Right Brain, Left Brain | Clouds Looming Over Australian Fashion

Westfield Sydney | Source: Westfield

BoF’s editor-in-chief reports from Sydney, Australia, on a local fashion market that’s being radically reshaped by the arrival of global fast fashion chains and the meteoric growth of international e-tailers.

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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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Co-Founder and CEO Áslaug Magnúsdóttir Leaves Moda Operandi

Áslaug Magnúsdóttir | Source: Courtesy photo

NEW YORK, United States — Áslaug Magnúsdóttir, co-founder and chief executive of Moda Operandi, has left the company. The news comes less than a year after the New York-based start-up raised $36 million in a Series C round of funding led by RRE Ventures, with the participation of existing investors New Enterprise Associates, New Atlantic Ventures and Condé Nast, as well as strategic investors IMG and LVMH. Magnúsdóttir, who has

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A New Growth Brand for Japan’s Onward Holdings: Charles & Keith

Source: Charles & Keith

In Japan, the arrival of powerful fashion retailers from Asia has been a theme this Spring. Korean retailer E-Land began opening stores in March, but last month saw the unveiling of the first stores for Charles & Keith, the Singapore retailer which does for shoes and accessories what H&M and Zara do for apparel. Japanese market intelligence provider JapanConsuming investigates.

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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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Week in Review | Young London Creatives, Ami’s Alexandre Mattiussi, Fabien Baron, Prada’s Magic, Inside India

Anna Trevelyan, Thomas Lohr, Rhea Thierstein, Matthew Holroyd, Simon Cook, Billal Taright, Matthew Josephs, Alex Turvey, Ellie Grace Cumming and Declan Sheils | Photo: Shahriyar Ahmed

BoF editor-in-chief Imran Amed recaps the week in the business of fashion.

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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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