business Bags, Handbags & Purses

Accessories Sales Rise, Says Study | Apparel Slumps in Current Economy

Accessories Sales Rise, Says Study | Apparel Slumps in Current Economy

Accessories labels are enjoying the lion's share of the world’s fashion dollars, according to a new report from The New York Times.

Gone are the days when accessories design was considered the poor cousin to apparel creation. Economic uncertainty has seen a shift in the spending habits of fashion labels ...


Qatar Royals Buy Valentino | Mayhoola Secures Fashion House

Qatar Royals Buy Valentino | Mayhoola Secures Fashion House

The royal family of Qatar has expanded its stake in the fashion business with the acquisition of leading design house, Valentino. Mayhoola, an investment group controlled by the royals, reportedly spent $858 million on the fashion label.

So what happens next? According to a Mayhoola, not a great deal. ...


Launer London’s Sales Jumps | Diamond Jubilee Inspires Growth

Launer London’s Sales Jumps | Diamond Jubilee Inspires Growth

Launer Londer sales are on the up following Queen Elizabeth II's Diamond Jubilee celebrations.

The British monarch has been a longtime fan of the fashion label's conservative boxy handbags, and it seems the rest of the world is taking note. She's been in the public eye a lot ...


Kenneth Cole Goes Private | Designer Spends on Company Shares

Kenneth Cole Goes Private | Designer Spends on Company Shares

It’s been in the works for a few months, but it's now official. Kenneth Cole has bought enough shares in his namesake fashion house to take back control of the firm, making it a private corporation once again.

The deal is estimated to be worth $245 million, and ...


Hermes Appoints New CEO | Axel Dumas Named Patrick Thomas’ Successor

Hermes Appoints New CEO | Axel Dumas Named Patrick Thomas’ Successor

Hermes has reiterated its commitment to family values by naming Axel Dumas, a sixth-generation member of the founding family, as its new chief executive.

Dumas will share the chief executive officer responsibilities with long time holder of the position Patrick Thomas. Dumas began working for the family business in ...


Buy Fashion Shares Through Facebook | Fifth & Pacific Launches World First Investment Platform

Buy Fashion Shares Through Facebook | Fifth & Pacific Launches World First Investment Platform

Fifth & Pacific Cos, the firm formerly known as Liz Claiborne Inc., has made it even easier for us to own a piece of our favorite fashion labels. The parent company for Juicy Couture, Kate Spade, and Lucky Brand is allowing fans to buy ...


Hermes Posts Increased Profits | Fashion Firm Cautious About Rest of 2012

Hermes Posts Increased Profits | Fashion Firm Cautious About Rest of 2012

Europe's financial crisis doesn't seem to have hit Hermes International. The French brand reports its first quarter sales rose by almost 22%, buoyed by strong demand in Asia, Europe, and the Americas.

Its sales rose to 21.9%, or the equivalent of 776.9 million euros, for the quarter ending March ...


Echo Designs Expands Handbag Offerings | New Printed Bags for Fall 2012

Echo Designs Expands Handbag Offerings | New Printed Bags for Fall 2012

Echo Designs is expanding the soft handbag collection it launched last year.

The latest handbags will feature heavier fabrics, including a wool blend, appropriate for the fall 2012 season. While the line is evolving, Echo promises more of the patterns its famous for.
"We're playing with the materials ...


Furla Ups Travel Plans | Label Expands Cruise Deal & Opens New Airport Boutiques

Furla Ups Travel Plans | Label Expands Cruise Deal & Opens New Airport Boutiques

Furla seems to be serious about stepping up its influence in the travel sector. The label's just expanded its deal with cruise ship operator Harding Brothers. The new agreement will see its fall/winter 2012 collection carried on 16 ships, rather than the 10 it originally ...


Hermes Wins Copyright Case | Birkin Label Sues Counterfeit Bag Websites

Hermes Wins Copyright Case | Birkin Label Sues Counterfeit Bag Websites

Hermes has come out in top in a major trademark infringement and counterfeiting case. The verdict has netted the fashion firm a hefty $100 million in damages.

Manhattan federal judge Denise Coat ruled in favour of the esteemed fashion house, which brought charges against 34 websites selling ...


Betsey Johnson Files for Bankruptcy | Most Stores to Close Doors

Betsey Johnson Files for Bankruptcy | Most Stores to Close Doors

Betsey Johnson LLC has filed for bankruptcy. The financial foreclosure will see most of the label's 63 boutiques closing their doors in the coming weeks, putting some 350 employees out of work.

While every effort was made to address the company's cash flow concerns, it seemed seeking protection under ...


Raf Simons Named Christian Dior Creative Director | Jil Sander Designer Succeeds John Galliano

Raf Simons Named Christian Dior Creative Director | Jil Sander Designer Succeeds John Galliano

After more than a year of speculation Christian Dior has finally named a successor to John Galliano. Raf Simons, the former creative director of Jil Sander, will step into his very big shoes.

