Market Pulse | Buying Designers Like It’s 1999

Savigny Luxury Index September 2013 | Source: Savigny Partners

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.

…Continue Reading

Photo Diary | MFW, Day 1-2: Gucci, Alberta Ferretti, MaxMara, Fendi, Just Cavalli and Prada

Gucci Spring/Summer 2014 | Photo: Sonny Vandevelde

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.

…Continue Reading

Prada Looks Project Feminine Strength

Prada S/S 2014 show | Source: Associated Press

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.

…Continue Reading

China to Place Consumption Tax on More Luxury Goods

Beijing's Sanlitun Shopping Centre | Source: Shutterstock

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.

…Continue Reading

A $38,000 Handbag? For World’s Ultra-Rich, the Cost of Accessories Can Be Astronomical

Oprah Winfrey | Source: Associated Press

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.

…Continue Reading