Luxury Brands Step Up Battle for Travelling Shoppers

Dior concession at London Heathrow Airport | Source: Heathrow Airport

PARIS, France — Luxury brands are stepping up the battle for travelling shoppers with more outlets at airports and on cruise ships, tapping into one of the fastest growing sections of the market that looks set to keep booming thanks to soaring numbers of Asian tourists.

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LVMH Widens Antoine Arnault’s Responsibilities With Loro Piana

Antoine Arnault | Source: Courtesy

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, named Antoine Arnault chairman of cashmere clothier Loro Piana SpA, expanding the responsibilities of billionaire Bernard Arnault’s eldest son.

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Market Pulse | Giving Thanks?

Savigny Luxury Index November 2013 | Source: Savigny Partners

Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.

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Fashion Firm Loro Piana Eyes Future After Takeover

Loro Piana | Source: Loro Piana

MILAN, Italy — Loro Piana, an Italian luxury textiles maker and fashion house, is so particular about its materials that it bought its own natural reserve in the mountains of Peru to protect the vicuna, an endangered species that yields a precious wool.

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Luxury Market Headed for Slowest Year of Growth Since 2009

Gucci Autumn/Winter 2013 campaign | Source: Gucci

PARIS, France — Worldwide luxury-goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the weakness of the Japanese yen weigh on growth, according to an estimate from Bain & Co.

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Crocodile Bites Show Why Your Birkin Bag Is So Expensive

Hermes alligator Birkin | Source: PurseForum

PARIS, France — Crocodile-skin handbags can be to die for. Really. As demand from the world’s elite surges for the skins, luxury-goods companies from LVMH Louis Vuitton Moet Hennessy SA to Gucci-owner Kering SA are making acquisitions to secure supply of the beasts, whose habits can make simply collecting their eggs a matter of life and death. Raising the reptiles from hatchling to arm candy without scratches from other crocs is

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LVMH Quarterly Revenue Trails Estimates as Fashion Growth Slows

Louis Vuitton Autumn/Winter 2013 Campaign | Source: Louis Vuitton

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-products maker, reported third-quarter revenue that trailed analysts’ estimates amid slowing growth in fashion and leather-goods sales.

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