Ebay’s luxury foray, UK textile boost, Coach wins counterfeit case, Art of individuality, Fashion florist

Xiu.com screen shot | Source: Xiu.com

Ebay makes renewed foray into China (FT) “Ebay is to make a renewed push into China via a partnership with xiu.com, a local online retailer of luxury goods. The US group plans to focus on importing high-end western goods at discount prices, taking advantage of a growing desire for such items in China, but without wading into the fierce competition of the domestic market.” Cable backs plan to boost textile industry (FT)

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Uniqlo.com’s US launch, Coach rebounds, Puma profits slump, Pinault’s POV, Nicola Formichetti

Uniqlo.com screen shot | Source: Uniqlo.com

Uniqlo.com to the Rescue of Middle America (Business Week) “Uniqlo, the Japanese clothes giant, launched an online shopping site in the U.S. this week. This may not seem like important news to many, but to a certain American consumer—think very well-dressed, without much money, and living between the coasts—it is like a food drop from a Marshall Plan plane in 1940s Berlin.” Coach bags an earnings rebound (FT)

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Model maker, LVMH dilemma, Coach loses lustre, Reviving UK factories, Fashion wisdom from Dries

Mario Testino | Source: All Art News

Mario Testino interview: the man who makes models super (Observer) “At 57, the world’s most prolific magazine photographer is just getting started. It’s only 15 years, after all, since his career exploded in the wake of his 1997 Vanity Fair shoot with Diana, Princess of Wales. In 2010 he shot the engagement photos of Wills and Kate, and it’s entirely conceivable that, should the time come, he’ll

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Market Pulse | Back in the Tourist Business

Savigny Luxury Index August 2012 | Source: Savigny Partners

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

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Week in Review | François-Henri Pinault CEO Talk, Etienne Russo, The Man Repeller, Luxury Index falls

Week in Review July 30- August 3

BoF Exclusive | François-Henri Pinault, Chairman and Chief Executive Officer, PPR (CEO Talk) “On the day of the official announcement of a major joint-venture between PPR and YOOX Group, BoF’s Imran Amed speaks to PPR chief executive officer François-Henri Pinault for a global exclusive interview on how the new partnership fits into Mr Pinault’s digital vision for PPR.” Etienne Russo, Fashion Show Producer (The Creative

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Market Pulse | Same Story, Different Month

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) inched up 1.0 percent in June, relative to an uplift of 2.8 percent in the benchmark MSCI World Index (“MSCI”).  Newsflow from China continued to worry investors and sector results, although strong, did show signs of a slowdown in growth over the last few months. Big news China’s growth rate slowed for a sixth consecutive quarter to its slackest pace in over three years

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Coach’s competition crisis, Olympic effect, J.Crew in HK, Fashion trucks, Unconventional models

Coach Spring/Summer 2012 | Source: My Daily

Coach Droops As Kors Grabs Handbag Customers In Slowdown: Retail (Bloomberg) “The largest U.S. maker of luxury leather goods is facing rising competition from companies, such as Michael Kors Holdings Ltd, piling into the lucrative handbag category that Coach has dominated for more than a decade.” London awaits Olympic effect on trade (FT) “To many Londoners, however, the city is looking and feeling emptier than

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Market Pulse | Worry in China, Drama in Europe Weigh on Luxury Sector

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom —  The Savigny Luxury Index (“SLI”) fell 4.2 percent in June, relative to an uplift of 4.0 percent in the benchmark MSCI World Index (“MSCI”).  Worrying news out of China, the continued drama of the European debt crisis and downward revisions in growth estimates for 2012 caused the sector to go out of favour. Big news The month started off with a bang: China announced a slowdown in its factory output for the

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Richemont beats estimates, Brazil rising, Sportswear gold, My-wardobe in Asia, After J.Crew

Richemont CEO Johann Rupert | Source: Connecting Watches

Richemont Full-Year Profit Beats Estimates on Asian Sales (Bloomberg) “Richemont, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region. Net income climbed 43 percent to 1.54 billion euros ($1.96 billion) in the 12 months through March 31, the Geneva-based company said today in a statement.”

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