Crocodile Bites Show Why Your Birkin Bag Is So Expensive

Hermes alligator Birkin | Source: PurseForum

PARIS, France — Crocodile-skin handbags can be to die for. Really. As demand from the world’s elite surges for the skins, luxury-goods companies from LVMH Louis Vuitton Moet Hennessy SA to Gucci-owner Kering SA are making acquisitions to secure supply of the beasts, whose habits can make simply collecting their eggs a matter of life and death. Raising the reptiles from hatchling to arm candy without scratches from other crocs is

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Market Pulse | Buying Designers Like It’s 1999

Savigny Luxury Index September 2013 | Source: Savigny Partners

The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.

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Kering Takes Minority Stake in Altuzarra

Joseph Altuzarra | Source: Courtesy photo

NEW YORK, United States — Kering, the luxury conglomerate formerly named PPR, has taken a minority stake in Altuzarra, the label founded in 2008 by French-American designer Joseph Altuzarra. The deal was finalised yesterday, only days before the label is scheduled to show its Spring 2014 collection at New York Fashion Week, and announced by Altuzarra and Kering this morning.

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