A round up of the best fashion business stories from the weekend’s newspapers.
- “Taste is an awful word. It’s just stuff”, Marc Jacobs told The Sunday Times following the launch of Louis Vuitton’s spring 11 collection. Jacobs, who is chief designer and artistic director at Louis Vuitton, also took aim at the fashion industry’s obsession with the cool, minimalist output of young British designers. “I’d rather be camp. I’d rather be decadent. I’d rather go out and shine and be loud and say, You know? I can get real clothes at the Gap. I don’t need that from designers.”
- Meanwhile, Phoebe Philo, creative director of Celine, had lunch with The Financial Times to discuss her why she joined the fashion house and how she set about overhauling its design philosophy.
- Gap has backtracked on a substantial relaunch of its renowned logo just three days after it was unveiled, the FT Weekend reported. After online abuse from both customers and graphic designers on blogs after it was unveiled on Gap’s US website on Monday, the clothing retailer used its Facebook page to announce it was seeking alternative ideas from its fans and critics through a “crowd sourcing” project.
- N Brown will reveal almost 30% profits uplift for the first half of its financial year on Thursday. It is expected to report pre-tax profit of £43m for the 26 weeks to August 28 compared with £33m the year before, the Sunday Express reported.
- Burberry will report double-digit growth this week on the back of a strong showing in emerging markets and high-flying sales of the aviator jacket, The Sunday Times reported. It is forecast to report a 15% increase in first-half revenues to about £633m.
- Superdry is suing menswear retailer Officers Club for damages, which it accuses of copying its JPN logo, the Mail on Sunday reported. Fox Williams, the solicitors representing Superdry, said it was pursuing more than 50 cases for Superdry worldwide.
- Mary Portas is considering launching her own clothing line aimed at the 40-plus women’s market, the Sunday Express reported.