The highly anticipated Commes des Garcon for H&M collection will launch in November 2008 in Japan (via two new Tokyo locations). The collection will be released at international locations some days later. The collection will include mens and womenswear, children's clothing, accessories, and an exclusive Commes des Garcon fragrance. H&M is said to have had designer Rei Kawakubo in mind for some time.
Italian fashion giant Giorgio Armani announces additional retail openings worldwide resulting from a seventeen percent increase in profits last year. Armani is also planning together with Emaar Properties, the Dubai-based Public Joint Stock Company, to launch a chain of luxury hotels and resorts in several big cities including New York, Tokyo, London, Shanghai, and Milan. The company already operates a range of cafes globally, in addition to a bar, restaurant, and nightclub.
CEO Giancarlo Di Risio of Versace reports a thirty-two percent decrease in profits for 2007. Failing to comment in detail, Risio ambiguously states that excessive costs may be the culprit. One of the world's leading international fashion houses, Versace designs, markets and distributes luxury clothing, accessories, fragrances, cosmetics and home furnishings under the various brands of the Versace Group.
British fashion brand Mulberry unveils a collection of animal-printed t-shirts designed by illustrator Julie Verhoeven that, says Verhoeven, are "letting loose the Mulberry menagerie of daft animals". Mulberry primarily sells leather goods and they are especially famous for producing bags, both for men and women. In recent years, their product line has also included furniture.
Ten of Prada’s Summer 2008 prototype pieces including skirts, trousers, and boots are to be auctioned off on April 15th. Proceeds will benefit medical research and training at the San Raffaele Foundation. With its emphasis on bohemian style, Prada is considered one of the most influential clothing designers in the fashion industry.
Research Assistant: Zoe Su