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.

…Continue Reading

Op-Ed | Preventing Another Rana Plaza

Rana Plaza collapse in Dhaka, Bangladesh | Source: Flickr

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.

…Continue Reading

Photo Diary | NYFW, Day 7: Michael Kors, Proenza Schouler, Reed Krakoff

Proenza Schouler Spring/Summer 2014 | Photo: Sonny Vandevelde

NEW YORK, United States — Straight from day seven of New York Fashion Week, BoF's contributing photographer Sonny Vandevelde brings us backstage images from the Michael Kors, Proenza Schouler, Jeremy Scott, Reed Krakoff, Anna Sui and Dion Lee shows.

…Continue Reading

Market Pulse | Syria Crisis Pours Cold Water Over the Savigny Luxury Index

Savigny Luxury Index August 2013 | Source: Savigny Partners

LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.

…Continue Reading