Market Pulse | Buying Designers Like It’s 1999

Savigny Luxury Index September 2013 | Source: Savigny Partners

The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.

…Continue Reading

Mulberry’s Guillon Sees Profit Revival Without Creative Head

Mulberry Spring/Summer 2013 Campaign | Source: Mulberry

LONDON, United Kingdom — Mulberry Group Plc Chief Executive Officer Bruno Guillon has some catching up to do. After cutting forecasts twice in his first year at the helm, the 47-year-old CEO is pledging to return the British luxury-goods maker to growth in the next 12 months, even without the help of Mulberry’s celebrated creative director.

…Continue Reading

Market Pulse | China Slowdown Casts a Cloud

Savigny Luxury Index April 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) lost 1.5 percent in April, underperforming the MSCI World Index (“MSCI”) by almost two percentage points. Luxury spending in Europe has been hit by a drop in tourist demand, as well as price increases by brands seeking wider margins. The unusually cold weather, particularly in March, also contributed to weak demand for Spring/Summer ready-to-wear collections.

…Continue Reading

Market Pulse | A Steady Ship in Volatile Waters

Savigny Luxury Index March 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 1.6 percent in March, outperforming the MSCI World Index (“MSCI”) by just half a percentage point. The SLI has been quite volatile over the month with the eurozone crisis and the US debt ceiling taking centre stage again.

…Continue Reading

Soaring Prada profits, Mulberry tumbles, PPR sells Redcats unit, Gratuitous ads, Little Gio

Mulberry Autumn/Winter 2012 | Source: Grazia Daily

Prada 9-Months Net Profit Jumps 50% Amid Continued Strong Demand (Dow Jones) “Chief Executive Patrizio Bertelli said Thursday that the company’s business has continued to grow at a rate that has exceeded its expectations in recent months, as the luxury goods purveyor reported a strong rise in nine-month earnings figures amid resilient demand for ultra high-end goods.” Mulberry sees improvements after first-half

…Continue Reading

Tight belts in Italy, Cyber Monday, Mulberry strategy, Moncler image, Acclaimed Erdem

Versace Autumn/Winter 2012 | Source: Hypebeast

Tight belts take edge off Italian luxury (FT) “Italians have long balked at paying full price for the luxury goods they consider to be their birthright. But as austerity measures hit hard in the home of Prada, Versace and Armani, the quest for bargains and invitations to warehouse sales with rock-bottom prices has reached a new level of frenzy.” Online shoppers ready for busiest day (FT) “Online retailers are

…Continue Reading

Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

…Continue Reading

Mulberry’s future, J.C. Penney backtracks, The Nonconformist, Philosophy’s Ratabesi, Vogue salute

Mulberry Autumn/Winter 2012 | Source: Mulberry

Mulberry looks to have its future sewn up (FT) “Bruno Guillon says that what he likes best about British design is its ‘relaxed confidence’. In the coming months, the Mulberry chief executive will need plenty of that himself as the UK-based maker of upmarket handbags grapples with the effects on the fashion industry of global economic weakness.” J.C. Penney ‘Backtracking’ With Discounts, Deutsche Says

…Continue Reading