Is London’s Luxury Ground-Zero Under Threat?

Inside Céline’s new Mount Street store | Source: Céline

London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.

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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.

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LVMH Acquires Majority Stake in Nicholas Kirkwood

Nicholas Kirkwood | Source: Courtesy photo

LONDON, United Kingdom — LVMH Moët Hennessy Louis Vuitton has taken a majority stake in London-based luxury footwear brand Nicholas Kirkwood. The exact size of the stake and financial terms were not disclosed, though LVMH characterised the deal as a “long-term partnership.”

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H&M earnings drop, Made in Britain, Vente-Privée slows, Strike a Pose, Kirkwood wins

H&M Spring/Summer 2013 Collection | Source: H&M

Expansion costs hit H&M earnings (Reuters) “Hennes & Mauritz, the world’s No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex.” British-made fashion is back in business (Guardian) “The unique selling point of these products is, of course, that they are Made in Britain,

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Michael Kors’ huge valuation, Surface to New York, Nordstrom profit up, Kirkwood heels, Fabergé’s relaunch

Surface to Air Paris Store | Source: High Snobiety

Michael Kors sells minority stake in deal that values brand at $2.5B (New York Post) “The New York fashion label — whose black-clad founder and namesake also moonlights as a tough judge on the “Project Runway” TV reality series — has sold a minority stake to a group of investors in a deal that values the brand at a whopping $2.5 billion.” Surface to Air Comes to New York (IHT) “In a sense, the business model of Surface to Air was

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BoF Exclusive | At the Heart of Mount Street’s Transformation is a Luxury Community

LONDON, United Kingdom — For years, London’s Bond Street and Sloane Street have been the destinations of choice for luxury brands looking to set up shop in the British capital to serve the wealthy Arabs, Russians, Indians and Asians who call the city home, and more recently, the hundreds of thousands of luxury shoppers that have been descending on London, bolstered by a weaker pound and the depth of riches on offer from every

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Yohji’s Dear Bomb, Ferragamo’s good year, Office for sale, Couture’s RTW influences, Kirkwood for Pilotto

The Yohji Yamamoto story (Telegraph) “Yohji Yamamoto, the charismatic and mysterious Japanese designer, is allowing the first-ever published biography about his life to be published. The book, entitled (enigmatically, of course) ‘My Dear Bomb’, will be released worldwide in October.” Ferragamo Sees ‘Very Good’ 2010 (Bloomberg) “Salvatore Ferragamo, the Italian shoemaker, expects ‘a very good’ 2010 as

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British Fashion Awards | Open for business?

LONDON, United Kingdom - Yesterday evening's British Fashion Awards ceremony was a wonderful occasion to celebrate the best in British Fashion Talent. There was a very impressive list of awards categories and an even more impressive list of winners, but I couldn't fight this nagging feeling that something was missing. Then, I realised that there was not even one award to acknowledge the various talented business people who also make their own kind of fashion magic, and are an essential part of the British fashion eco-system. Over the course of the evening, awards were given out for everything from Designer Brand (Jimmy Choo) and Fashion Creator (Tim Walker) to Red Carpet Designer (Matthew Williamson) and Designer of the Year (Luella…

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