business Bags, Handbags & Purses

Alexander Wang Expands in Asia | Beijing Flagship First of 14 New Stores

Alexander Wang Expands in Asia | Beijing Flagship First of 14 New Stores

While most designers conquer the Western world before heading East, Alexander Wang is happy to break the mold. He's planning to open 14 new Asian outlets over the next 12 months.

It's great news for Alexander Wang fans abroad, especially those in Beijing who'll enjoy a new flagship store ...


Halston’s Second Chance | Ben Malka Revives Heritage Fashion Label

Halston’s Second Chance | Ben Malka Revives Heritage Fashion Label

It seems there may be life in Halston yet. The company's latest chairman and chief executive officer Ben Malka says he's committed to relaunching the Halston runway line next year. In the interim he plans to focus on the Heritage line abandoned by Sarah Jessica Parker.

Malka ...


LVMH Posts 2011 Profits | Fashion Giant Exceeds Forecasts

LVMH Posts 2011 Profits | Fashion Giant Exceeds Forecasts

Strong sales in Asia have helped LVMH and its fashionable companies exceed full-year profit forecast for 2011.

The luxury conglomerate's net income rose a modest 1% last year to 3.07 billion euros, exceeding estimates of 3.06 billion euros. It's a small win, but a significant one in the light of ...


The Iron Lady Increases Launer Handbag Sales | Fashion Fans Love Margaret Thatcher Purses

The Iron Lady Increases Launer Handbag Sales | Fashion Fans Love Margaret Thatcher Purses

Meryl Streep isn't the only big name profiting from the success of The Iron Lady. British fashion firm Launer is enjoying record sales as women everywhere attempt to emulate Margaret Thatcher's no nonsense style.

The firm reports that sales of its boxy purses have increased by 59% ...


Francois Kress For The Row | Prada President Joins Olsen Twins Fashion House

Francois Kress For The Row | Prada President Joins Olsen Twins Fashion House

Mary-Kate and Ashley Olsen have appointed Francois Kress, the current president and chief executive officer of Prada USA, as the new president for their The Row fashion label.

Mary-Kate told Women's Wear Daily that Kress was the "obvious choice" for the newly created position in the company she shares ...


Roger Best Back at Radley | Chief Executive Comes Out of Retirement for British Bag Brand

Roger Best Back at Radley | Chief Executive Comes Out of Retirement for British Bag Brand

Radley's former chief executive Roger Best is returning to the fold. Best retired in 2009, but has decided to come back to the British handbag label as chairman and interim chief executive.

Best's decision to return to the workforce follows the resignation of Paul Mason, who's been ...


Hermes Prices Set to Soar | Increased Costs for Luxury Handbags & Scarves

Hermes Prices Set to Soar | Increased Costs for Luxury Handbags & Scarves

Hermes accessories are set to get even more expensive.

The luxury label's handbags, scarves, and shoes have never been cheap, but fans can expect a price hike of around nine per cent across the entire range in the coming weeks.

The fashion industry is a little ...


Vietnam’s Handbag Exports Increase | Asian Nations Shipping Bags to America

Vietnam’s Handbag Exports Increase | Asian Nations Shipping Bags to America

Handbags have become one of the leading export products in Vietnam. The country's Leather and Footwear Association, known as Lefaso, says the nation produced and exported around a billion dollars worth of handbags last year.

And forecasters suggest the business is on the up, with figures expected to ...


Mulberry Hires Hermes Director | Bruno Guillon Joins British Fashion House

Mulberry Hires Hermes Director | Bruno Guillon Joins British Fashion House

Mulberry has appointed Hermes France's managing director Bruno Guillon its new chief executive. Guillon, who's previously worked with LVMH and Nina Ricci, will join the British fashion house in March.

Current Mulberry chief executive and chairman Godfrey Davis will continue at the firm, although he'll step down from the ...


Raf Simons Rumored for Christian Dior | Jil Sander Designed Tipped to Replace John Galliano

Raf Simons Rumored for Christian Dior | Jil Sander Designed Tipped to Replace John Galliano

With Christian Dior continuing to stay tight lipped, the speculation on John Galliano's replacement continues. Raf Simons is the latest hot tip to fill the anti Semitic former creative director's very big shoes.

