Louis Vuitton, Shenzhen, China | Source: Richards BasmajianLONDON, United Kingdom — Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report shows.
The northern section of New York's Soho | Illustration: Rick RichardsIn a three-part report, BoF examines New York City’s ever-shifting retail landscape. Yesterday, we considered the rise and recasting of the Meatpacking District. Today, we examine the renaissance of Soho.
Savigny Luxury Index April 2013 | Source: Savigny PartnersLONDON, 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.
Anna Trevelyan, Thomas Lohr, Rhea Thierstein, Matthew Holroyd, Simon Cook, Billal Taright, Matthew Josephs, Alex Turvey, Ellie Grace Cumming and Declan Sheils | Photo: Shahriyar AhmedBoF editor-in-chief Imran Amed recaps the week in the business of fashion.
Prada A/W 2013 | Photo: Sonny VandeveldeWhile many other luxury brands reported slowing growth, Prada posted a remarkable net profit increase of 46 percent in the 2012 financial year. BoF examines the secret to the company’s success.
