All Saints smashes targets, Weaker euro bolsters luxury, Prada IPO talks, Euroluxe in USA, HauteLook’s $31m

All Saints Summer 2010 | Source: All Saints

All Saints Summer 2010 | Source: All Saints

All Saints smashes sales targets after low-key New York launch (Retail Week)
“All Saints has put British fashion firmly on the global map after it racked up sales of nearly $1m (£680,000) in its first week of trading on New York’s Broadway. ”

Weak euro helps European luxury through crisis (Reuters)
“Italian jeweler Bulgari (BULG.MI), fashion house Valentino and French handbag maker Longchamp are among those who said they would benefit from a weaker euro, which makes their sales abroad more lucrative and chips away at their cost base.”

Prada Following Market Trends for ‘Suitable’ Time to File IPO (Bloomberg)
“Prada SpA said it’s following market trends to ‘evaluate the most suitable moment’ to file an initial public offering. The IPO process hasn’t been abandoned ‘but purely put on hold waiting for more favorable and stable financial market conditions,’ Prada said.”

Reuters Summit – Euro luxe brands see room to grow in U.S. (Reuters)
“While ordinary retailers fight for growth in the U.S. market, European high-end designers and store chains still see plenty of room to expand by catering to the most affluent American shoppers.”

HauteLook Scoops Up $31 Million in Financing (NYT)
“The market for private online sample sales is only getting more competitive. On Thursday, the company announced a $31 million Series C round of financing led by Insight Venture Partners.”