Market Pulse | Buying Designers Like It’s 1999

Savigny Luxury Index September 2013 | Source: Savigny Partners

The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.

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Succession Planning at LVMH

Delphine and Antoine Arnault | Source: Dior.com

PARIS, France — Two years ago, Bernard Arnault asked his son Antoine to run shoemaker Berluti, then this month he installed his daughter, Delphine, as executive vice president of Louis Vuitton. While her brief is to revive the handbag maker and Antoine’s task is to transform Berluti into a menswear titan, Arnault is auditioning both for another job: his own.

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Sephora’s Late-Night Lipstick Runs Afoul of French Labour Laws

Sephora Flagship, Champs Elysées, Paris | Source: Courtesy

PARIS, France — At 11 p.m., long after most Paris shops have closed for the evening, Sephora on the Champs-Elysées is still bustling with customers browsing for cosmetics and perfume. That puts the shop in violation of France’s labor laws.

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LVMH Eyes J.W. Anderson After Kirkwood Deal, Says Source

JW Anderson | Photo: Morgan O'Donovan for BoF

PARIS, France — LVMH is in talks to buy a stake in British fashion brand J.W. Anderson, a source close to the matter said on Friday after the No.1 luxury goods group revealed it was investing in another budding UK label, shoe designer Nicholas Kirkwood.

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LVMH Acquires Majority Stake in Nicholas Kirkwood

Nicholas Kirkwood | Source: Courtesy photo

LONDON, United Kingdom — LVMH Moët Hennessy Louis Vuitton has taken a majority stake in London-based luxury footwear brand Nicholas Kirkwood. The exact size of the stake and financial terms were not disclosed, though LVMH characterised the deal as a “long-term partnership.”

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Market Pulse | Syria Crisis Pours Cold Water Over the Savigny Luxury Index

Savigny Luxury Index August 2013 | Source: Savigny Partners

LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.

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New Economic Signposts Needed as China Targets Consumer-led Growth

Beijing | Source: Shutterstock

BEIJING, China — Forget electricity production and iron ore imports. China watchers today pore over box office receipts or furniture sales to judge where the country is heading as Beijing plots a course toward consumption-led growth.

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Arnault Lets Them Eat Cake Amid Luxury Hospitality Push

Maison Cheval Blanc - Courchevel | Source: LVMH

PARIS, France — French billionaire Bernard Arnault wants you to spend the night and eat his pastries. After decades of acquiring luxury goods that consumers can drink and wear, the chairman of LVMH Moet Hennessy Louis Vuitton SA last week bought a five-star hotel in St. Barths and in June added a storied Milanese cafe, accelerating his push to meet all his well-heeled clients’ earthly needs.

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