Fashion bible Women's Wear Daily reported that a source close to the Belgian designer says he's close ...


Vera Bradley Increases Profits | Sales Up at American Handbag Brand

Vera Bradley Increases Profits | Sales Up at American Handbag Brand

High end designers like Mulberry and Prada aren't the only ones thriving in these tough financial times. More modest accessories label Vera Bradley is also enjoying its share of success, with a big 32% sales increase in the third quarter of the ...


Smartphone Sales Boost Handbag Industry | Customers Embrace New Shopping Technology

Smartphone Sales Boost Handbag Industry | Customers Embrace New Shopping Technology

The accessories industry is reaping the benefits of a smartphone shopping boom. Digital market reporter comScore said that 38% of smartphone users have made at least one purchase from their device, and of those 37% purchased accessories or apparel items.

The clothing sales are only bested by ...


Mulberry Increases Profits | Fashion House Expands International Operations After Strong Financial Results

Mulberry Increases Profits | Fashion House Expands International Operations After Strong Financial Results

Mulberry has enjoyed more success, posting an increased pre-tax profit of £15.6 million in the last six months, up from £4.7 million in the period prior.

Those profits saw the fashion house's revenue increase by 62% to £72.3 million, compared with £44.7 million in ...


Michael Kors Plans Stock Market Trade | Label Readies New York Listing

Michael Kors Plans Stock Market Trade | Label Readies New York Listing

Michael Kors is cementing its reputation as a fashion house to be reckoned with through its latest plan to trade on the American stock market.

Fashion bible Women's Wear Daily claims the company is plotting an IPO which will see it trading under the name of KORS on the ...


Prada Increases Sales | Leather Handbags Help Miu Miu Boost Profits

Prada Increases Sales | Leather Handbags Help Miu Miu Boost Profits

The continued popularity of the Prada and Miu Miu labels has helped Prada Spa enjoy a 75% increase in sales for the year's third quarter. The company posted a net profit of €93.6 million, or roughly $125 million US, which is significantly more than the €89.9 million ...


Marc Jacobs Declined Dior | Speculation on Galliano’s Replacement Continues

Marc Jacobs Declined Dior | Speculation on Galliano’s Replacement Continues

We were all sweating on it, but it seems Marc Jacobs is definitely not heading to Dior. A source close to Jacobs has told Fashionista that while LVMH approached him in July about the position, he declined it sometime in mid-November.

The source said that negations between ...


Coach Secures Hong Kong Stock Exchange Listing | American Handbag Company Listing from December 1

Coach Secures Hong Kong Stock Exchange Listing | American Handbag Company Listing from December 1

Coach has been successful in its bid to secure a secondary listing on the Stock Exchange of Hong Kong. It will begin to trade on the Asian country's market on December 1.

Coach already lists on the New York Stock Exchange, but with ...


Coach Eyes China Expansion | American Handbag Label Aims for Chinese Domination

Coach Eyes China Expansion | American Handbag Label Aims for Chinese Domination

Coach might be as American as apple pie, but in three years the fashion house hopes that China will be its largest market. Not content with the $300 million it expects to make in China by the end of the year, it aims to post $500 ...


Tamara Mellon Leaves Jimmy Choo | Co-Founder Quits Fashion House

Tamara Mellon Leaves Jimmy Choo | Co-Founder Quits Fashion House

Jimmy Choo co-founder and chief creative officer Tamara Mellon has abruptly left the company she established 15 years ago with little notice or explanation.

Mellon sold the company in May to Labelux for £525 million. Both Mellon and her chief executive officer Joshua Schulman were expected ...


Marc Jacobs Probably Not Christian Dior Bound | Alexander Wang or Jason Wu Tipped to Succeed Galliano

Marc Jacobs Probably Not Christian Dior Bound | Alexander Wang or Jason Wu Tipped to Succeed Galliano

The saga surrounding John Galliano's successor at Christian Dior continues. It seemed that Marc Jacobs was almost a certainty to fill the disgraced former creative director's shoes, but now those negotiations have stalled.

Fashion bible Women's Wear Daily claims Jacobs hoped to take his entire design ...


