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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Germany’s Puma to Have New CEO Soon, Says Pinault

Source: Reuters

PARIS, France — PPR's sportswear unit Puma will soon have a new chief executive, the French group's head said on Friday. PPR chief executive François-Henri Pinault was speaking at a news conference at which he unveiled a new name for the luxury goods group, which will be rebranded as Kering.

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PPR and Prada Said to Be Among Suitors of Jeweler Pomellato

Pomellato campaign featuring Tilda Swinton | Source: Pomellato

MILAN, Italy -- Pomellato SpA, the closely held jeweler whose trinkets have been worn by actress Tilda Swinton, has received expressions of interest from at least four luxury- goods makers, according to a person familiar with the situation.

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Breaking News | PPR’s Redcats to Sell Brands to Nordic Capital for $364 Million

Redcats screenshot | Source: Redcats

PARIS, France -- PPR SA, the French owner of Gucci, said one of the Swedish buyout firm Nordic Capital’s funds agreed to buy Ellos and Jotex, two Scandinavian online home and apparel brands owned by its Redcats unit, for an enterprise value of 275 million euros ($364 million).

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Bottega Veneta Crosses the $1 Billion Mark

Bottega Veneta A/W 2013 | Photo: Sonny Vandevelde

MILAN, Italy – With the release of Bottega Veneta’s sales figures for 2012, the PPR-owned Italian maker of discreet high-end leather goods and ready-to-wear publicly joins a small club of luxury companies that have crossed over into $1 billion-plus sales. While several mass luxury brands such as Coach and Michael Kors have surpassed the $1 billion mark in recent years, among high luxury brands only megabrands like Louis

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