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

| Daily Digest

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

…Continue Reading

Market Pulse | Same Story, Different Month

| Market Pulse

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

…Continue Reading

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

| Daily Digest

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

…Continue Reading

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

| Market Pulse

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

…Continue Reading

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

| Daily Digest

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.”

…Continue Reading

23456