Hermès Reports Record Profitability as Revenue Surges in Asia

Hermès Spring/Summer 2013 Campaign | Source: Hermès

PARIS, France — Hermes International SCA, the French maker of Kelly bags and silk scarves, reported 2012 earnings that exceeded analysts’ estimates as Asian demand soared and proposed a dividend of 2.50 euros a share.

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Market Pulse | Dealing in All Shapes and Sizes

Savigny Luxury Index January 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a

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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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Week in Review | Contemplating Paris Couture, Golden Lane, Online Vintage, Paris menswear moments

Week in Review January 21-25

Colin’s Column | Is Haute Couture Poised for Reinvention or Irrelevance? (Opinion) “Couture! This magic word was all but forgotten 30-odd years ago, except in the most exalted and privileged of social circles. Since its high point in the late 1940s and 1950s, couture clients had shrivelled away just as the lifestyles the couturiers once clothed had withered as well.” Colin’s Column | Paris Couture Week,

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Lemaire’s charm, Cracks in luxe, Richemont declines, Metrosexuals in China, Missoni mystery

Christophe Lemaire by Patrick Swirck | Source: Hermès

The Discreet Charm of Christophe Lemaire (WSJ Magazine) “It’s been two years since Lemaire was hired to replace Jean Paul Gaultier as the designer of women’s ready-to-wear for Hermès. This accounts for less than 10 percent of the company’s sales and is dwarfed by accessories, which have the advantage of being both more iconic… and more accessible, like its silk scarves, watches and enamel

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Billion-dollar Burch, Surviving 2013, Hermès buys tannery, Mobile shopping, Menkes honoured

Tory Burch | Source: Maria Shriver

Tory Burch has good reason to party after a billion-dollar brainwave (Telegraph) “Tory Burch may well just have made a $1 billion faster than any other woman in history; faster, possibly, than even that alpha male of fashion, Ralph Lauren. After a fair amount of hoo-ing and haa-ing, Burch, who owns 28.3 per cent of her label, quietly settled a dispute with her former second husband Chris Burch on New Year’s Eve, which

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Market Pulse | Reassurance

Savigny Luxury Index November 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month.  From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’

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Longchamp’s journey, Nordstrom profit up, Richemont co-CEO’s, ASVOFF, Hi-tech Hermès

Longchamp: A long way from pipes in Paris (Independent) “Longchamp’s signature product is a handbag seen on the arms of hundreds of women everywhere from London to Sao Paulo and Singapore. Its Le Pliage foldable handbags launched in 1993 and the company still sells three million of them every year, helping to explain a recent 22 per cent growth in group sales. Despite its products being a common sight among the masses,

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Fast fashion fatigue, Hermès forecasts, Yoox results, Mideast online promise, Westwood’s passion

Undercover for Uniqlo Autumn/Winter 2012 | Source: Hypebeast

Gap Gains With Zara Responding to Fast-Fashion Fatigue (BusinessWeek) “Call it fast-fashion fatigue. Millennials, after years of settling for apparel retailers’ downgraded fabrics and workmanship, are pushing for higher- quality clothing again, and chains are getting the message. Gap Inc., the biggest U.S. specialty-apparel retailer, and Fast Retailing Co. Uniqlo are able to charge more for better basics.” Hermès lifts

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A 4th dimension, Hermès endures, Moncler appeal, Fashion incubators, Marino’s star status

Peter Marino | Source: Architectural Digest

Then Comes the 4th Dimension (IHT) “To be modern in fashion today, a designer needs a sculptural knowledge of the human body, an architect’s understanding of graphic proportions and an ability to absorb the digital revolution.  Then comes the fourth dimension. The Paris shows for summer 2013 over fashion’s long weekend have divided the protagonists into those who get the depth of possibilities — and those who are still making

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Zegna hires Pilati, Richemont Asia sales slow, Dispute escalates, Online trade-offs, Cost of craft

Stefano Pilati by Evan Sung | Source: NY Times

Zegna Hires Designer From Saint Laurent to Bolster Brand (NY Times) “The Italian men’s wear company Ermenegildo Zegna moved on Tuesday to strengthen its core brand and breathe new life into its little-known women’s fashion line by hiring a designer best known for his work at Yves Saint Laurent.” Richemont’s Asia bonanza slows, tourists boost Europe (Reuters) “Richemont, the world’s second-largest

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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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J.Crew influencers, Gap lifts profits, Prada’s independence, Handbag appeal, Jourdan Dunn

Rodarte Autumn/Winter 2012 backstage | Source: Fashionising Pictures

J.Crew Taps Street Style, Industry Insiders, and Tumblr’s Founder (Fashionista) “You won’t see any big-name models in J.Crew’s fall 2012 ad campaign–but that doesn’t mean you won’t recognize any of the faces. The mega-retailer has tapped a handful of successful fashion industry types (who just, you know, happen to be model-good-looking) to star in its latest ad campaign.” Gap lifts profit view, Aeropostale

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