Luxury spending rebounds, Mr. Miuccia, Della Valle ups Saks stake, Tokyo sets sights on new gen, Return of the it bag?

Roger Vivier Miss Viv | Source: Holt Renfrew

Roger Vivier Miss Viv | Source: Holt Renfrew

What The Rich Are Buying Now (Forbes)
“While most consumers aren’t returning to their pre-recession shopping patterns, there has been a rebound in luxury spending lately. Ultra affluent shoppers … have started to come out of hiding”

Miuccia and Me (WSJ)
“Bertelli, is the mastermind behind a label most people associate with his wife, Miuccia Prada, the avant-garde designer who has created global sensations out of industrial nylon black backpacks, wallpaper-motif pleated skirts, tiedyed dresses and thick high-heeled wedge shoes, to name just a few.”

Italy’s Della Valle ups stake in Saks to 7.1 pct (CNN Money)
“Italian businessman Diego Della Valle increased his stake in Saks Inc with a series of stock purchases this week, strengthening his position as the second-largest investor in the U.S. upscale department store operator.”

Fashion to hit Tokyo’s runways (Independent)
“Japan has produced some of the world’s most famous designers – from Issey Miyake to Rei Kawakubo, Yohji Yamamoto and Hanae Mori – and the Japan Fashion Week Organization is aiming to build on their reputations for a new generation of fashion geniuses at the same time as enhancing Tokyo’s reputation as the center of the fashion business in Asia.”

It bags are back as luxury brand sales soar by 60% (Daily Mail)
“Fashion insiders have long been predicting its death. But it seems there is still life in the old ‘It bag’ yet. Selfridges says that it has seen a 60 per cent increase in the past year in sales of ‘must-have’ luxury handbags.”