Bueno of California Buys Treesje | Handbag Label Plans Lifestyle Expansion

Bueno of California Buys Treesje | Handbag Label Plans Lifestyle Expansion

Bueno of California is promising to take Treesje to the next label after taking ownership of the accessories label.

Bueno of California owner Joseph Pagliaro says the firm has "tremendous potential in the global marketplace." He hopes the financial, sourcing, and operational support his firm can provide will help ...


Christian Dior Profits Up | Sales Increase During Controversial Year

Christian Dior Profits Up | Sales Increase During Controversial Year

Christian Dior seems unaffected by the untimely exit of anti-Semitic creative director John Galliano. The company has posted a 21% increase in earnings for the year to date.

Perhaps the results prove the old adage that no publicity is really bad publicity. Dior has enjoyed plenty of ...


Coach Seeks Hong Kong Stock Exchange Listing | American Handbag Brand Makes Dow Jones Bid

Coach Seeks Hong Kong Stock Exchange Listing | American Handbag Brand Makes Dow Jones Bid

We could soon see Coach Inc. on the Hong Kong stock exchange. The American handbag firm has sought approval for a listing through the Hong Kong depositary receipts, which could be approved as early as the first week of November. J.P. Morgan Chase & ...


Gucci Helps Chinese Workers | Handbag Label Responded to Employee Complaints

Gucci Helps Chinese Workers | Handbag Label Responded to Employee Complaints

Gucci headquarters has responded swiftly to complaints of inhumane working conditions in its store in Shenzhen, China.

Store employees banded together to report the problems to their local newspaper, the Global Times. The workers complained that they were required to work many hours ...


Burberry’s Profits Up | British Fashion House Increases Sales by 30%

Burberry’s Profits Up | British Fashion House Increases Sales by 30%

Burberry continues to defy the current financial climate after it posted a 30% sales increase for the first half of the year. Total revenue for the first and second quarters rose to 830 million pounds, or roughly $1.29 billion US dollars, up from 641 million pounds in 2010.

These ...


Christian Dior Announcing New Designer in Weeks | Galliano’s Replacement Named Soon

Christian Dior Announcing New Designer in Weeks | Galliano’s Replacement Named Soon

Christian Dior is continuing to tease us with news of a new creative director, some six months after anti-Semitic John Galliano was shown the door.

The rumor mill has been buzzing, with Marc Jacobs hotly tipped as the replacement. However when The Telegraph's Lisa Armstrong ...


Vera Bradley Expands Distribution Center | More Jobs & Handbags

Vera Bradley Expands Distribution Center | More Jobs & Handbags

Vera Bradley plans to double the size of its Indiana distribution center to meet increased demand for its patterned fabric purses, leather items, and other accessories.

Vera Bradley experienced a 30% sales increase in its second quarter, with sales jumping from $80.1 million a year ago to ...


Prada Sales Increase | Strong Results In Asia Boost Profits for Fashion House

Prada Sales Increase | Strong Results In Asia Boost Profits for Fashion House

Strong sales in Asia and the opening of several new stores have seen Italian fashion house Prada S.p.A post a 74% increase in its half-year profits.

It's been a stellar year for Prada so far. The company posted a net income of $245 million for the first ...


Hermes Family Shareholders to Form Holding Company | New Business Measures to Protect Fashion House

Hermes Family Shareholders to Form Holding Company | New Business Measures to Protect Fashion House

The Hermes International family shareholders are protecting their investment by forming a new holding company. The formation of this new collective will effectively thwart any takeover bid by LVMH, which currently holds a 21.4% stake in the fashion house.

A French court approved the family shareholders move. They ...


Hermes Posts Sales Increase | Low Handbag Stocks Spoil Party

Hermes Posts Sales Increase | Low Handbag Stocks Spoil Party

Hermes has posted a sales increase of close to 22% for the first half of the year, but it's not confident it can replicate the results in the coming months due to low handbag stocks.

Revenue was up 21.5% thanks to strong sales of jewelry, ...


Marc Jacobs Rumored for Dior | Phoebe Philo In Line for Louis Vuitton

Marc Jacobs Rumored for Dior | Phoebe Philo In Line for Louis Vuitton

Marc Jacobs has emerged as the top pick to take over John Galliano's vacant creative director post at Dior.

