{"id":3767,"date":"2010-08-31T22:08:47","date_gmt":"2010-08-31T22:08:47","guid":{"rendered":"http:\/\/zmetro.com\/?p=3767"},"modified":"2010-08-31T22:08:47","modified_gmt":"2010-08-31T22:08:47","slug":"relocated_desig","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=3767","title":{"rendered":"Relocated Designer Labels"},"content":{"rendered":"

Henny Sender and Vanessa Friedman
\n<\/a>: <\/p>\n

Just weeks after Mr Obama was inaugurated wearing a Hickey Freeman suit, HMX, the Chicago-based owner of that brand as well as Hart Schaffner Marx among others, filed for bankruptcy protection. After an auction in August last year, Mumbai-based SKNL became the latest Asian group to buy a collection of premier western fashion brands.
\nIn doing so, it joined Megha Mittal, of the Indian Mittal steel dynasty, who last year bought the German luxury brand Escada; Li & Fung of Hong Kong, which two years ago snapped up Hardy Amies, couturier to Britain’s royal family; and Hong Kong-based S.C. Fang & Sons, which bought Pringle of Scotland in 2000.
\nFrom individual consumers of luxury goods, the Chinese and Indians have become consumers of luxury companies, in a shift that has far-reaching implications for the $80bn (\u20ac63bn, \u00a352bn) a year industry. Many of the recent acquisitions have been driven by a wish to raise production standards in Asia and, in the long term, change a tenet of the luxury industry: the importance of production in “country of origin”. The notion that to merit its price tag, a luxury item must be made in the country where it is designed and where its label was born is on the wane.<\/I><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Henny Sender and Vanessa Friedman
\n<\/a>: <\/p>\n

Just weeks after Mr Obama was inaugurated wearing a Hickey Freeman suit, HMX, the Chicago-based owner of that brand as well as Hart Schaffner Marx among others, filed for bankruptcy protection. After an auction in August last year, Mumbai-based SKNL became the latest Asian group to buy a collection of premier western fashion brands.
\nIn doing so, it joined Megha Mittal, of the Indian Mittal steel dynasty, who last year bought the German luxury brand Escada; Li & Fung of Hong Kong, which two years ago snapped up Hardy Amies, couturier to Britain’s royal family; and Hong Kong-based S.C. Fang & Sons, which bought Pringle of Scotland in 2000.
\nFrom individual consumers of luxury goods, the Chinese and Indians have become consumers of luxury companies, in a shift that has far-reaching implications for the $80bn (\u20ac63bn, \u00a352bn) a year industry. Many of the recent acquisitions have been driven by a wish to raise production standards in Asia and, in the long term, change a tenet of the luxury industry: the importance of production in “country of origin”. The notion that to merit its price tag, a luxury item must be made in the country where it is designed and where its label was born is on the wane.<\/I><\/p><\/blockquote>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3767"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3767"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3767\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3767"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}