Market Pulse | A Boost in Confidence

Savigny Luxury Index February 2014 | Source: Savigny Partners

The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.

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Michael Kors Rises as Profit Exceeds Estimates, Boosts Forecast

Michael Kors Autumn/Winter 2013 Campaign | Source: Michael Kors

NEW YORK, United States — Michael Kors Holdings Ltd., the luxury-goods company founded by the designer of the same name, surged as much as 22 percent in early trading after posting profit that topped analysts’ estimates and raising its forecast.

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