It's an about face from the last bout of rumors doing the rounds. They suggested that LVMH head Bernard Arnault would instate an up and coming creative talent, ...


Rafe Relaunches with Jones Group | Totengco’s Handbags Are Back

Rafe Relaunches with Jones Group | Totengco’s Handbags Are Back

After a brief hiatus Rafe, designer Rafe Totengco's signature line, is back and under new management. The fashion house is now part of the Jones Group, the company who also oversees Totengco's other creative interest, Nine West. Totengco will have his work cut out for him, serving as ...


Echo Launches New Handbags | Beach Bag Brand’s Expanded Accessories Range

Echo Launches New Handbags | Beach Bag Brand’s Expanded Accessories Range

We all know Echo's fabric and terry cloth beach bags, but soon the label will release a more versatile range of handbags.

The fabric purses feature prints inspired by the label's famous scarves, including animal motifs and bold tribal patterns. The solid colored bags will have printed linings, while ...


Coach Hits Vietnam & Brazil | American Handbag Brand Signs International Contracts

Coach Hits Vietnam & Brazil | American Handbag Brand Signs International Contracts

Coach is looking to expand its empire by selling its handbags and other accessories in Brazil and Vietnam. The American fashion house has inked multi-year deals in both countries, and plans to open stores in the territories within the next year.

Coach signed a deal with the Aste Group ...


Jana Matheson Gets Judith Leiber Creative Director Job | Design Consultant Promoted in Business Expansion

Jana Matheson Gets Judith Leiber Creative Director Job | Design Consultant Promoted in Business Expansion

Judith Leiber has promoted its design consultant Jana Matheson to creative director as part of the company's brand expansion.

Matheson will now oversee all aspects of design, including the look of the company's famous handbags and its marketing and branding. Matheson says she hopes to give Judith ...


Theory’s Andrew Rosen Buys Into Proenza Schouler | Investor Takes Permira Stake in American Fashion Label

Theory’s Andrew Rosen Buys Into Proenza Schouler | Investor Takes Permira Stake in American Fashion Label

London-based mergers and acquisitions company Permira has sold its stake in Proenza Schouler to a team of investors led by Theory chief executive officer Andrew Rosen and his business partner John Howard.

Permira bought Valentino Fashion Group, including its 45% share of Proenza Schouler, in 2007. Rumors ...


Mulberry Named Best Performing Luxury Fashion Brand | British Label Impresses Bloomberg

Mulberry Named Best Performing Luxury Fashion Brand | British Label Impresses Bloomberg

The accolades just keep on coming for Mulberry. After its stocks rose by a staggering 527% in the past 12 months, the British brand has been named the world’s best performing luxury fashion retailer by financial news and data service Bloomberg.

No doubt a large chunk of that ...


Weinstein & Schwab Leave Halston | More Staff Resignations at Fashion House

Weinstein & Schwab Leave Halston | More Staff Resignations at Fashion House

It seems the personnel are deserting Halston faster than rats from a sinking ship. Just days after the news broke that Sarah Jessica Parker was on the out, Women's Wear Daily has reported that Harvey Weinstein and Marios Schwab have followed suit.

Movie mogul Harvey Weinstein has held ...


Sarah Jessica Parker Leaves Halston Heritage | “Sex and the City” Actress Rumored to Leave Design Firm

Sarah Jessica Parker Leaves Halston Heritage | “Sex and the City” Actress Rumored to Leave Design Firm

Sarah Jessica Parker has reportedly parted ways with Halston Heritage. The actress served as the president and chief creative officer of Halston's diffusion label since January 2010.

Details are very scant at the moment, but the always reliable Women's Wear Daily reports that the Sex ...


YMI Does Handbags & Shoes | Youth Fashion Label Adds Accessories This Fall

YMI Does Handbags & Shoes | Youth Fashion Label Adds Accessories This Fall

Junior lifestyle brand YMI is adding handbags, small leather goods, and footwear to its fashion collection. The label will work with Blank Generation's Noir Empire division on its new accessory line.

Deke Jamieson, the executive vice president of marketing and licensing for YMI, says he feels ...


