We hadn’t heard that Coach had poached a Vice President from Louis Vuitton, but the news came to us yesterday by way of a The Fashion Law post detailing Louis Vuitton North America’s new lawsuit against the American leather goods stalwart and one of its newest executives, Joon Ma.
In The News(Page 5)
Fashion is an industry of rarity, but the news late last week from Mulberry may be the rarest thing we’ve seen in recent memory. On the heels of former CEO Bruno Guillon’s exit, the company has announced it will return to a price structure similar to the one it used before he took the helm of the brand two years ago.
This year, footwear virtuoso Giuseppe Zanotti marks 20 years of his eponymous brand, and he’s doing so in highly glamorous fashion. To commemorate the occasion, the company has released Jewel, the first of four anniversary capsule collections, this one featuring Zanotti’s popular flat sandals reimagined in gold with glittering details.
Late last week, word broken that more than $100,000 worth of clothing, shoes, handbags and accessories had been swiped from Saint Laurent’s Chicago boutique in a brazen smash-and-grab robbery in the middle of the night, and now we’ve received an interesting note from a tipster: a Saint Laurent Crocodile Sac de Jour Bag, priced at over $29,000, was among the loot missing from the store when the cops arrived.
It’s been a turbulent year for handbag favorite Mulberry. First, creative director Emma Hill left at the end of last summer, amid rumors that she and management weren’t exactly getting along. Now, word broke late last week that CEO Bruno Guillon has up and quit, ending his short run with the brand, which Reuters characterized as “turblent.” What happens from here?
What’s that you say? The world’s most expensive and exclusive handbags have the most expensive luxury retail address on Madison Avenue at which to rest their rarified haunches in anticipation of being scooped up by the world’s elite? Preposterous.
Ok, so it’s not exactly shocking that the Hermes flagship boutique at the corner of Madison Avenue and 62nd Street, smack in the middle of Manhattan’s toniest retail district, pays the most rent per square foot of space on the famed avenue.