Cavalli Knows the Time
The Roberto Cavalli Group said Monday it has inked a co-branding agreement with the Swiss haute horlogerie Franck Muller Group for the production and distribution of a “Roberto Cavalli by Franck Muller” watch collection. The timepieces are scheduled to bow globally in fall 2012 and will be available in the designer’s boutiques, Franck Muller stores and selected luxury watch retailers.
Retail prices range from $1,500 to $7,600. The lineup also includes more sophisticated, luxury items at prices exceeding $7,600. “The new watch collection will be able to respond to the different needs of a clientele that is ever more [sophisticated],” said company chief executive officer Gianluca Brozzetti, describing the collection as “an exceptional product” that blends the designer’s “modernity” with Franck Muller’s “special capability” and technique.
Protests at Dolce & Gabbana
Protesters gathered for the third time in a week in front of Dolce & Gabbana‘s Canton Road store on Sunday, accusing the Italian brand of racism and demanding an apology over an incident in which a Hong Kong resident was allegedly barred from taking a photo of the store. About 100 protesters braved the rain Sunday afternoon to stand in front of the Canton Road store, which was closed at the time. Other stores nearby also shuttered their doors, including a Hugo Boss. About 60 protesters assembled Friday evening, according to local media reports.
The protests stem from an incident in late December in which a Hong Kong resident was allegedly barred from taking a photograph of the Dolce & Gabbana storefront. Later, local media reported that Dolce & Gabbana bans Hong Kong Chinese from taking pictures but allows Mainland Chinese and foreign tourists to do so.
Dolce & Gabbana has declined to discuss the specifics of the incident or its policy on photos but it issued a statement last week, stating that “controversial statements reported in the Hong Kong press have not been made by Dolce & Gabbana nor its staff, and we strongly reject any racist or derogatory comments.”
Farfetch.com Plans World Domination
Farfetch.com, an online market place for independent, high-end fashion boutiques world wide, has raised $18 million in its latest round of investment from venture capital firms Index Ventures, eVenture Capital Partners, and its existing investors, Advent Capital Partners.
Farfetch, which launched in 2008, showcases men’s and women’s clothing from some 200 boutiques. “Farfetch.com is growing extremely fast,” said the Web site’s founder and chief executive Jose Neves. We felt it was the right time to scale up our team and operations and seize some fantastic opportunities we have in our core business in Europe and beyond in the U.S., Brazil and Asia.”
– Taneisha Jordan
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