Vuitton CEO surprise, Web only no more, Instagram outrage, Vice buys i-D, Posen on Project Runway

| Daily Digest

Louis Vuitton Autumn/Winter 2012 | Source: Louis Vuitton

LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last

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Market Pulse | Reassurance

| Market Pulse

Savigny Luxury Index November 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month.  From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’

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Shanghai express, Calm after storm, Kors strengthens, Italy’s shoemakers, Parsons in Paris

| Daily Digest

Gucci Autumn/Winter 2012 | Source: Gucci

Frida Giannini: Gucci’s Shanghai express (Telegraph) “Gucci’s first two shops on the Chinese mainland opened in Beijing and Shanghai in 1997, three years after Tom Ford started to transform the brand. Today there are 53 stores across 33 cities, and counting. So it is not surprising that Giannini has decided to spend some time getting to know Shanghai before continuing on to Seoul in South Korea for a store opening

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Yoox targets China, Bostock to ASOS, Facebook ‘Want’, Bio-degradable shoes, Kors and effect

| Daily Digest

Yoox.cn screen shot | Source: Yoox.cn

Two Years After Entering Market, Yoox Launches Chinese Site (Jing Daily) “Two years after entering the China market with the launch of emporioarmani.cn, this week Milan-based designer discount e-commerce site Yoox launched a new Chinese site, Yoox.cn.” M&S retail veteran Bostock to join Asos (FT) “Kate Bostock, the former head of non-food retailing at Marks and Spencer, is to join Asos, the online fashion

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Market Pulse | Burberry Causes a Downpour

| Market Pulse

Savigny Luxury Index September 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) lost 6.9 percent in September, underperforming a flat-ish MSCI World Index (MSCI) by nearly seven percentage points.  Burberry’s profit warning sent the sector into turmoil mid-month and no amount of good news from the likes of Prada and Michael Kors could lift investors’ spirits. Big news Burberry announced a substantial slowdown in sales growth, with same store sales

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