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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Global Briefing | Is FDI Reform the Answer to the India Problem?

Hermès Flagship, Mumbai | Source: skyscrapercity.com

In our second article this week focused on India, we investigate the barriers impeding the growth of India’s international luxury goods market, which go beyond the recently lifted restrictions on foreign direct investment. MUMBAI, India — “By the end of 2015, emerging markets should account for more than 50 percent of luxury sales,” Antoine Colonna, a luxury analyst at the asset manager Carmignac Gestion in Paris, told The

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Market Pulse | Resilience in the Face of Uncertainty

Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period.  The cause for this divergence was a temporary sell-off in luxury stocks in mid-December.  Two factors contributed to this: the Italian sovereign debt

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Mobile allure, LVMH grows Hermès stake, Nike’s brand power, Eye for design, Sophie Theallet

Rue La La Screen Shot | Source: Rue La La

Online retailing: The mobile allure (FT) “The transparency and convenience of ‘mobile commerce’ have given Americans the upper hand over retailers, according to Mr Thompson, who echoes the connect-and-inspire ideology of Silicon Valley when he says: ‘The consumer ultimately holds all the power.’ Indeed, for many traditional retailers, rising competition from the internet has capped sales growth,

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Kors’ record IPO, Hermès shores up defense, Startup fever, Retail leaders, Susannah Frankel

Michael Kors by Bryan Derballa | Source: Wall Street Journal

Kors IPO sets US fashion record (FT) “Michael Kors, an upmarket fashion and accessories brand, has launched the biggest-ever public offering in US fashion, selling more shares than expected in a deal that will value the company at nearly $4bn… The deal was heavily oversubscribed and priced at $20 a share, above the projected range of $17 to $19. Investors in the company sold 47.2m shares, more than the 41m initially

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Hermès appeal, Pricing Kors IPO, Twitter fear, Internship crackdown, Rupert Sanderson Q&A

Eva Mendes and Bernd Beetz | Source: Patrick McMullan

Hermès and the secret of luxe appeal (GQ) “Hermès is a phenomenon: probably the most successful, perhaps the most creative, certainly the most respected and one of the most profitable luxury-goods companies of all time. After a brief blip from 2009-10, the tur­bulent economic times seem to have, if any­thing, accelerated its success. Putting a Price on Michael Kors (NY Times) “The fashion designer Michael Kors is

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‘Big O’ birthdays, Hermès growth in 2012, ‘Cyber Week’ record, BRIC designers, Saunders fever

François Lesage | Source: Simple Virtues

‘Big O’ Birthdays for Generations of Designers (IHT) “The loss last week of François Lesage, the beating heart of Parisian embroidery, at age 82, marks fashion history. A mighty tree in the landscape of haute couture has fallen… Fashion has a way of holding up a mirror to the wider world. But in the fading days of 2011, the bellwether is not about changes in style. It’s about designers themselves and a

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Market Pulse | Strong Results Mask Market Jitters

Savigny Luxury Index November 2011 | Source: Savigny Partners

  LONDON, United Kingdom — As the luxury and fashion sector enters the critical holiday shopping period on the back of strong results for the first half of the year, there are growing signs that executives are worried about what the future holds for the luxury market in 2012. Big news • This has been another month of record results for the luxury sector, with Hermès, Richemont, Ferragamo, Burberry, Tiffany, Prada and Ports all

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Burberry Bespoke, Hermès’ growth continues, Digital exclusivity, Macy’s makeover, 20 years of Dazed & Confused

Screen Shot Burberry Bespoke | Source: Burberry Bespoke

Mink or Fox? The Trench Gets Complicated (WSJ) “Signaling how interactive the online shopping experience has become, Burberry, the British fashion label, is offering a way for customers to design and order custom trench coats online. Called Burberry Bespoke, the program is a full-scale attempt at “mass customization,” a long-time goal of retailers and unusual for a designer fashion house. Customers select the cut

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