Louis Vuitton Ginza Flagship
Fashion Manufacturing Initiative Eyes Boost for NYC Production
Judging by the many rickety apparel factories scattered throughout the city, the notion might seem like far flung fashion fantasy. Well here comes a new program that hopes to challenge that idea. Andrew Rosen and the Council of Fashion Designers of America in partnership with the New York City Economic Development Corporation this month will launch Fashion Manufacturing Initiative, a effort to raise funds for existing factories here. The objective is to acquire innovative equipment and advanced technology, and implement top-quality worker training.
Louis Vuitton Expands Ginza Flagship
Louis Vuitton will unveil its revamped and expanded Matsuya flagship in Ginza next week, underscoring its long-term commitment to the Japanese luxury market, which is showing signs of a rebound. “We’ve never ignored Japan, even with the rise of China. Japan has always been a top market,” said Michael Burke, chairman and chief executive.The Matsuya store, which will reopen Sept. 14, is the brand’s top-performing unit in its 58-store network in the country. Dating back to 2000, the store originally covered 16,146 square feet. It is gaining a third floor and will encompass an area of 20,451 square feet, carrying the same mix of leather goods, accessories and ready-to-wear but also the brand’s new Ecriture range of pens and stationery.
Hermès Bullish on America
In disclosing a 13.9 percent leap in first-half profits at Hermès International, co-chief executive officer Axel Dumas marveled that the U.S. represents an established market for the company, yet one whose growth axis resembles an emerging country. Dumas noted Hermès would not increase the number of U.S. stores, and would focus more on increasing the size of key units, such as the Beverly Hills flagship, which is slated to open today with 12,000 square feet of selling space.
Next year, Hermès is slated to open a flagship unit in Miami’s Design District and a location at the Buckhead Atlanta, as reported. It also signed a lease to open in Brookfield Place, formerly known as the World Financial Center, due to open in 2014.
– Mehar Singh
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