Market Pulse | Prada and Ferragamo Hit the Stock Market

Savigny Luxury Index June 2011 | Source: Savigny Partners

LONDON, United Kingdom — The M&A and IPO scene in luxury goods and fashion continues to storm ahead. This month’s Market Pulse reveals a redefined Savigny Luxury Index which now includes Italian fashion powerhouses Prada, and soon, Salvatore Ferragamo. Big news • Two very high-profile IPOs: Prada listed in Hong Kong on 24 June and Salvatore Ferragamo listed in Milan on 29 June.  Both pulled off their IPOs amongst tricky

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Renewing Holt Renfrew, Hilfiger’s new stripes, Jones Group acquires Kurt Geiger, Gucci turns 90, The art of Prada

Z Zegna in Holt Renfrew's S/S 2011 Campaign | Source: Fashionising

For Holt’s, luxury regains its proper place (Globe and Mail) “The full-price model is part of Mr. Derbyshire’s five-year business plan to strengthen Holt’s results following a period of stagnation caused by the economic slump… His efforts seem to be paying off: Privately held Holt’s enjoyed a record profit in 2010 – double that of its next best year, 2006.” Tommy Hilfiger Changes his Stripes (WSJ)

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Kurt Geiger gains, WDT’s overhaul, Simon Fuller buys Storm, Hartmarx sold, Fleeting tweeting

Kurt Geiger ad campaign

Kurt Geiger EBITDA soars 21% (Drapers) “Premium footwear business Kurt Geiger reported that full-year EBITDA rose 21% to £12.1m, bucking the retail downturn.” WDT boss to lead fast-fashion overhaul (Drapers) “Asbed Momdjian, founder of World Design & Trade, the company behind young fashion brands Firetrap, Fullcircle and Sonneti, has outlined plans to turn the group into a specialist fast-fashion branded

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