Appetite for luxury, Forerunner’s $40m fund, Billabong bid, September ad counts, Fashion Olympics

Louis Vuitton Autumn/Winter 2012 | Source: Luxury Insider

Emerging markets buy into luxury (FT)
“Emerging market appetites for high-end handbags, fashionwear, champagne and cognac appeared to be holding up in the first half of the year, according to results from the French luxury goods groups LVMH and PPR.”

Forerunner Ventures, an All-Female Firm, Raises $40M Institutional Fund (WSJ)
“Despite investing in 21 digital commerce start-ups, some of them prominent, Forerunner Ventures has stayed in the shadows until now. On Thursday Forerunner Managing Partner Kirsten Green stepped forward to announce the firm’s first institutional fund, a $40 million fund for mobile, social and e-commerce start-ups that was raised in five months and closed last week.”

Billabong receives fresh bid from TPG (FT)
“Billabong, the struggling Australian surfwear company, has received a fresh takeover bid from US private equity group TPG, sending its stock price up by a fifth.”

Magazine Publishers Release September Ad Counts (WWD)
“While some titles — Elle and InStyle — crowed this week of breaking their own records for the all-important September issues, other publishers are contending with advertising figures for the month that are much softer than expected.”

The Fashion Olympics (Vogue UK)
“The London 2012 Olympics begins tonight and looks set to be the most stylish sporting event in history – with designers from all over the world showing their support for their respective countries.”