PARIS, France — Sophie Fiszman, a Paris finance executive with a taste for fashion, used to stick to European brands like Louis Vuitton and Gucci. No longer.
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.
SHANGHAI, China — As Chinese shoppers get better acquainted with so- called accessible luxury brands, they’re discovering a designer wardrobe doesn’t have to cost them months of pay.
NEW YORK, United States – "You've got to worry about yourself and what's right for you," says Michael Kors.
LONDON, United Kingdom — Today, BoF brings you the next instalment of “When They Were Kids,” a cartoon series depicting fashion figures as children, created by our friend Fashion Cartoonist.
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.
NEW YORK, United States — Michael Kors Holdings Ltd, a maker of fashion apparel and accessories, reported a 49 percent jump in quarterly profit as sales rose in Europe and North America.
The Savigny Luxury Index lost ground in October, as consumer appetite for mega-brands continues to cool and management changes shake up the industry.
NEW YORK, United States — A Canaccord Genuity analyst is lowering her rating and price target for Coach, saying slowing traffic and tough competition from Michael Kors could weigh on the handbag and accessories company.
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.
In the wake of Rana Plaza, it’s clear that voluntary self-inspection of garment factories by brands and retailers is not enough to avoid terrible human tragedy. Workplace health and safety standards must be set and enforced by the workers themselves, argues Tansy E Hoskins.