PARIS, France — For the first time since Raf Simons took the creative helm at Dior, the French fashion house is bringing its Haute Couture show to China, with an event to be held in Shanghai on March 30. The show will be a repeat outing of the Spring 2013 Haute Couture collection that was first presented in January during Paris Couture Week and marks the second couture show in China for Dior, which presented its Spring 2012 Haute
BEIJING, China — New Chinese first lady Peng Liyuan's choice of attire has sparked a flurry of excitement over an independent homegrown label, an unusual phenomenon in a country where political figures are more frumpy than fashionable and wives usually shy away from the spotlight.
The European luxury goods sector will continue to expand over the next five years at 6-7 percent, with the majority of growth driven by consumers from new markets, revealing just how dependent the sector has become on emerging economies.
PPR nears sale of Redcats catalogue arm (FT) “PPR is to announce the sale of all or part of its Redcats catalogue business before the end of the month, moving closer to its goal of becoming a pure clothing and accessories company.” Third of Prada managers leave after IPO (FT) “Prada the Italian luxury goods group, lost a third of its top managers in the nine months following its initial public offering last year
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