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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Luxury Sales to Exceed $318 Billion, Driven by Emerging Markets and ‘Affordable Luxury’

Coach Spring/Summer 2013 Campaign | Source: Coach

Today, BoF can exclusively share the findings of a new report by Euromonitor International, indicating that, in 2013, luxury goods sales will exceed $318 billion worldwide, representing a year-on-year real value gain of 3 percent, driven by emerging markets and ‘affordable luxury’ brands.

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