Hermès’ plans for India, Fashion Week battle continues, eBay’s mobile sales up, Rags to riches, LVMH opens its doors

| Daily Digest

L-R Céline, Comme des Garçons, Miu Miu S/S 2012 | Source: Style.com Source Style.com

Hermès sees sari as way in to India (FT) “It’s perhaps not surprising that the first offer of a sari from a western company comes from Hermès, which last year launched a bespoke Chinese brand, aimed at winning more Chinese customers while resuscitating China’s craft tradition… India’s luxury market has recently captured the attention of European and American fashion houses, as the increasingly affluent elite shrug off years of

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Hermès’ victory, Giles and Ungaro part ways, Responsible luxury, NYFW standouts, Social media drives sales

| Daily Digest

Hermès Autumn/Winter 2010 | Source: IBT

Hermès Scores Victory in Battle With LVMH (NY Times) “Hermès won a major victory Thursday in its battle to torpedo a potential takeover by its larger rival LVMH after a court cleared the French luxury group’s plans to create a holding company that will lock in descendants of the founding family for 20 years.” Ungaro Departure (Vogue UK) “Giles Deacon has left his position as creative director of Emanuel Ungaro… Deacon’s

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Yves Carcelle to exit Louis Vuitton, Split personality, Hermès shares suspended, Uniqlo global, Condé Nast college

| Daily Digest

Louis Vuitton Autumn/Winter 2011 by Steven Meisel | Source: Louis Vuitton

Louis Vuitton picks Constans as new chief (FT) “Yves Carcelle, chief executive of Louis Vuitton, will stand aside at the end of the next year to be replaced by Jordi Constans, a senior executive of Danone, the French yoghurt group. The move, announced by Louis Vuitton’s parent company LVMH on Wednesday, reflects a trend among luxury goods groups to hire senior executives from the consumer goods industry as their rapid

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Market Pulse | Stormy Weather

| Market Pulse

Savigny Luxury Index August 2011 | Source: Savigny Partners

LONDON, United Kingdom — Hurricane Irene wasn’t the only storm wreaking havoc during the month of August. The financial markets were also stormy. Ongoing economic uncertainty on both sides of the Atlantic had investors in a panic, and luxury stocks were were hit hard, though they bounced back towards the end of the month. Big news • August, which is a typically quiet month, has seen some high trading volumes driving

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Lifeline for Hong Kong, Hermès grows, PVH shines, American Apparel fire sale, Savage Beauty to London?

| Daily Digest

Gucci on Canton Road, Hong Kong | Source: Sky Scrapercity

China’s Shoppers Sling a Gucci ‘Lifeline’ to Faltering Hong Kong (Bloomberg) “A stream of customers in Tsim Sha Tsui’s Canton Road yesterday carrying bags of Vivienne Westwood, Gucci and Burberry brand products and speaking in Mandarin, showed that a $350 billion decline in the value of stocks in China since mid-April has failed to kill off the tourist trade. Their spending may help to limit what Morgan Stanley and Daiwa

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