John Fairchild’s legacy, IMG buys TFW, Soft economy, Tod’s profits up, Julie Eilenberger

| Daily Digest

John Fairchild | Source: Vanity Fair

Fashion’s Most Angry Fella (Vanity Fair) “When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.” Toronto Fashion Week sold to IMG, Robin Kay steps down

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Raf Simons speaks, Hermès growth slows, China fashion in London, Leather art, Olympic fall guy

| Daily Digest

Raf Simons on his Dior couture debut (Telegraph) “Speaking in a video posted on Dior’s official YouTube page, Simons explains the concept behind his much-lauded collection and how it felt entering into a house with such rich history in his first interview since the July 2 show.” Hermès sales growth slows as economies falter (Reuters) “French luxury goods maker Hermès said second-quarter sales growth slowed

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Ending note, J Brand eyes IPO, China slowdown, Ralph signs on for 5 more years, Cost of fast fashion

| Daily Digest

Elie Saab, Jean Paul Gaultier and Valentino Couture 2012 | Source: Style.com

Ending on a Grace Note (IHT) “For all the the flesh still flashed on the red carpets, there is a change of mood on the runways. Perhaps the change can best be seen in the long-sleeved dresses with hemlines at the shoe-level that have taken over for the once-prevalent winter bare-the-body look.” J Brand hires bank to explore sale, IPO (Reuters) “Women’s apparel maker J Brand has hired Morgan Stanley to help

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Market Pulse | Clouds on the Horizon?

| Market Pulse

Savigny Luxury Index May 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) slid 5.2 percent in May, underperforming the benchmark MSCI World Index (“MSCI”) by almost 2 percentage points.  Strong results mixed with an increasingly glum outlook for Europe and indications of a slowdown in China resulted in some profit taking as investors exited the sector.  All the stocks in our index ended the month negatively. Big news Although the sector delivered

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Market Pulse | Status Quo

| Market Pulse

Savigny Luxury Index March 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) traded in a relatively narrow bandwidth this month, slipping 0.3 percent, whilst the benchmark MSCI World Index (MSCI) edged up 0.2 percent. Worries over a slowdown in China were offset by yet another string of exceptional results announcements, resulting in a status quo for the month of March. Big news The sector has been awash with strong results announcements with Prada,

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