Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

…Continue Reading

The Long View | As Luxury Growth Slows in China, Attention Turns to Mass Contemporary

Veronica Chou | Photo: Courtesy Iconix China

HONG KONG, China — According to a closely watched report recently published by Bain & Company, a consultancy, and Italian luxury goods trade organization Altagamma, luxury sales growth in China has started to slow. Consumer spending on luxury apparel, accessories and other personal items is expected to climb by a relatively modest 8 percent in 2012, compared with 30 percent last year, leaving many wondering where future growth

…Continue Reading

Spring/Summer 2013 | The Season That Was

Hedi Slimane versus Raf Simons, as see by the fashion media | Source: WWD, BoF, IHT and The Cut

LONDON, United Kingdom — Whereas previous fashion seasons were dominated by designer departures, meltdowns and final exits, this season the narrative focused on two of the fashion world’s most celebrated designers, Raf Simons and Hedi Slimane, and their respective ready-to-wear debuts at two of the industry’s most important houses, Christian Dior and Yves Saint Laurent. On the first day of Paris Fashion Week, BoF ran

…Continue Reading

Market Pulse | Burberry Causes a Downpour

Savigny Luxury Index September 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) lost 6.9 percent in September, underperforming a flat-ish MSCI World Index (MSCI) by nearly seven percentage points.  Burberry’s profit warning sent the sector into turmoil mid-month and no amount of good news from the likes of Prada and Michael Kors could lift investors’ spirits. Big news Burberry announced a substantial slowdown in sales growth, with same store sales

…Continue Reading

Raf Simons, Hedi Slimane and the Tectonic Shifts of the Paris Fashion Establishment

A look from Dior Couture Fall/Winter 2012 | Source: Nowfashion.com

PARIS, France — With fabled fashion innovators Raf Simons and Hedi Slimane scheduled to make their respective ready-to-wear debuts at Dior and Saint Laurent, two of French fashion’s most iconic houses, the stage is set for a historic Paris Fashion Week. And indeed, the conversation amongst editors, buyers and other industry insiders assembling here in the world’s fashion capital is charged with palpable excitement. BoF spoke to

…Continue Reading

Burberry’s Bet on Retail Entertainment

Burberry Regent Street flagship | Source: Burberry

LONDON, United Kingdom — Much has already been written about the opening of Burberry’s new flagship on London’s Regent Street — the sophisticated digital technology, the impressive multimedia event space, and all that Burberry product, housed in 27,000 square feet of selling space, about the same size as the landmark Apple Store just up the street. The flagship is said to be a “test hub and template” for future Burberry stores

…Continue Reading

Market Pulse | Back in the Tourist Business

Savigny Luxury Index August 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points.  Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven

…Continue Reading

Market Pulse | Same Story, Different Month

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) inched up 1.0 percent in June, relative to an uplift of 2.8 percent in the benchmark MSCI World Index (“MSCI”).  Newsflow from China continued to worry investors and sector results, although strong, did show signs of a slowdown in growth over the last few months. Big news China’s growth rate slowed for a sixth consecutive quarter to its slackest pace in over three years

…Continue Reading

Making Sense of the YSL Retrobranding

PARIS, France — When Hedi Slimane was appointed creative director of Yves Saint Laurent, last March, YSL’s parent company, PPR, gave the designer “total creative responsibility for the brand image and all its collections.” Only a few months into the job, Slimane has started with a bang, dropping the first name of the company’s iconic founder in a significant rebranding — from “Yves Saint Laurent” to “Saint Laurent Paris” — sending

…Continue Reading

Market Pulse | Worry in China, Drama in Europe Weigh on Luxury Sector

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom —  The Savigny Luxury Index (“SLI”) fell 4.2 percent in June, relative to an uplift of 4.0 percent in the benchmark MSCI World Index (“MSCI”).  Worrying news out of China, the continued drama of the European debt crisis and downward revisions in growth estimates for 2012 caused the sector to go out of favour. Big news The month started off with a bang: China announced a slowdown in its factory output for the

…Continue Reading

The Art and Science of Valuing Vintage

LONDON, United Kingdom — Falling under the spell of a beautiful dress, a gorgeous pair of shoes or a well-crafted handbag is no strange feeling for followers of fashion. Falling in love with a piece that was first worn 30 years ago and has been waiting, it seems, just for you to discover it, is all the more rare. This is the magic of vintage fashion. It’s what makes pre-owned Hermès bags go for double their estimated value at

…Continue Reading

BoF Celebrates 5 Years in Florence

BoF Celebrates 5 Years at Polimoda, 21 June 2012, Florence | Photo: Polimoda

FLORENCE, Italy — Following back-to-back parties to celebrate our 5th anniversary in New York and London earlier this year, on Thursday evening, members of the fashion community gathered at the Villa Favard in Florence, home of Polimoda, for another spectacular birthday bash. Under the direction of Linda Loppa, Polimoda is quickly emerging as Italy’s leading fashion school. And it’s no wonder. Herself a graduate of

…Continue Reading