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Morning Hemlines: Vegas, Christian D...   Morning Hemlines: LVMH, Richemont, R...
Aug 7 2008 10:15AM EDT

Morning Hemlines: Webzines, Ralph Lauren, Moncler, Puma and Cartier v. Donna Karan

Advertising dollars head online as fashion webzines mimic mainstream fashion publications and find an audience. Can enough of these sites gain traction with consumers to ruin business for their print competitors? (NY Times)

First quarter results indicate that Polo Ralph Lauren's cost and distribution controls have paid off in more sales at higher profit margins. Ralph Lauren, chairman and C.E.O., thanks aggressive marketing and sponsorship deals. (WWD)

Despite the global economic climate, The Carlyle Group has acquired a minority stake of 48 percent in luxury sportswear company Moncler SpA. (DNR)

Puma reports second-quarter profit increase thanks to tightening cost controls, despite an inflated advertising budget; net income is up from the same period last year. (Bloomberg)

Cartier sues Donna Karan for use of the word "Tank," which it claims to have copyrighted. (NY Post)

by Sean Santiago

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