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.

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Week in Review | Young London Creatives, Ami’s Alexandre Mattiussi, Fabien Baron, Prada’s Magic, Inside India

Anna Trevelyan, Thomas Lohr, Rhea Thierstein, Matthew Holroyd, Simon Cook, Billal Taright, Matthew Josephs, Alex Turvey, Ellie Grace Cumming and Declan Sheils | Photo: Shahriyar Ahmed

BoF editor-in-chief Imran Amed recaps the week in the business of fashion.

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Made-in-Asia Luxury Sheds Fake Image, Challenging Louis Vuitton

SHANGHAI, China — For decades, made-in-Asia luxury has been shorthand for “fake.” Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic. Couronne, Khan and brands such as Woo, a Shanghai-based producer of silk scarves, are winning clients with products that can rival goods made in Europe. Their growing popularity, amid slowing sales at Louis Vuitton and other European brands, shows how demand is changing in Asia, with consumers favoring fresh designs over ubiquitous logos. The trend may lead to more acquisitions in the region as companies such as LVMH Moet Hennessy Louis Vuitton SA and PPR SA seek to boost growth. “Luxury brands of the 21st Century can come out…

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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.

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