David Gandy is the subject of a book compiled by
Dolce & Gabbana. A Dolce & Gabbana book. About David Gandy. [
Vogue UK]
This
Dior model looks a lot like
PJ Harvey in 1995. [
WOW]
Enterprising teen alert: A 16-year-old named Tara Houghton is selling
red stickers for the soles of your shoes for $9.99 a pair. Let’s see how long it takes for
Christian Louboutin to cry havoc and let slip his legal team of war. [
Rosso Solini]
- Maria Sharapova made an estimated $24.5 million last year. Most of that was through endorsement deals with fashion brands, like Cole Haan, Tiffany’s, and Tag Heuer. Her Nike deal is also substantial. [NYTimes]
- One of the banks handling next month’s Prada IPO says that the company may be worth $15 billion. $15 billion. Previous valuations by other analysts had topped out at $9.5 billion. The bank, Intesa, arrived at that number by multiplying by 21 what it projects will be Prada’s 2012 profits, which is to say they picked a number and multiplied it by another number they liked. Prada did have a banner year in 2010, with profits for the year rising 150%, to $330 million. Intesa thinks that means Prada could make $703 million in 2012. We’ll see. The long-awaited IPO (Prada has planned, and cancelled, at least three IPOs in the last ten years) is reportedly set for June 23-24. [WWD]
- Luxury houses in Europe are experiencing difficulties finding new employees with the specialized skills the industry requires — like goldsmithing, lace-making, couture sewing, fur production. Training a lacemaker, like those who made the lace for Kate Middleton‘s wedding dress, takes seven years and demand for such apprenticeships is low. [Reuters]
- After those bad financial results yesterday, Polo Ralph Lauren has announced it will spend over $1 billion over the next three years reinvesting in the company, largely on new stores in Europe and Asia. Meanwhile, it will also close 65 Asian stores that are “part of a weak distribution network.” [WWD]
- Judi Dench supports a ban on animal testing of cosmetics in Europe. [CM]
- First, Heidi Klum takes a photo wearing no makeup. Then, she takes a photo wearing no clothes — only chocolate! What will she think of next? [P6]
- Famous 7th grader Elle Fanning on the clothes she wears: “I shop vintage all the time…I’ve always been obsessed with Marilyn Monroe and her ’50s style. Alexa Chung is my style icon.” [ONTD]
- Fellow young’un Chloe Moretz says that she’d love a fashion line — maybe when she’s 16. [Vogue UK]
- A bill to cut import duties on children’s and low-cost footwear, which the retail industry has long lobbied for, has been introduced in the U.S. Senate. A House version is expected next week. [WWD]
- Simon Doonan has two pieces of advice for would-be fashion designers: “Don’t try to start a fashion company using your Aunt Mitzi’s pension fund,” because you’ll feel terrible when she’s “destitute.” And always have at least one drag queen friend, because they’re very “life-affirming.” [Racked]
- Express will roll out a new, Japanese-designed store layout next month. Reports Women’s Wear Daily, the features include “industrial fixtures, a larger footprint, a dual gender ‘denim lab’ and a runway down the center to merchandise key products.” [WWD]
- Here is a New York Times trend piece about scarves. We love scarves, and we hate trend pieces, so we feel pretty conflicted right now. [NYTimes]
- Zac Posen, Damir Doma, and Carven are among the brands elected to the Chambre Syndicale, the (more exclusive) French counterpart to the Council of Fashion Designers of America. [WWD]
- Profits at Tiffany & Co. were up 26% over last year during the first quarter, to $81 million. [WWD]
- Tiffany’s has given $1 million of that to the Council of Fashion Designers of America/Vogue Fashion Fund. In exchange, Tiffany’s gets its name all over the program materials, and one jewelry designer will receive a $250,000 business development grant funded by the retailer. The term of the sponsorship deal is three years. [The Cut]
- Burberry made $322 million last year. [WWD]
- Moda Operandi is looking for investors. [Reuters]
- Delia’s lost $4.5 million last quarter, which is less than the $5.8 million it lost in the same quarter in ’10. [WWD]