Led by China, New Markets to Continue to Drive Luxury Growth, Says Report

Prada Store in Chengdu, China | Source: Prada

The European luxury goods sector will continue to expand over the next five years at 6-7 percent, with the majority of growth driven by consumers from new markets, revealing just how dependent the sector has become on emerging economies.

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Market Pulse | Staying the Course

Savigny Luxury Index February 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 2.7 percent in February, underperforming the MSCI World Index (“MSCI”) by over one percentage point. The SLI lost ground at the beginning of the month following the questions raised on sector growth by LVMH’s annual results announcement. Big news • Most analysts felt that LVMH’s organic growth numbers for 2012 were a bit lower than expected. This, combined with Mr.

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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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Prada 2012 Sales Surge 29 Percent on European Demand for Luxury

Prada Spring/Summer 2013 | Source: Prada

Feb. 19 (Bloomberg) -- Prada SpA, an Italian maker of $1,150 studded leather slippers, reported a 29 percent increase in full-year sales, led by demand in Europe and Asia.

Revenue climbed to 3.3 billion euros ($4.4 billion) in the 12 months through January, the Milan-based company said today in a statement. The average of 28 analysts’ estimates compiled by Bloomberg was 3.31 billion euros. Excluding currency

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Bulgari’s billionaires, Web fashion foray, Top of the world, Fashion over art, Inside Brioni

[caption id="attachment_40456" align="alignnone" width="500" caption="Nicola and Paolo Bulgari | Source: Forbes/Getty Images"][/caption] Bulgari Brothers, Jewelers To The Stars, Are Billionaires Thanks To Tiny LVMH Stake (Forbes) "In 2011, however, French luxury empire Moët Hennessy Louis Vuitton (LVMH) acquired Bulgari in an all-share deal, handing over 3.6% of the conglomerate to the family. Last year, as LVMH’s stock rose, the Bulgaris and nephew Trapani sold a tiny sliver of their stake, reportedly to take care of taxes and other expenses." Amid U.K. Retailer Woes, a Web Fashion Foray (BusinessWeek) "As more British retailers succumb to competition from the Internet, a venture capital firm is underscoring the shift with its first investment in a fashion seller to develop its online business." On Top of the…

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Photo Diary | 10 Fashion Moments in Milan for Menswear A/W 2013

Prada A/W 2013 | Photo: Sonny Vandevelde

MILAN, Italy — Sonny Vandevelde was backstage in Milan again this season to give us a behind-the-scenes look into the Milan menswear collections for Autumn/Winter 2013. Accessories were strong, with bold shoes and standout leathergoods from Burberry, Bottega Veneta and Prada. Mrs Prada also advocated a relaxed, but considered geek chic vibe amongst some of the more put together looks in shades of grey, black and beige seen

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