I must admit that I feel a bit sorry for Bill Gaytten in this. He's ...


Christian Dior Posts Big Profits | Fashion House Does Big Business Without Creative Director

Christian Dior Posts Big Profits | Fashion House Does Big Business Without Creative Director

We're all starting to tire of Christian's Dior's reluctance to name a successor for disgraced former creative director John Galliano, but it seems their silence is paying off on the sales front.

When Galliano was shown the door after his anti-Semitic comments I wondered what sort of ...


Vietnam Produces Record Handbags | Asian Manufacture Industry Strengthens

Vietnam Produces Record Handbags | Asian Manufacture Industry Strengthens

Vietnamese handbag makers are confident they'll produce more than $1.5 billion worth of purses this year, which is equivalent to a record increase of 15% on last year's results.

Vietnam's Leather and Footwear Association Lefaso suggests its country's handbag producers can produce 200 million units year, so it's confident they ...


Shoedazzle Scraps Subscriptions | Kim Kardashian’s Website Announces New Business Model

Shoedazzle Scraps Subscriptions | Kim Kardashian’s Website Announces New Business Model

Kim Kardashian's accessories website ShoeDazzle is changing the way it does business. The company cofounded by the reality starlet is canning its subscription model with the hopes more customers will buy rather than hire.

The site's 10 million members previously paid $39.95 each month to ...


Michael Kors Takes on Coach | Forecasts Predict American Fashion War

Michael Kors Takes on Coach | Forecasts Predict American Fashion War

Michael Kors looks to make a big impact in the American marketplace this year, and fashion forecasters predict it'll be bad news for Coach.

Michael Kors Holdings Ltd. wants to more than double its North American stores to 400 and more than quadruple its department store infiltration. We ...


Derek Lam Leaves Tod’s | Creative Director Steps Down

Derek Lam Leaves Tod’s | Creative Director Steps Down

Derek Lam is the latest designer to leave his company. After six years of service, Lam has left his post as creative director of Tod's.

The news seems to have come out of the blue, and neither Tod's nor Derek Lam have shed any light on it. The Italian ...


Yves Saint Laurent Names New Creative Director | Hedi Slimane Succeeds Stefano Pilati

Yves Saint Laurent Names New Creative Director | Hedi Slimane Succeeds Stefano Pilati

Yves Saint Laurent has officially named Hedi Slimane as its new creative director following Stefano Pilati's last stand at Paris Fashion Week.

When news of Pilati's departure hit the media Slimane was tipped to take on the role, but an official statement ...


Lowell Harder Back to Radley | Founder Returns to British Accessories Brand

Lowell Harder Back to Radley | Founder Returns to British Accessories Brand

Lowell Harder is returning to Radley, the brand she created in 1998. Harder's been appointed Radley's non-executive director and consultant. These are vital roles as the British fashion house looks to reposition itself as a more upmarket brand.

Harder's reappointment follows the return of the British label's former ...


Stefano Pilati Leaves Yves Saint Laurent | YSL Creative Director Steps Down

Stefano Pilati Leaves Yves Saint Laurent | YSL Creative Director Steps Down

Stefano Pilati's fall/winter 2012-2013 collection will be his last for Yves Saint Laurent. The creative director is stepping down from his post after eight years with the company.

Pilati has been integral in rebuilding and repositioning the fashion house as a luxury force to be reckoned with. Under his ...


Kenneth Cole Plans Privatization | Designer Wants to Buy Out Investors

Kenneth Cole Plans Privatization | Designer Wants to Buy Out Investors

Kenneth Cole wants his company back. The New York designer is reportedly willing to spend some $148.5 million to buy out Kenneth Cole Productions Inc.'s investors.

It's not like Kenneth Cole has been entirely squeezed out. He serves as his company's chairman and chief creative officer, he has around ...


Raf Simons Quits Jil Sander | Is He Christian Dior Bound?

Raf Simons Quits Jil Sander | Is He Christian Dior Bound?

Raf Simons has stepped down as creative director of Jil Sander following six years of service to the brand. Tomorrow's fall 2012 fashion show in London will be his last for the label.

In a statement Jil Sander said she'll announce Simons' replacement in the ...


Michael Kors Profits Surge | Handbag Label’s Impressive Third Quarter Results

Michael Kors Profits Surge | Handbag Label’s Impressive Third Quarter Results

Accessories are behind big third quarter profits at Michael Kors. The fashion house posted a $39 million profit for the quarter ending December 31, compared with $27.8 million at the same time last year.

Increased sales in watches and leather goods, including handbags and wallets, drove the surge, particularly ...


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 ...


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