Caution in China, Prada slump, Fashion week flare up, H&M sales lag, Julia Restoin-Roitfeld

Salvatore Ferragamo China | Source: Moda Online

Luxury brands turn cautious on China (FT)  “Watching three malls open within a square mile over the past year and a fourth preparing to follow, all with their share of luxury boutiques, Beijingers may think that soon their city will have as many Louis Vuitton and Salvatore Ferragamo stores as bank branches or McDonalds restaurants. But things might be on the verge of changing.” Prada Poised to Extend Slump as China

…Continue Reading

Market Pulse | Strong Results Mask Market Jitters

Savigny Luxury Index November 2011 | Source: Savigny Partners

  LONDON, United Kingdom — As the luxury and fashion sector enters the critical holiday shopping period on the back of strong results for the first half of the year, there are growing signs that executives are worried about what the future holds for the luxury market in 2012. Big news • This has been another month of record results for the luxury sector, with Hermès, Richemont, Ferragamo, Burberry, Tiffany, Prada and Ports all

…Continue Reading

Michael Kors IPO, Gucci sales hold firm, Tailoring to Asia, Frisoni thrives at Vivier, All that glitters

Michael Kors by Mikael Jansson | Source: Interview

Michael Kors Seeks to Raise $792.3 Million in U.S. IPO (Bloomberg) “Michael Kors Holdings Ltd., the luxury-clothing company, is seeking to raise as much as $792.3 million in a U.S. initial public offering as the company’s founder and the biggest investor trim their stakes… Michael Kors, the designer who founded the company in 1981, is planning to cut his stake as retailers of luxury goods outperform mid-priced

…Continue Reading

Dior by Demarchelier, Prada profits surge, Tiffany sales slow, Patricia Field’s way, Sean McGirr rising

Dior Couture by Patrick Demarchelier | Source: Mama's Rolling Stone

Opening the Doors of Dior (NY Times) “Saint Laurent, Chanel, Dior: the names of the most famous Paris houses sort of dance off the tongue. Their histories defeat the idea that younger generations might be bored with old things. And a stream of books and films helps to assure that they won’t be. “Dior Couture” (Rizzoli), by the photographer Patrick Demarchelier, is far and away the most gorgeous book on the house…What

…Continue Reading

Top 10 Fashion Films of the Season

Lanvin Spoof Video | Source: NEW YORK, United States — At BoF, we’ve been ranking the top fashion films of the season since 2009, when the genre was still just coming into existence. But even back then, set against the staggering rise of online video consumption and the growing importance of engaging young digital consumers, the medium’s tremendous potential was clear. Fast-forward to the Autumn of 2011 and YouTube-friendly short

…Continue Reading

In Manolo’s shoes, Prada’s great expectations, No logo, China leads luxury spending, Steve Jobs: Fashion inspiration

Manolo Blahnik | Source: Briseis

In His Shoes (NY Times) “This is the tale of the little stiletto that could, a shoe that in the long-ago days of the luxury-goods boom scampered to the top of a rarefied heap. It was just a handful of years ago that the name of Manolo Blahnik, a 68-year-old London cobbler born in the Canary Islands, was familiar only to hard-core fashion hunters and residents of ZIP code 10021.” Prada forecasts China sales to triple in

…Continue Reading

L2 Study Reveals Shortfalls in Digital Competence

Digital IQ Index 2011, Greatest Year-Over-Year Gain or Loss | Source: L2

NEW YORK, United States — On Monday, Professor Scott Galloway’s NYU-based thinktank LuxuryLab, or L2, released advance copies of their third annual “Digital IQ” report, assessing the digital competence of 49 global fashion and leather goods firms, to a small number of media outlets, including BoF. According to the study, which will be published later today, fashion brands are embracing digital innovation with enthusiasm and have

…Continue Reading

Market Pulse | Fears Over China Trigger Luxury Sell-Off

Savigny Luxury Index September 2011 | Source: Savigny Partners

LONDON, United Kingdom — The seemingly unflappable luxury market continues to waver, with growing worries that China’s booming economy — the driver for much of the rapid growth of luxury brands in the past few years — is beginning to slow down. As a result, every major luxury brand has been hit, and hit hard. Big news • Luxury stocks suffered a steep sell-off in the last ten days of September as hedge funds moved out of the

…Continue Reading

Prada’s sweetness, Worldwide demand for Nike, Milan’s first concept store, D&G to close, Kanye’s clothes

Prada Spring/Summer 2012 | Source: NY Times

The Roman Spring of Ms. Prada (On the Runway) “Miuccia Prada spent her summer vacation in northern Argentina. Karl Lagerfeld was at home in St.-Tropez, ducking camera-snapping tourists. Somehow, though, their spring collections brought us all to Italy, or at least our idea of an Italian holiday. Neither show was a movie-still occasion, but the cottony, upswept hair and glitter-coated eyelids at Fendi might make you think of a

…Continue Reading

Market Pulse | Strong results fuel sector growth before tailspin in early August

Savigny Luxury Index July 2011 | Source: Savigny Partners

LONDON, United Kingdom — Over the past few days, international markets have plummeted in the face of growing uncertainty about the global economy, in particular the debt crisis in Europe and the downgrade of US treasuries by Standard & Poors. In this month’s Market Pulse, we analyse the market’s strong performance in July and provide a market update from the first few days of August. Big news • H1 results beat

…Continue Reading

Miu Miu strikes a chord, ASOS global, Hugo Boss boost, Louboutin vs YSL, Rocking fashion in Berlin

Miu Miu Autumn Winter 2011 Photographed by Bruce Weber | Source: Miu Miu

Prada Woos Young Chinese With Edgier Sister-Brand (WSJ) “Aiming to cash in on China’s bulging population of young fashion-lovers, Prada is turning its focus in the Chinese market to its… Sister-brand… Miu Miu has struck a chord with China’s young luxury shoppers… Who… Don’t remember the era in which the brand was overshadowed by the Prada label.” Global growth drives ASOS sales (FT) “Online

…Continue Reading

Market Pulse | Prada and Ferragamo Hit the Stock Market

Savigny Luxury Index June 2011 | Source: Savigny Partners

LONDON, United Kingdom — The M&A and IPO scene in luxury goods and fashion continues to storm ahead. This month’s Market Pulse reveals a redefined Savigny Luxury Index which now includes Italian fashion powerhouses Prada, and soon, Salvatore Ferragamo. Big news • Two very high-profile IPOs: Prada listed in Hong Kong on 24 June and Salvatore Ferragamo listed in Milan on 29 June.  Both pulled off their IPOs amongst tricky

…Continue Reading

Mining luxury in Mongolia, Surfer dudes in Paris, Made in China, Uniqlo and Jil Sander to part ways, Cardin’s world

The Luxury Frontier (WSJ) “What happens when a country previously hindered by vastness and foreign rule awakens to wealth on its doorstep? With Louis Vuitton on one corner and one of the world’s largest gold deposits down the road, the previously nomadic society of Mongolia is putting down some rich roots.” Paris Men’s: Dude Surfers (On the Runway) “The Paris men’s shows could always surprise with a great

…Continue Reading