‘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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Market Pulse | Bounce Back Amid Clouds

Savigny Luxury Index October 2011 | Source: Savigny Partners

LONDON, United Kingdom — The market roller coaster continues, but the luxury sector has once again outperformed the general market. While questions remain about the ability for China to sustain the growth of luxury brands, investors seem to be on side again, at least for now. Analysts remain divided about the future of the luxury sector in 2012, amid much macroeconomic uncertainty. Big news • Renewed confidence in the sector

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Three Generations of Missoni, Not so flashy, Aura of exclusivity, Hermès’ nose, Lindsey Wixson rising

Angela Missoni, Rosita Missoni and Margherita Missoni by Bernardo Conti | Source: The Guardian

Sitting down with three generations of Missoni (LA Times) “Last month, the Italian luxury label’s Missoni for Target collaboration was so hotly sought after that it caused the retailer’s website to crash. Last Sunday, three generations of Missonis gathered in Beverly Hills to accept the Rodeo Drive Walk of Style Award — the first fashion house to be honored as an entire family. Could it be that Missoni is on its

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L2 Study Reveals Shortfalls in Digital Competence

Digital IQ Index 2011, Greatest Year-Over-Year Gain or Loss | Source: L2

NEW YORK, United States — On Monday, Professor Scott Galloway’s NYU-based thinktank LuxuryLab, or L2, released advance copies of their third annual “Digital IQ” report, assessing the digital competence of 49 global fashion and leather goods firms, to a small number of media outlets, including BoF. According to the study, which will be published later today, fashion brands are embracing digital innovation with enthusiasm and have

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

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

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

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

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?

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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The Hermès culture, Marc and Vuitton, Sickness spreads in Cambodia H&M factory, Back to the 70s, Zac’s back

Hermès silk printing table by Brigitte Lacomb | Source: WSJ

The Battle for Hermès (WSJ) “‘My job,’ says the lean, formal 44-year-old and sixth-generation descendant of the company’s founder, ‘is to keep the strong creativity of Hermès alive. To nourish the rigor and the vision . . . to make these values vibrate. ‘This,’ he says, ‘is the force of Hermès.’ Those values—the dedication to rigor, vision and creativity—are what set Hermès

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Market Pulse | Strong results fuel sector growth before tailspin in early August

Savigny Luxury Index July 2011 | Source: Savigny Partners

LONDON, United Kingdom — Over the past few days, international markets have plummeted in the face of growing uncertainty about the global economy, in particular the debt crisis in Europe and the downgrade of US treasuries by Standard & Poors. In this month’s Market Pulse, we analyse the market’s strong performance in July and provide a market update from the first few days of August. Big news • H1 results beat

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