Mulberry Posts Big Sales Increases | Handbags & Online Purchases Drive Profits

Mulberry Posts Big Sales Increases | Handbags & Online Purchases Drive Profits

Mulberry has posted a whopping 385% increase in profits during the last year, defying global economic sales trends.

The jump was no doubt inspired by the opening of nine new stores in Asia, the Middle East, Europe, and Australia. Online sales also played their part, with an increase in ...


Chinese Laundry’s New Licensee | M. London Gains Rights to Affordable Handbag Brand

Chinese Laundry’s New Licensee | M. London Gains Rights to Affordable Handbag Brand

There's been a changing of the guard at Chinese Laundry, with M. London taking over the licensing from Viewmark.

M. London's certainly got the experience and vision needed to take the affordable handbag label to the next level. It's been in the fashion business for ...


Labelux Buys Jimmy Choo | German Company Buys Out TowerBrook Capital

Labelux Buys Jimmy Choo | German Company Buys Out TowerBrook Capital

German luxury goods company Labelux has beat the competition to secure accessories fashion house Jimmy Choo. The acquisition expands Labelux's already impressive fashion sector, which includes Bally, Derek Lam, and Solance Azagury-Partridge.

It's unknown exactly how much Labelux paid for the Tamara Mellon helmed company, but ...


Maura James’ New Carlos Falchi President | Macy’s Exec Moves to Exotic Fashion House

Maura James’ New Carlos Falchi President | Macy’s Exec Moves to Exotic Fashion House

Maura James has been named the new president of Carlos Falchi IP, LLC, the company which manages all aspects of Carlos Falchi's brands.

James brings to the position 30 years of experience in retail merchandising and store management. She began her career as a ...


Nine West One Stop Tote | Synthetic Patent Leather Handbag

Nine West One Stop Tote | Synthetic Patent Leather Handbag

Brown and black may be a controversial color combination, but on the One Stop tote it manages to work.

I think the success of this tote lies in the fact that, largely, it is just a simple black patent purse. The brown is only a detail, a contrasting trim ...


Hannah MacGibbon Leaves Chloe | Clare Waight Keller Replaces Creative Director

Hannah MacGibbon Leaves Chloe | Clare Waight Keller Replaces Creative Director

Chloe has parted ways with its creative director Hannah MacGibbon. Pringle of Scotland's Clare Waight Keller will replace her on June 1.

MacGibbon worked for Chloe for the past decade, including the last three years as head designer. However Chloe decided not to renew her contract, although it's a ...


Olivier Rousteing to Succeed Christophe Decarnin | Balmain Prepares to Name New Creative Director

Olivier Rousteing to Succeed Christophe Decarnin | Balmain Prepares to Name New Creative Director

Reports are flooding in that Olivier Rousteing will fill Christophe Decarnin's shoes at Balmain.

Balmain severed ties with its creative director after he failed to appear at the company's fall show in Paris. Rumors suggested that Decarnin was suffering from depression at the time.

A source ...


Rumors Fly Over Galliano’s Replacement | Who Will Design for Christian Dior?

Rumors Fly Over Galliano’s Replacement | Who Will Design for Christian Dior?

With Christian Dior remaining tight-lipped on John Galliano's replacement, the fashion industry rumor mill is in a frenzy. Women's Wear Daily reports that advisers to LVMH's Bernard Arnault have submitted a star studded list of candidates for consideration.

The list features such industry heavyweights as Riccardo ...


Christophe Decarnin Out at Balmain | Fashion House Searches for New Designer

Christophe Decarnin Out at Balmain | Fashion House Searches for New Designer

Christophe Decarnin has been shown the door at Balmain, leaving the French fashion house searching for a new designer. Decarnin is rumored to be suffering from mental illness, and while Balmain has not confirmed this it's thought the disorder led to his dismissal.

According to ...


Jimmy Choo Fights to Regain Company | Designer Offers £500 Million for Fashion Empire

Jimmy Choo Fights to Regain Company | Designer Offers £500 Million for Fashion Empire

Jimmy Choo wants his company back. The shoe designer hasn't been involved with his namesake label since 2000, but he's offering £500 million to take the reins once again.

British private equity firm TowerBrook currently owns the majority of the company, but word is that they're keen ...


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