The China Edit | Homegrown Designers, Richemont Sales Steady, Balenciaga

Chinese couturier Guo Pei at Asian Couture Week in Singapore, October 2013 | Source: Asian Couture Week

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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Richemont Reports Unchanged Earnings on Chinese Market Slowdown

Cartier store in Hong Kong | Source: Wikimedia

GENEVA, Switzerland — Cie. Financiere Richemont SA, the maker of Cartier jewelry and Montblanc pens, reported unchanged full-year earnings, capping three years of growth, after China cracked down on bribery and extravagance among government officials.

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Watchmakers Look to Bespoke Design to Court The Super-Rich

Buccellati Watches | Source: Buccellati

CHIASSO, Switzerland — As luxury watchmakers seek to keep increasing sales while preserving exclusivity, they are taking a leaf out of the haute couture book, making watches to order with anything from diamond stars to fully personalised shapes and decorations.

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Richemont’s Net-A-Porter May Fetch $3.4 Billion, Vontobel Says

Claudia Schiffer shot by Nico for The Edit | Source: Net-a-porter

JOHANNESBURG, South Africa — Cie. Financiere Richemont SA’s online fashion retailer Net-a-Porter may be worth as much as 2.5 billion euros ($3.4 billion) based on a comparison with the possible value of German rival Zalando AG, according to Bank Vontobel AG.

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Market Pulse | Giving Thanks?

Savigny Luxury Index November 2013 | Source: Savigny Partners

Investors are moving away from bigger groups towards smaller brands and American “affordable luxury.” Meanwhile, the jury is still out as to whether the crucial trading period from Thanksgiving to Christmas will deliver strong results, but sentiment remains positive, reports Pierre Mallevays of Savigny Partners.

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Richemont Slides as Chairman Says Global Economy Is ‘Precarious’

Chloé A/W 2013 | Photo: Sonny Vandevelde

GENEVA, Switzerland — Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after Chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position.

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Richemont Rules Out Divestments as Growth Picks Up

Lancel store in Moscow | Source: Wikimedia

ZURICH, Switzerland — Luxury goods group Richemont has decided not to sell underperforming businesses such as leather goods maker Lancel in part because it couldn't get a good enough price, disappointing analysts' hopes for a quick solution.

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