HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
LONDON, United Kingdom — Burberry Group Plc reported fourth-quarter revenue that beat analysts’ estimates, helped by demand for its more expensive products. The stock had the biggest gain in more than six months.
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 1.6 percent in March, outperforming the MSCI World Index (“MSCI”) by just half a percentage point. The SLI has been quite volatile over the month with the eurozone crisis and the US debt ceiling taking centre stage again.
LONDON, United Kingdom — British megabrand Burberry is set to bring its menswear show back to London on June 18, after more than ten years of showing in Milan, as part of London Collections: Men, the city’s standalone menswear week launched two seasons ago.
PARIS, France – LVMH Moet Hennessy Louis Vuitton SA is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years. The $87 billion company could go after Burberry Group Plc, the U.K.’s biggest luxury-goods producer or Tiffany & Co., the New York-based jeweler, according to luxury industry analysts.
LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a
Today, BoF columnist Bandana Tewari reports on Project Renaissance, a unique collaboration between Indian artisans and international fashion brands organised by Vogue India in celebration of the magazine’s fifth anniversary. MUMBAI, India — Living in India, it’s not difficult to see the magic that lies in the country’s artisanal crafts and textiles. From the foothills of the Himalayas to the tip of Kanyakumari, there is tremendous
All He Touches Turns to Cashmere (NY Times) “Greg Chait, the designer of the Elder Statesman, is not someone you would expect to be named the class of 2012’s most likely to succeed. He is laid back in the way that comes from living in Southern California, where he works in a sunny studio in Culver City. His defining feature is a bushy black beard that could easily contain a pair of knitting needles. Ask him how he got his
MILAN, Italy — Sonny Vandevelde was backstage in Milan again this season to give us a behind-the-scenes look into the Milan menswear collections for Autumn/Winter 2013. Accessories were strong, with bold shoes and standout leathergoods from Burberry, Bottega Veneta and Prada. Mrs Prada also advocated a relaxed, but considered geek chic vibe amongst some of the more put together looks in shades of grey, black and beige seen
In Italy, a British Outpost (NY Times) “In other words, Burberry, Dsquared, Cavalli and Gucci are not names you will often read in the same sentence. Yet a pronounced Englishness ran through the collections from each of those houses, making Milan feel temporarily like an extension of the Tuscan region called Chiantishire.” Youth Is Beautiful (IHT) “The passing of the flame from a much older 70-something generation
[caption id="attachment_40392" align="alignnone" width="500" caption="Victoria's Secret Bond Street store video wall | Source: AV Interactive"][/caption] Luxury retailers leading the way with in-store technology (Guardian) "London's famous shopping streets have become a hub for retailers that are transforming the way they engage with consumers, and these stores are some of the most cutting-edge in the world." Amid Tax Scandal, Italy's Bad Boys Of Fashion Dolce And Gabbana Become Billionaires (Forbes) "As Domenico Dolce and Stefano Gabbana ready their latest collections for this spring’s slew of international catwalk shows, their lawyers will be working behind the scenes to ensure two of Italy’s most successful designers won’t be spending the next few Fashion Weeks behind bars." Burberry warns of wholesale revenue drop (FT) "The credit…
Lunch with Christopher Bailey (FT) “Bailey is so famous for his un-diva-ness that it risks overshadowing his fame as the designer responsible for the anointment of Burberry as Britain’s greatest global brand. Since Bailey’s arrival in 2001 as creative director, Burberry has almost doubled its revenues, from £1bn to £1.85bn, and now has 462 stores around the world.” Swatch buys Harry Winston jewelery arm for $750 million