Luxury in China Loses Lustre as Wealthy Flee

Dior store in Beijing | Source: Shutterstock

HONG KONG, China — Wealthy Chinese are likely to buy fewer luxury goods again this year after the steepest cut-back on spending in at least five years, changing the game for high-end retailers like Louis Vuitton which have staked their growth on China.

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Market Pulse | Cashing In

Savigny Luxury Index December 2013 | Source: Savigny Partners

Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.

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Luxury Brands Step Up Battle for Travelling Shoppers

Dior concession at London Heathrow Airport | Source: Heathrow Airport

PARIS, France — Luxury brands are stepping up the battle for travelling shoppers with more outlets at airports and on cruise ships, tapping into one of the fastest growing sections of the market that looks set to keep booming thanks to soaring numbers of Asian tourists.

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Luxury Goods Theft Causes Hermès Collection Preview Cancellation

Hermès Autumn/Winter 2013/14 Campaign | Source: Hermès

MILAN, Italy — Hermes accessories worth 400,000 euros ($550,900) were stolen in Milan, forcing the French luxury goods group to cancel a presentation on Wednesday even after the items were recovered by police, a company spokeswoman said.

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Market Pulse | Syria Crisis Pours Cold Water Over the Savigny Luxury Index

Savigny Luxury Index August 2013 | Source: Savigny Partners

LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.

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