter.
Louis Vuitton appointed former Balenciaga designer Nicholas Ghesquiere as artistic director of womenswear, succeeding Marc Jacobs, and said he will “infuse” the world’s largest luxury brand with modernity.
Of a fall jacket, you ask the impossible. It has to work for a solid month of freezing mornings and almost warm afternoons. It seems pointless to own a piece of outerwear that's useful for six weeks a year at most.
Coty Inc., maker of perfumes endorsed by Beyonce and Heidi Klum, is for sale at a 25 percent discount to rivals in its initial public offering, a valuation that may lure investors unfazed by the billionaire Reimann family’s controlling stake.