Luxury 360: PPR marks makeover with Pomellato deal, PPR set to a...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/3JFELL/IE6L12/7Z1DQDL/M90URT/   Luxury 360 Wednesday April 24 2013 Luxury 360 - news on luxury brands and analysis of the luxury goods industry - FT.com   PPR marks makeover with Pomellato deal PPR sees off rival talks with Prada and the Italian state investment fund to buy a majority stake in the Milanese jeweller Pomellato http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/7ZNSC0/ZH/h?   PPR set to add two luxury brands to fold French group behind Gucci expected to see off competition from Prada for Italian jeweller Pomellato after buying Tuscan ceramics maker Richard Ginori http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/6AFSCC/ZH/h?   Cosmetics groups move deeper into China L'Oréal and Estée Lauder go beyond main cities with luxury offerings, in expansion that requires more delicate tactics than with mass-market lines http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/4VJQOC/ZH/h?   Coach bags growth amid leadership changes Boost in earnings for US luxury accessories brand as group president Reed Krakoff announces his departure only months after chief decided to quit http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/Q372RF/ZH/h?   Daimler runs into European weakness The German carmaker cuts its full-year forecast after weaker-than-expected sales in its home region cause profits to tumble in the first quarter http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/A5UFAV/ZH/h?   Advertisers look for ways to follow consumers Ever-growing online outlets offer marketers more varied points of contact and fresh forms of doing business, reports Emily Steel http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/WHK5UU/ZH/h?   Coach: worth holding Earnings show the handbag maker's shares are not ready for the sale bin yet, but investors should brace for a faux pas or two on the way http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/HI8HKE/ZH/h?   Richemont's annual profits set to soar Swiss group defies concerns that a slowdown in Asian demand could end the recent success of luxury goods companies as it expects a 30% rise in profits http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/1OQYGO/ZH/h?   Material World   The subtle, striking, Kering transformation of Gucci PPR-about-to-be-Kering is on something of another spending spree. In the last two days they have announced two (count 'em) acquisitions in Italy: the jewellery brand Pomellato, and the porcelain house Richard Ginori. The first buy is getting the most press, but it's the second that really interests me. See, it wasn't officially bought by Kering, but by Gucci (though this could be semantics, since Kering owns Gucci), and the purchase is being spun as the rescue of an important "Made in Italy" brand. Add that to two other Gucci intiatives, and it seems an image change is in the works, and no one has really noticed. Continue reading » http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/OFA09X/ZH/h?   Reed Krakoff leaving Coach: the implications and the future So Reed Krakoff, executive creative director and president of Coach, the man who – along with CEO Lew Frankfort – built it into the $4.76 billion brand, is leaving after almost 16 years. Or will be leaving soon: officially, he steps down in June of 2014 when his current contract is up, which also happens to be just after Mr Frankfort retires as CEO (last September he announced he was leaving at the end of this year). Those are the facts; so what do they all mean? Continue reading » http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/RPM2R9/ZH/h?   Are luxury CEOs more depressed about China than they admit? Ledbury Research is releasing its latest Luxury Market Insights report, which includes a CEO Outlook study tomorrow, and guess what? Those chief execs aren't totally convinced the Chinese consumer demand for luxury, which has been slowing, will zoom back, despite what they often say. Continue reading » http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/52RQOB/ZH/h?   Galliano at Parsons: school explains, students respond The official Parson's statement about the rationale behind hiring John Galliano to teach a Masterclass, scheduled for sometime this spring, has landed! Here it is in full, followed by some student reactions. Continue reading » http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/52RQOH/ZH/h?   Professor Galliano? Designer's fashion rehabilitation continues via Parsons He dipped a pinky back in the fashion world – now he's adding big toe. After working behind-the-scenes at Oscar de la Renta's atelier, John Galliano is coming out into the open: Simon Collins, Dean of Parsons, the New York fashion school, has confirmed that Mr Galliano, aka the disgraced former Dior designer, has been hired to teach an upcoming Masterclass at the school. It's an interesting move, seems to me, on Parsons' part – presumably part of its bid to become the pre-eminent NY Fashion school, over FIT and Pratt. Way to make news! But is a smart move? Continue reading » http://link.ft.com/r/3JFELL/UL2448/JI8N9U/L9KD40/IE6HK7/ZH/h?   Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..