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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Made-in-Asia Luxury Sheds Fake Image, Challenging Louis Vuitton

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…

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Luxury Spending in Europe Hit By Drop in Tourist Demand

Tourist shopper at Louis Vuitton boutique | Source: Reuters

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.

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Louis Vuitton Raised Most Non-Leather Handbag Prices, HSBC Says

Louis Vuitton, Shenzhen, China | Source: Richards Basmajian

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.

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Will a Wave of Megastores Turn Bond Street into the World’s Premier Luxury Showcase?

Bond Street's Coming Luxury Megastores | Source: BoF

Following the arrival of Louis Vuitton’s super-sized “Maison” on London’s Bond Street in 2010, the thoroughfare will soon be home to a slew of high fashion megastores, transforming the once-quaint street into a larger-than-life global luxury showcase.

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Vuitton and Tiffany Seen Pressured in Japan by Weaker Yen

Tiffany & Co. store | Source: Tiffany & Co

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.

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