Accessible Luxury Snaps at Heels of Mega Brands

Michael Kors S/S 2014 campaign | Source: Michael Kors

PARIS, France — While Gucci and Louis Vuitton blame slumping sales on their upmarket drive they argue will help them regain some of their lost glory, there is growing evidence they are losing out to newer, more affordable luxury brands.

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Market Pulse | A Boost in Confidence

Savigny Luxury Index February 2014 | Source: Savigny Partners

The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.

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