The Week in Review | Fashion’s new frontier, Hiut’s artisanal denim, CSM’s Drew Henry

The Week in Review, May 28 - June 1, 2012

Could Africa be the Next Frontier for Fashion Retail? (Global Briefing) “With large international fashion retailers like Mango, Zara, Levi’s and Gap already active in Africa, and ASOS offering free deliveries to the continent, perhaps it’s time to ask the question: could Africa be fashion’s next frontier?” Hiut Denim Unites Artisans with Technology (Intelligence) “In 2011, with the goal of bringing

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Hermès names CEO, Neiman profits up, Consumer confidence sinks, Made in Britain, Dolce & Gabbana

Le Carré Hermès Spring/Summer 2012 Campaign | Source: Hermès

Hermès Family Back in Saddle (WSJ) “The founding family of French luxury-goods maker Hermès International Tuesday named a member of its sixth generation to become chief executive next year, cementing its grip as the threat lingers from larger rival LVMH Moët Hennessy Louis Vuitton.” Neiman Marcus 3Q profit rises 35 pct (Businessweek) “Upscale retailer Neiman Marcus Inc. said Tuesday its fiscal third-quarter profit

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Loewe’s trajectory, Burberry rising, Vuitton’s top spot, Uniqlo expands, Prada and Polanski

Backstage at Loewe Fall/Winter 2012⎮Source: Wonderland Magazine

Spain’s got talent (Telegraph) “Stuart Vevers and Lisa Montague, the British duo who set Mulberry on the road to global superstardom, have taken their recipe to Loewe, the luxury heritage brand based in Madrid. Will it taste as sweet?” Burberry to invest in new, bigger stores (Reuters) “British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million

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Gucci’s payoff, Tales of Hermès, Hong Kong rents spike, Runway tweens, Theyskens’ singular voice

Gucci Spring/Summer 2012 campaign | Source: Gucci

Gucci wins $4.66 million, ban on Guess knock-offs (Reuters) “A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc of copying its trademarked designs, a small fraction of the more than $120 million sought by the Italian luxury goods company.” Hermès tells a playful tale of leather (IHT) “Every invention by Hermès, the French leather goods company, seems to have a

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Dubai’s new draw, Hermès rises, Online recipes, Collette Dinnigan prize, Who’s that girl?

Dior store Dubai UAE | Source: CPP Luxury

Dubai Finesses Ease of Luxury Shopping for Chinese (NY Times) “Chinese shoppers, rare birds not long ago, are flocking to Dubai’s malls. Up to 25 percent of luxury goods sold in Mall of the Emirates are purchased by Chinese tourists… ‘So now, it’s about how we market to them,’ Mr. Malas said. ‘For example, many stores are hiring Chinese speakers dedicated to these consumers.’ Dior had two Chinese

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Leather forever, China momentum, Adidas profits to rise, Curator wears Prada, ‘It’ brand again

Hermès winged saddle bag | Source: Glam

Wings of desire: 175 years of Hermès (Telegraph) “Fast-forward to now, and Hermès is the world’s best-regarded luxury company. The regard is reflected in its performance: last year, its profits rose 41 per cent to £495 million. Its exquisitely printed silk scarves are lusted after, but the cult of Hermès is predicated primarily on its handbags.” Slowdown in China? Not for luxury brands (CNN) “China’s

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Market Pulse | Status Quo

Savigny Luxury Index March 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) traded in a relatively narrow bandwidth this month, slipping 0.3 percent, whilst the benchmark MSCI World Index (MSCI) edged up 0.2 percent. Worries over a slowdown in China were offset by yet another string of exceptional results announcements, resulting in a status quo for the month of March. Big news The sector has been awash with strong results announcements with Prada,

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Valli girls, Hermès hikes dividend, Tiffany sparkles, Shoptiques’ ambitions, Herb Ritts

Giambattista Valli | Source: FranceTV

Catering to the Valli Girls (NY Times) “Mr. Valli has worn the strand of natural pearls, which he said he purchased from a maharajah in India, ever since Luigi Scialanga, who does the jewelry for his shows, told him that ‘this is you, this is going to be your signature thing.’ Mr. Valli is all about a signature.” Hermès hikes dividend as 2011 profit jumps (Reuters) “France’s Hermès affirmed its

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Behind Uniqlo, Inditex profit, Ted Baker growth strategy, Shang Xia’s Chineseness, Junya’s lace

Yuki Katsuta by Chad Ingraham | Source: WSJ

The Man Behind the Puffy Purple Coat (WSJ) “Mr. Katsuta is senior vice president of global research and design for Fast Retailing’s Uniqlo. Known for urbanized basics like T-shirts, sweaters and khakis, Uniqlo is one of the fastest-growing clothing chains in Asia. Mr. Katsuta joined the company in 2005 and now manages 100-plus designers based in New York, Tokyo and Shanghai, directing them like the maestro of an

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Market Pulse | China Sneezes, but Confidence Returns

Savigny Luxury Index February 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) outperformed with a gain of 6.9 percent for the month versus 2.6 percent for the benchmark MSCI World Index (“MSCI”).  Confidence in the sector returned towards the end of the month, with many of the bigger luxury stocks posting gains after having been flat for most of February. Big news Earlier in the month, China’s announcement that industrial output was slowing had sent

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Second lines come first, Hermès loses fight, Charlier’s back, DiorMag launch, Rewriting Gucci

See by Chloe Autumn/Winter 2012 | Source: IHT

In France, Second Lines Finally Can Come First (IHT) “For French brands, there is always a sneaking feeling that a second line is second best. The Milan designers rejoice that Just Cavalli or Emporio Armani are on the runway… But French ‘subsidiaries’ are either non-existent, hidden or given slightly pejorative names, like ‘diffusion’ line.” France’s Hermès loses China trademark fight

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Benetton ponders delisting, Good life, Bright young things, Diesel collaboration, New extremists

Benetton Autumn/Winter 2012 | Source: Fashion Latest

Benetton to make decision on delisting (FT) “The Benetton family will decide at a board meeting on Wednesday whether to delist the Italian knitwear group known for its brightly coloured jumpers after the company posted another plunge in profits as it struggles to compete with Inditex and H&M.” Luxury Companies That Can Bring You Closer to the Good Life (Money Morning) “A lot of consumers are hurting right now,

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