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.
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.
SHANGHAI, China — For decades, made-in-Asia luxury has been shorthand for “fake.” Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic. Couronne, Khan and brands such as Woo, a Shanghai-based producer of silk scarves, are winning clients with products that can rival goods made in Europe. Their growing popularity, amid slowing sales at Louis Vuitton and other European brands, shows how demand is changing in Asia, with consumers favoring fresh designs over ubiquitous logos. The trend may lead to more acquisitions in the region as companies such as LVMH Moet Hennessy Louis Vuitton SA and PPR SA seek to boost growth. “Luxury brands of the 21st Century can come out…
PARIS, France — Most luxury goods groups will not publish first-quarter figures until at least later this month, but anecdotal evidence is growing of at least a temporary slowdown in spending by travelers, which analysts say could be linked to worries about the global economy and tax increases in Europe, as well as the tough stance taken by China's new president Xi Jinping on illegitimate gift-giving.
PARIS, France — Louis Vuitton, which last month raised prices by an average 12 percent in Japan, has imposed similar increases on non-leather handbags in most of its main markets since the start of the year, according to HSBC.
BoF editor-in-chief Imran Amed recaps the week’s top developments in the business of fashion.
TOKYO, Japan — Tiffany & Co. and Harry Winston stores will follow Louis Vuitton in raising some prices to offset the yen’s 12 percent slide since Prime Minister Abe took office Dec. 26 with a promise to tame the currency’s strength and revive Japan’s exporters.
What does it mean when Louis Vuitton, the world’s largest luxury brand, shifts its focus away from the very trademarks on which its success has been built?
This season, the most successful fashion films broke away from the old template, embracing the unexpected plots, quirky music and bursts of humour that resonate with online audiences. Sit back, turn up your speakers and enjoy BoF’s Top 10 Fashion Films of the Season.
PARIS, France — The classic Hollywood scene of a mysterious and glamorous woman leaving an anonymous hotel room inspired Louis Vuitton's ready-to-wear show, moving the house in a more sensual, feminine direction. But the show was also about Kate Moss. The 39-year-old, possibly the most famous model in the world, strutted the catwalk sporting a sheer organza slip, with dense floral embroideries, to rapturous applause.
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 2.7 percent in February, underperforming the MSCI World Index (“MSCI”) by over one percentage point. The SLI lost ground at the beginning of the month following the questions raised on sector growth by LVMH’s annual results announcement. Big news • Most analysts felt that LVMH’s organic growth numbers for 2012 were a bit lower than expected. This, combined with Mr.