March 9, 2010, - 2:53 pm
Paris Fashion Week’s Lesson: No, Women Can’t Have it All (Someone Pays the Price)
It’s Paris Fashion Week, where all the top high class designers show their stuff on the runways of France’s fashion center. And on the “Marketplace” front page of today’s Wall Street Journal, there’s a story about LVMH, the haute couture investment company that owns Louis Vitton, Moet, and Hennessy brands, among other names synonymous with expensive taste. LVMH also owns the French fashion design house, Celine, and the story is about LVMH’s turnaround of the financially troubled brand.
Pregnant Designer Phoebe Philo Left Investors Holding the Bag
But that story isn’t important. What’s important–and what struck me–is the brief reference to the new fashion designer, Phoebe Philo, whom LVMH hired to turn the Celine brand around. Philo is the symbol of why and how feminism doesn’t work. She’s the spokesmodel for “no, women, you cannot have it all, but if you insist on it, someone will pay the price.” In this case, those paying the price are investors in Chloe, the French fashion label for which Ms. Philo previously designed.
For five years, the British Phoebe Philo designed clothing for Chloe, another expensive brand whose price tags say only the very rich need try the clothes on. As head designer at Chloe, she created a popular purse, the Paddington bag and developed a huge following, more than doubling its sales. But all of this took place only via huge investment from Chloe’s financiers, who’ve since lost out. You see, Ms. Philo decided to quit suddenly, taking two years off to focus on raising her family. And this week, Fashion Week, the company is on its third head designer since Philo quit. It’s not working out.
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Tags: British, Celine, Chloe, daycare, Feminism, London, LVMH, motherhood, Phoebe Philo, someone pays the price, working mothers, you can't have it all