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.
Following many months of speculation, Marc Jacobs is exiting his position as the creative director of Louis Vuitton to prepare for the IPO of the Marc Jacobs label, LVMH and Jacobs have confirmed.
Marc Jacobs may be on the verge of leaving Louis Vuitton when his contract ends next month, say sources.
Sephora has changed the way women shop for cosmetics, giving traditional department store counters their first real competition in over 50 years. Now, teaming up with Marc Jacobs to launch an ambitious new colour cosmetics collection called Marc Jacobs Beauty, the retailer is venturing into a new waters and creating new synergies within the LVMH group, which owns both companies.