Market Pulse | Back in the Tourist Business

Savigny Luxury Index August 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points.  Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven

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J.Crew influencers, Gap lifts profits, Prada’s independence, Handbag appeal, Jourdan Dunn

Rodarte Autumn/Winter 2012 backstage | Source: Fashionising Pictures

J.Crew Taps Street Style, Industry Insiders, and Tumblr’s Founder (Fashionista) “You won’t see any big-name models in J.Crew’s fall 2012 ad campaign–but that doesn’t mean you won’t recognize any of the faces. The mega-retailer has tapped a handful of successful fashion industry types (who just, you know, happen to be model-good-looking) to star in its latest ad campaign.” Gap lifts profit view, Aeropostale

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Week in Review | Laurenceairline, Choosing the Right Investors, Apple Fancy, Adieu Anna Piaggi

Week in Review August 6-10

The Spotlight | Laurenceairline (Emerging Designers) “Many recent international fashion collections have been ’inspired’ by African culture and crafts. But why have we heard so little about designers originating from Africa itself? Enter Laurenceairline, a small Paris-based menswear label…” Finding Your M.O. | Part 5: How to Choose the Right Investors (Education) “Last month, in Part 3 of this series, I

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Prada revenues jump, Bill Blass shake up, Magazine newsstand sales drop, Lucky clicks, Elin Kling

Jeffrey Monteiro | Source: CDN

Prada first-half revenue buoyed by robust Asian growth (Reuters) “Italian fashion house Prada, which competes with Louis Vuitton and PPR’s Gucci, posted a 36.5 percent jump in first-half revenue, buoyed by strong growth in Asia, with sales driven mainly by its Prada and Miu Miu brands.” Bill Blass Fires Designer. Again. (On the Runway) “Jeffrey Monteiro and the rest of the women’s design team at Bill Blass

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Germans skip luxury, Farhi’s new girl, B2B on the rise, CFDA finalists announced, Rome’s resurgence

ShopToko screen shot | Source: WWD

Prada Skips German Department Stores Missing Luxury Boom (Bloomberg) “In a land known for its thrifty citizens, German department stores are missing out on a shift to luxury. Spending at the outlets, which date back as far as the 19th century, has fallen 3.9 percent since 2009 as the richest shoppers have sought designer gear at single-label stores, driving luxury expenditure up by 16 percent to 12.9 billion euros last

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Market Pulse | Worry in China, Drama in Europe Weigh on Luxury Sector

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom —  The Savigny Luxury Index (“SLI”) fell 4.2 percent in June, relative to an uplift of 4.0 percent in the benchmark MSCI World Index (“MSCI”).  Worrying news out of China, the continued drama of the European debt crisis and downward revisions in growth estimates for 2012 caused the sector to go out of favour. Big news The month started off with a bang: China announced a slowdown in its factory output for the

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Mixed emotions at Prada, Lululemon stalls, Gilt doubles down, Pinault in conversation, Kors chat

Prada's flagship store in Milan | Source: LA Times

Prada frets about tourist stayaways (Reuters) “First-quarter profit doubled at the Milan-based maker of colored Miu Miu dresses, outpacing revenue growth, but the company is not immune from concerns about the euro zone, a sluggish U.S. recovery and a possible slowdown in Asia.” Lululemon CEO Eyes Holidays After Sales Miss (Bloomberg) “Chief Executive Officer Christine Day was unapologetic after projections for

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Prada taps emerging markets, Asos payout, Nordstrom online, Rosen’s honour, Proenza Schouler

Prada to Add 260 Shops in 3 Years on Demand From BRICs (BusinessWeek) “Prada, the Italian fashion company that owns the Miu Miu and Church’s brands, plans to add 260 stores in the next three years to tap demand in emerging markets including Brazil, China and Persian Gulf countries.” Asos fashion retailer’s top managers reap £66m payout (Guardian) “Seven top managers of online fashion retailer Asos are being

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Loewe’s trajectory, Burberry rising, Vuitton’s top spot, Uniqlo expands, Prada and Polanski

Backstage at Loewe Fall/Winter 2012⎮Source: Wonderland Magazine

Spain’s got talent (Telegraph) “Stuart Vevers and Lisa Montague, the British duo who set Mulberry on the road to global superstardom, have taken their recipe to Loewe, the luxury heritage brand based in Madrid. Will it taste as sweet?” Burberry to invest in new, bigger stores (Reuters) “British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million

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Is the Met Ball Becoming Fashion’s Biggest PR Platform?

Beyonce Knowles makes her way up the Met Ball red carpet | Source: AP

NEW YORK, United States — Last night, and for the first time ever, red carpet arrivals at the Metropolitan Museum of Art’s annual Costume Institute Gala were live-streamed to the public on Vogue.com, Amazon.com and the museum’s own website, while viewers from across the globe were invited to participate via social media. As celebrities arrived at appointed times for their red-carpet rendez-vous, fashion watchers, bloggers and end

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Gender imbalance, Rising prices, DLF exits luxury, Bloomingdale’s in Canada, Helmut Lang

Diane von Furstenberg, Nadja Swarovski and the Swarovski award winners | Source: Style.com

Where Are the Women? (Style.com) “On the eve of the Costume Institute’s exhibition celebrating two pioneering female talents—Elsa Schiaparelli and Miuccia Prada—Nicole Phelps asks why there aren’t more successful young women designers in New York.” LVMH Skips European Austerity Raising Prices for Chinese (Bloomberg) “Chinese tourists traveling to Europe to take advantage of savings as much as 50

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Leather forever, China momentum, Adidas profits to rise, Curator wears Prada, ‘It’ brand again

Hermès winged saddle bag | Source: Glam

Wings of desire: 175 years of Hermès (Telegraph) “Fast-forward to now, and Hermès is the world’s best-regarded luxury company. The regard is reflected in its performance: last year, its profits rose 41 per cent to £495 million. Its exquisitely printed silk scarves are lusted after, but the cult of Hermès is predicated primarily on its handbags.” Slowdown in China? Not for luxury brands (CNN) “China’s

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Top 10 Fashion Films of the Season

NEW YORK, United States — What makes a successful fashion film? Is it a strong visual concept? Content that can be quickly parsed? A savvy distribution strategy? Humour? Provocation? A famous model or a catchy soundtrack? Creating compelling fashion videos has always been more art than science. But as we set about compiling our ranking of this season’s best films, we saw some interesting commonalities. While Cartier’s 3-minute CGI

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