A Frabjous Day's Trading For The Fabulous; Will Bill Blass Return To The Runway This September?

  • Geithner's proposed new regulatory framework buoyed retail stocks by 4.4% yesterday. Saks' shares rose 15%, Ann Taylor was up 18%, Macy's climbed 10.2%, and Liz Claiborne rose 16.2%. Finally, some good fashion economic news! [WWD]
  • But it isn't all rosy on the business side. H&M's profits have fallen for the first time in five years. Their first-quarter net profit was down by 12%, which was worse than analysts had expected. [WSJ]
  • Marc Ecko Enterprises owes business partners $170 million. $100 million of that is due to Li & Fung, the global sourcing giants, who announced just yesterday that their net was down 21%. [NY Post]
  • Hugo Boss lost $20.6 million in the fourth quarter of 08. That's a decline in net of 27%. for the year. [WWD]
  • Thom Browne, whom the New York Post reported was close to bankruptcy yesterday, denies the charge in WWD. The men's wear designer says he is looking for a financial backer to grow his company — but has been slow in his search because the relationship is a crucial one and he doesn't want to sell a majority stake in his business. [WWD]
  • The Telegraph takes a tour of the Chanel handbag factory outside Paris, and finds 340 people working very slowly and carefully to complete the 180 steps in the making of a 2.55 purse. [Telegraph]
  • Simply Vera by Vera Wang's spring line is out at Kohl's. I agree with this reviewer that it looks basically cute — but one word of advice? Do not ever imitate a runway or lookbook outfit head-to-toe. It's snoozeville. [Fabsugar]
  • Last winter, Peacock Holdings LLC — a men's shirt concern, apparently — bought the Bill Blass brand from NexCen, the company which fired Peter Som and 60 Bill Blass employees without severance. At the time, Peacock said it planned to revive the ready-to-wear division within the year; they are just now looking for a creative director. [WWD]
  • Kérastase is discontinuing ten products, including their Bain Après-Soleil shampoo. You can mourn them by buying the last little pottles of goodness at 30% off online with the code VIP30. [Kérastase Paris]
  • Jane Whitfield, a designer at Louis Vuitton who shares the distinction, with fellow Briton Peter Copping, of being commonly described as "Marc Jacobs Right-Hand [Pronoun]" (or who perhaps doesn't have to share it anymore, following Copping's departure to Nina Ricci), lives in a charming centuries-old cottage near Versailles with her husband and kids. This story is entirely about her apparent knack for interiors and contains no other insight into her design work or experience. [Telegraph]
  • In China, Clinique and Sony banded together to create a 40-episode web series that just happens to feature an awful lot of Clinique and Sony products. [WSJ]
  • If you want to buy a punk outfit from Bergdorf, it will cost you $3000. [Blogue]