Luxury Spending in Europe Hit By Drop in Tourist Demand

Tourist shopper at Louis Vuitton boutique | Source: Reuters

PARIS, France — Most luxury goods groups will not publish first-quarter figures until at least later this month, but anecdotal evidence is growing of at least a temporary slowdown in spending by travelers, which analysts say could be linked to worries about the global economy and tax increases in Europe, as well as the tough stance taken by China's new president Xi Jinping on illegitimate gift-giving.

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Milan Fashion Week Opens with Hopes of Economic Comeback

Gucci Autumn/Winter 2013 | Source: Reuters

Designers kicked off Milan fashion week on Wednesday with bold collections to persuade Italian shoppers that the worst of the economic crisis is over and it is time to hit the stores again. Fashion houses including PPR’s Gucci, Giorgio Armani and Prada are among the top names showing their womenswear 2013-14 autumn-winter collections, taking up the baton from catwalk shows in London. “I have great hopes for this country

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Following the Thread of India’s Artisans

Left: Alberta Ferretti for Kanchipuram silk; Right: Burberry for Maheshwari silk | Photo: Matthew Shave

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

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Photo Diary | 10 Fashion Moments in Milan for Menswear A/W 2013

Prada A/W 2013 | Photo: Sonny Vandevelde

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

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Italy’s British outpost, Beautiful youth, Changes at Lucky, Luxury’s big secret, Model lawsuit

Dsquared Autumn/Winter 2013 | Source: NOWFASHION

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

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Shanghai express, Calm after storm, Kors strengthens, Italy’s shoemakers, Parsons in Paris

Gucci Autumn/Winter 2012 | Source: Gucci

Frida Giannini: Gucci’s Shanghai express (Telegraph) “Gucci’s first two shops on the Chinese mainland opened in Beijing and Shanghai in 1997, three years after Tom Ford started to transform the brand. Today there are 53 stores across 33 cities, and counting. So it is not surprising that Giannini has decided to spend some time getting to know Shanghai before continuing on to Seoul in South Korea for a store opening

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Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

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Savvy sisters, Menswear e-tailers, Gucci’s tough trading, Pitti picks, Miyake’s experiments

Ashley and Mary-Kate Olsen by Amy Troost | Source: WSJ Magazine

Sisters of the Divine (WSJ Magazine) “Watching Mary-Kate and Ashley Olsen pose for a photo shoot is like watching a hypnotic piece of performance art. Former child stars, extraordinarily savvy brand nurturers, founders and owners of an estimated $1.5 billion business empire and, now, designers of the critically acclaimed high-end fashion line The Row, the Olsens have spent the great majority of their 26 years either in front

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Chinese artisans, Gucci may join Yoox JV, Dior Homme, Impossible Wardrobe, Casely-Hayford

Burberry Beijing flagship store | Source: Maosuit

The luxury that dare not speak its name (FT) “But China is no longer just the sweatshop of the world that churns out cheap T-shirts and jeans. The high costs in Europe have meant that many artisans have moved to China, while local manufacturers have also benefited from a transfer of knowledge that has taken place since the country became an outsourcing centre more than three decades ago.” PPR May Include Gucci in Luxury

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