French Press | Le Monde Reports on LVMH’s Secret Hermès Plan, São Paulo’s Fiercely Competitive Luxury Malls, Sports and Lifestyle Brands
Bernard Arnault | Source: PursuitistBoF distills recent fashion stories from the French media.
Bernard Arnault | Source: PursuitistMarket Pulse | China Slowdown Casts a Cloud
Savigny Luxury Index April 2013 | Source: Savigny PartnersLONDON, United Kingdom — The Savigny Luxury Index (“SLI”) lost 1.5 percent in April, underperforming the MSCI World Index (“MSCI”) by almost two percentage points. Luxury spending in Europe has been hit by a drop in tourist demand, as well as price increases by brands seeking wider margins. The unusually cold weather, particularly in March, also contributed to weak demand for Spring/Summer ready-to-wear collections.
PPR Acquires Italian Jeweler Pomellato to Boost Luxury Offering
Pomellato campaign featuring Tilda Swinton | Source: PomellatoPARIS, France — PPR SA, the French owner of Gucci and sporting goods maker Puma SE, said it will buy a majority stake in Italy’s Pomellato from closely held RA.MO SpA to expand its jewelry offerings.
Week in Review | Poor Payors, H&M’s High-End Marketing Tactics, Behind PPR’s Rebrand, Renzo Rosso
Source: ShutterstockBoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Market Pulse | A Steady Ship in Volatile Waters
Savigny Luxury Index March 2013 | Source: Savigny PartnersLONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 1.6 percent in March, outperforming the MSCI World Index (“MSCI”) by just half a percentage point. The SLI has been quite volatile over the month with the eurozone crisis and the US debt ceiling taking centre stage again.
