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.
More than just the trendy bag of the moment, fashion backpacks are becoming a true wardrobe staple. BoF reports.
MILAN, Italy — BoF contributing photographer Sonny Vandevelde brings us backstage imagery from the Gucci, Alberta Ferretti, MaxMara, Fendi, Just Cavalli and Prada shows, held on days one and two of Milan Fashion Week.
MILAN, Italy — Miuccia Prada is the most eclectic designer on the Milan runway. Every season she goes to a new place, either literally or figuratively, for inspiration and comes up with a collection that is different from everybody else's and almost always brings down the house.
HONG KONG, China — Prada SpA, an Italian maker of $720-euro laced Derby shoes, said it will continue to open stores and promote its brands while monitoring economic conditions after reporting profit that missed estimates.
HONG KONG, China — The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.
In the next instalment of Market GPS, BoF examines Kazakhstan, the undisputed goliath of Central Asia.
No longer confined to the fringes of fashion, the goth aesthetic is being mined by a wider spectrum of designers, observes Eugene Rabkin.
BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign that some high-end brands may become more expensive for purchasers on the mainland.
ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.