ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.
From shoes to handbags to ready-to-wear, the price of designer fashion has increased precipitously over the last decade. What’s driving the rising prices? And how high can they go?
PARIS, France — A once-grand opera house that's now a scene of decaying rubble was the latest remarkable venue for Chanel's haute couture. The setting saw Karl Lagerfeld carry off a dark, expressionist-tinged fall-winter 2013 collection — the glitter of embellished clothes contrasted with the faded romance of grimy curtains, a dark theatre stage and old wooden stalls.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
As 3D printing systems become better and cheaper, the designer eyewear market may soon start to feel the effects, with potentially wide-ranging implications, from product development to counterfeiting.
LONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.