The Savigny Luxury Index (“SLI”) continued to rise and gained almost seven percent over the month.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
BoF weighs up the pros and cons of going public compared to other options for raising capital to fuel growth.
The luxury goods company is basking in some media buzz after Michelle Obama wore a gray skirt suit from the designer’s 2013 collection to the State of the Union address.
Michael Kors Holdings Ltd. fell the most in more than two months in New York trading after Credit Suisse Group AG cut its rating on the stock, saying slowing handbag demand has led to a “dramatic” increase in discounting.
In the face of fierce competition and heavy cost structures, some brands are rethinking the logic of their diffusion lines.
The luxury sector seems to have reached a turning point, having weathered the crises that beset it all year and buoyed by more benign currency trends.
For fashion brands, watches have emerged as a key vector of growth, often powered by licensing deals with Fossil Group, a watchmaking behemoth that designs, manufactures, distributes and markets million of watches per year.
The Savigny Luxury Index turned around in mid October as confidence in the US economy returned and the US Federal Reserve ended quantitative easing.
Michael Kors Holdings Ltd. (KORS) on Tuesday reported earnings of $207 million in its fiscal second quarter.
The Savigny Luxury Index fell sharply over the month, losing 4.2 percent versus a flat MSCI World Index, as the industry suffers from a general slowdown and a red alert situation in Hong Kong.