for what it’s worth

stories and stimulus from a consumer insight consultant

MONEY BAGS

Matthew Williamson is the next designer to jump on the extortionate accessories bandwagon. It has just been announced that the Icelandic company Baugur Group, which is trying to buy most of the British high-street, has taken a minority stake in his company with future plans to build the retail business and set up a separate accessories line which is due to lauch for the a/w 06-07 season.

Vogue reports

Joseph Velosa, who co-owns the company with Williamson, said they had met with a variety of potential investors before deciding that Baugur’s “philosophy” best suited them. “There is funding for two stores, the first of which will be in New York,” he said, adding that they planned to open that one this time next year followed by one in Paris the following year.

Advertisements

Filed under: industry news,

THE END OF ROCHAS?

Rochas a/w 06

It’s a sad sad day for fashion- according to WWD, Rochas fashion house is to close. Despite having recieved critical acclaim for its collections since the appointment of Olivier Theyskens as designer three years ago, and reporting a 30% growth last year, the ready-to-wear business is still making a loss. Although Theysken’s collections were some of the most refreshingly original and wearable seen, the extortionate price points of Rochas has been its downfall. As we know most fashion houses are struggling financially with very few making a profit from their clothing lines, so maybe now it’s time for them to re-assess their future and look at ways of decreasing their prices! Lets hope Theyskens relaunches his own line (which he put on hold to take the job at Rochas), as I think he is a designer with true creative insight.

  • WWD
  • Filed under: industry news,

    Categories

    Archives

    del.icio.us