Hermés Goes For Leather
Hermés Cuirs Précieux, Hermés International’s tannery division, has bought French calf leather specialist Tannerie d’Annonay. The price was undisclosed but is part of Hermés’s strategy to integrate suppliers into the company.
A Hermés house representative states, ““This acquisition is in line with the strategy of the Hermès Group in the preservation and the development of its sources of supplies and of the know-how related to them.”
The tannery is located in Annonay in the Rhone valley and houses 80 employees. Hermés made a smart move seeing as two of their most popular handbags, he Kelly and the Birkin bag are both made from box calf.
L’Oréal’s Journey to India
L’Oréal Paris has incorporated a new research and innovation center in India. A product development facility and advanced research unit span across two cities with 55,555 square-feet in Mumbai and 22,222 in Bangalore respectively. The company will employ over 100 Indian researchers and scientists.
In an effort to gain a strong India consumer following, the center will conduct studies on Indian hair and skin types as well as the beauty expectations and routines of local consumers. With the company investing $183.4 Million in the new center over the next five years, L’Oréal hopes that their efforts will pay off.“With one of the highest growths of the group in Asia Pacific, India is a key contributor to L’Oréal’s objective of reaching 1 billion new consumers,” said Jean-Paul Agon, the company’s chairman and chief executive officer. ”The R&I Center in India reflects our confidence in the great potential of the Indian market and our strong commitment to the country. It is in line with L’Oréal’s universalization strategy of adapting our global brands to each culture’s specific needs.”
The research and innovation center in India is L‘Oréal’s sixth global center. The company’s yearly growth rate is more than 20% annually and in 2012 its sales are expected to reach $295.7 million, making the center one smart investment.
Michael Kors California Vibe
For his spring campaign, Michael Kors has channeled a California vibe to emphasize his take on the “crisp, graphic feel of the spring collection in bold California colors.” Kors favorite photographer, Mario Testino, also marking his 10th year shooting the Kors campaign, photographed models Karmen Pedaru and Simon Nessman in LA. The shoot took the jet-setter vibe favored by Kors.
Sadly we must wait to see the full campaign until February where it will launch in U.S. Magazines like W, Vogue, and Harper’s Bazaar. In March, the campaign will launch in 12 international magazines and 25 countries including, for the first time ever, Poland, Australia, Denmark, Sweden, and Norway. The campaign will also be seen in digital and mobile outlets, social media platforms, and outdoor advertising.
Vince’s Founders Say Farewell
Vince‘s founders, Rea Laccone and Christopher LaPolice, are parting ways with the company on February 1st. The duo started the company 14 years ago. Vince’s parent company, Kellwood, plans to take the company public. The sportswear company has grown quickly since it started and is known for its chic, quality basics. Although best known for their wardrobe staples, Vince elevated its product line last year by selling more luxurious pieces at a higher price point. In 2006, Laconne and LaPolice sold the company to Kellwood and it has since grown into a $250 million business. The company has 19 retail stores and sells their clothes to more than 500 independent specialty stores. Before starting Vice, Laccone and LaPolice founded Laundry by Shelli Segal, where Laccone spent 15 years. After working many years in the industry, the duo has decided to take a relaxing break. Next they’re headed to Africa for some well-deserved rest and adventure.
– Kendall Hill and Claire Mykrantz
Source & Photo: WWD, fashionweekdaily
Tags: HermÃ©s's purchases french calf leather specialist Tannerie d'Annonay, L'OrÃ©al opens new research and innovation center in India, Michael Kors California Vibe, Rea Laccone and Christopher LaPolice, spring campaign, Vince Founders Say Farewell