Vuitton Tones Down for Russian Tastes Aside From Prices

Louis Vuitton Autumn/Winter 2013 | Source: Associated Press

Mira Duma, the daughter of former Russian lawmaker Vasily Duma, is emblematic of a new generation of Russians for whom the meaning of high fashion has shifted from flashy and expensive to understated and even more expensive.

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The China Edit | Whistles to Launch with Lane Crawford, Fast Retailing, Chinese Tourists Embrace Lower-Cost Luxury, Chanel Ousts Vuitton

Whistles Autumn/Winter 2013 | Source: Whistles

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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Photo Diary | Paris Men’s Fashion Week, Day 2: Rick Owens, Louis Vuitton, Dries van Noten, 3.1 Phillip Lim

Dries Van Noten Spring/Summer 2014 | Photo: Sonny Vandevelde

PARIS, France — Today, our contributing photographer Sonny Vandevelde files backstage imagery from Rick Owens, Louis Vuitton, Dries van Noten, 3.1 Phillip Lim and Hommes Femmes on day two of Paris Men's Fashion Week.

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Kim Jones’ Gospel at the Church of Vuitton

Louis Vuitton Menswear Spring/Summer 2014 | Source: Nowfashion

PARIS, France — The staging of this season’s Louis Vuitton menswear show was nothing short of ecclesiastical: a steeple of fresh cut pine bordered the runway’s exit, a singular adornment in a room almost entirely constructed of glass.

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Power Moves | Katie Hillier and Luella Bartley Named Creative Director and Womenswear Design Director at Marc by Marc Jacobs

Katie Hillier and Luella Bartley | Source: Photo composite by BoF

NEW YORK, United States — Marc by Marc Jacobs has named Katie Hillier the company's new creative director. Hillier, in turn, has appointed fellow Briton Luella Bartley as womenswear design director.

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On Fleeting Hong Kong Trips, Chinese Make Frugal Fashionable

Source: Reuters

HONG KONG, China — Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favour.

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Market Pulse | China Slowdown Casts a Cloud

Savigny Luxury Index April 2013 | Source: Savigny Partners

LONDON, 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.

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LVMH Falls in Paris as Fashion Sales Advance Slowest Since 2009

Louis Vuitton Pre-Fall 2013 | Source: Louis Vuitton

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA fell to the lowest price in four months in Paris after reporting the slowest fashion and leather goods sales growth in more than three years as demand for Louis Vuitton handbags softened.

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