
Diesel founder considering jewelery and Japan to beat slowdown
ROME (Reuters) - Diesel brand founder Renzo Rosso is considering expanding into jewelery and launching a new project in Japan to fuel growth at his fashion group despite the global economic turmoil. Known as the "King of high-end casualwear", the rockstar-looking businessman is one of the most dynamic figures in a fashion industry threatened by a slowdown in its core markets. A painful recession in southern Europe and a slowdown in China are forcing European brands to come up with new ideas to lure consumers back into their stores.
Source: Fashion News Headlines - Yahoo! News
Diesel Founder Taken Aback By Race For Young Designers
By Astrid Wendlandt PARIS (Reuters) - Renzo Rosso, the founder of Diesel, says competition for hot designers is now as intense as for football stars, as shown by the speed at which big luxury groups such as LVMH are investing in promising new fashion names. "Fashion is like soccer, only champions make a difference," said the tattooed 58-year-old entrepreneur as he sat in the showroom of one of his brands, Maison Martin Margiela, in a converted 19th century convent in Paris. Earlier this month, two fledgling British fashion brands Rosso had been following for more than two years, J.W. ...
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