Market Pulse | Fears Over China Trigger Luxury Sell-Off

Savigny Luxury Index September 2011 | Source: Savigny Partners

LONDON, United Kingdom — The seemingly unflappable luxury market continues to waver, with growing worries that China’s booming economy — the driver for much of the rapid growth of luxury brands in the past few years — is beginning to slow down. As a result, every major luxury brand has been hit, and hit hard. Big news • Luxury stocks suffered a steep sell-off in the last ten days of September as hedge funds moved out of the

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Pump up the volume, Instagram’s pull, PPR confirms Brioni talks, Throwaway fashion, Proenza power

Proenze Schouler | Source: Modern Wearing

The Volume Stays Up (NY Times) “There seems to be no escape from the orgy of prints and color consuming the runways. It continued on Tuesday at Rodarte and Vera Wang, with runny floral patterns. It struck on Monday with ice-cream pastels at Preen, tribal prints at Donna Karan and blazing red at Ohne Titel… But if you look at many of the prints that have appeared this week, and the way they were handled, you don’t find

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Brioni shock, Interpreting sustainable luxury, Slim’s Saks stake, Hong Kong retail precedent, Germany on the radar

Mary-Kate and Ashley Olsen | Source: The Lux Beat

Brioni Shock (Vogue UK) “Brioni is ending its womenswear line, and its contract with the label’s creative director Alessandro Dell’Acqua. Brioni’s manufacturing plant in Italy, which was dedicated to the production of the brand’s womenswear collections, will be shut down in September.” Why luxury goes hand in hand with sustainability (Guardian) “As social and environmental stresses increase

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BoF Daily Digest| PPR eyes Brioni, Proenza Schouler’s new deal, Forever 21 arrives in London, Beckham at H&M, Behind Swarovski

PPR eyes Brioni (Reuters) “French luxury goods and retail group PPR is considering buying family-owned Italian tailor Brioni for about 350 million euros ($508.4 million)… The deal, if it goes ahead, would allow PPR to make further progress on its pledge to get out of retail and make luxury and sports brands its central focus.” A Proenza Schouler Deal Is Near (On the Runway) “A European private-equity firm is expected to

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Futuristic fashion shows, The Brioni woman, Digital Vuitton, Paris’ dilemma, Roitfeld talks Vogue

Is a Runway Show Really Necessary? (IHT) "In [the film's] bravura, its beauty and its possibility of going viral to hundreds of million of people... this grand slam in the virtual world poses a question that is increasingly being asked by both designers and executives: Is a fashion show really necessary?" Imagining the Brioni Woman (WSJ) "Mr. Dell'Acqua's task is to inject his romantic, feminine-but-not-frilly aesthetic into a label whose womenswear has in the past seemed severe... The designer is taking a surprising approach for a brand associated with chairmen of the board." Louis Vuitton ramps up social media, mobile engagement efforts (Luxury Daily) "Luxury icon Louis Vuitton is accelerating efforts to engage its legion of fans through social media…

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Guess’ European push, Shoes on the rise, India in refocus, Debenhams acquires Magasin, Brioni and the RCA

Guess? Autumn/Winter 09 | Source: Guess?

Guess Sets Its Sights on Europe (Business Week) “The iconic maker of fashion jeans and other apparel is expanding fast in Europe with a new retail push and tighter control of its brand.” A Not-So-Guilty Pleasure (NY Times) “For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine — and shoes.” Luxury brands are back to

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Brioni adapts to crisis, Escada shares plummet, July clothing sales, Luxury in Singapore

A teacher explains the art of tailoring to a student at the Brioni tailoring school in Italy

Brioni, Suitmaker to Presidents, Adapts to Crisis (New York Times) “The fashion house Brioni is best known for dressing James Bond in black tie and creating hand-sewn custom suits that start out at $4,000 and run as high as $47,000. But this fall it is adding something a lot more humble to its lineup: a T-shirt.” Escada Plummets as Bankruptcy Looms on Last Day of Bond Exchange (Bloomberg) “Escada AG dropped 26

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Designers’ reaction in Paris, Luxe prices, Barneys’ Socol replaced

Raf Simon a/w '09-'10, photo courtesy of the New York Times.

Fashion: How Do You Sell in Paris? With Romance (The New York Times) In Paris, “unless the economic crisis worsens, designers are not likely to react in a meaningful way. That’s because men’s fashion has enjoyed an incredible run among young consumers in the last decade, with some of the strongest interest directed to tailoring.” The $43,000 Recession Suit (WSJ) With many retailers staying conservative amid the

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Japanese recession, Brioni sells stake, Phillip Green, Westfield London

Japan slips into recession (FT) According to FT, "the Japanese economy entered its first recession in seven years." Brioni Seeks Minority Investor (WWD) Brioni is said to be selling a 20-25 percent stake of its company. The Green revolution: Sir Philip Green (The Scotsman) Sir Phillip Green will have his eye on the many high-street fashion companies up for sale next year. Will London's First Luxury Mall Spur Spending? (Ad Age) A faltering economy and the fact that malls are not a huge part of the European shopping culture could make Westfield London a tough sell. Street scene in Shibuya, Tokyo courtesy of  Guwashi99, under Creative Commons.

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