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.
TOKYO, Japan -- LVMH Moet Hennessy Louis Vuitton SA raised some prices by an average 12 percent at its flagship brand in Japan, the unit’s biggest price hike, to offset the impact of the yen’s slide on sales. The Louis Vuitton brand raised prices Feb. 15, spokeswoman Kaori Fuse said. Retailers such as LVMH, the world’s biggest luxury goods maker, are confronting a plunge in the yen that undercuts the value of sales in Japan, the second-biggest market for personal luxury goods. The yen has depreciated against both the dollar and the euro as Prime Minister Shinzo Abe talked down the value of the currency, promising to implement policies to stimulate the economy and have Japan’s central bank set a…
PARIS, France — As the Paris menswear shows concluded on Sunday evening with Hedi Slimane’s menswear debut for Saint Laurent, some notable figures in the crowd of menswear buyers and editors quietly grumbled that this was a lacklustre season. But as always, the enterprising Sonny Vandevelde was backstage to capture those off-the-cuff moments that can make even a ho-hum fashion week feel a bit more exciting. Standout shows
LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last
LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month. From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’
Why Peter Dundas is Pucci’s prince of prints (The National) “The last thing you expect Peter Dundas to be is the fashion guy. From his sheer physical presence, he’s a car man maybe, a surfer or a quarterback – the sort of guy who rides a motorbike that roars like a chainsaw. What he is, is in fact “the prince of prints” – the creative director of Pucci, the Italian luxury label.” How
LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points. Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry