Wobbles in China, Aquascutum acquisition, Tod’s up on US strength, Luxup launch, Curating cool

Burberry store Beijing | Source: Bloomberg

Europe’s Luxury Rally Founders as China, Greece Hurt LVMH (Bloomberg)
“The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern slower economic growth in China and renewed euro-area political turmoil after Greece’s inconclusive election will choke off demand.”

China’s YGM takes Aquascutum off the shelf (Reuters)
“YGM Trading Ltd has agreed to buy Aquascutum, the failed luxury clothes maker that has dressed royalty and politicians, for 15 million pounds ($24 million) in the second Chinese acquisition of a venerable British brand this month.”

Shoemaker Tod’s Q1 EBIT up 2.4 pct on strong US sales (Reuters)
“Italian luxury shoemaker Tod’s reported on Thursday a 2.4 percent rise in first-quarter earnings before interest and taxes (EBIT) to 57.3 million euros, driven by strong growth in Asia and the United States that offset sluggish Italian sales.”

Luxup Aims to Woo Traveling Consumers (WWD)
“Luxup, an invitation-only club and editorial Web site targeted at international travelers, is set to launch this summer with the aim to offer the traveling luxury consumer insider fashion and retail experiences.”

Curating a Courtyard of the Cool (WSJ)
“10 Corso Como is a global cool hunting zone—a Milan-based art gallery, design depot, bookshop, publishing house, eatery and hangout for the chic elite who traipse through Italy’s fashion and design center.”