Is H&M Going Luxury?

on September 3 2010 | in Fashion Retail | by | with 1 Comment

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Swedish apparel retailer H&M has brought in a slew of big name, high fashion designers such as Karl Lagerfeld, Stella McCartney, Sonia Rykiel and Jimmy Choo to collaborate on collections.

The retailer reveals Lanvin, France’s oldest couture house, will be the latest addition.

The collection of womenswear and menswear, designed by Lanvin’s artistic director Alber Elbaz and menswear designer Lucas Ossendrijver, will be available in 200 stores worldwide on November 23.

Lanvin will bring to H&M the hallmarks of their main line collection and hopes to upgrade H&M to luxury. “I have said in the past that I would never do a mass-market collection, but what intrigued me was the idea of H&M going luxury rather than Lanvin going public,” said Elbaz.

H&M creative advisor, Margareta van den Bosch agreed, “Lanvin will bring to H&M a luxurious French tradition that is also modern and playful. It is very much a Lanvin collection, using their cut and tailoring, with lots of focus on form and details for both women and men.”

H&M has been aggressively expanding in China and now has 27 stores, 14 of them opened in 2009. Much of the retailer’s focus in 2009 was Beijing. Its first flagship store opened in the capital on Qianmen Street in April 2009 and its second store opened one week later in the Xidan commercial area. H&M also launched two new specialty stores in Shanghai and one flagship store in Hong Kong.

H&M entered the Chinese market in 2007 and opened its first specialty store in Hong Kong.
 
[daily mail]

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One Response to Is H&M Going Luxury?

  1. I believe we all know the answer to your title ? :.)

    This is really more as a yearly marketing buzz with a great concept that a trend which H&M wishes to follow in the coming decade.

    I’d be curious to know if they actually make money ( if yes, how much) with those collections as the cost of the designer must be enormous… but it sure does bring hundreds of housands of clients in the stores to purchase their other products.

    That’s where they really make money.

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