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.
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.
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.”
In a three-part report, BoF examines New York City’s ever-shifting retail landscape. Today, we consider the rise and recasting of the Meatpacking District.
At the forefront of luxury footwear, six designers making beautiful, covetable shoes have gained traction with consumers, established accounts with fashion-forward stockists, and racked up a handful of industry awards.
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,
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
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
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