Market Pulse | China Slowdown Casts a Cloud

Intelligence | Market Pulse

Savigny Luxury Index April 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) lost 1.5 percent in April, underperforming the MSCI World Index (“MSCI”) by almost two percentage points. Luxury spending in Europe has been hit by a drop in tourist demand, as well as price increases by brands seeking wider margins. The unusually cold weather, particularly in March, also contributed to weak demand for Spring/Summer ready-to-wear collections.

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Richemont Says Full-Year Profit Rose 30% on Favorable Currencies

| News & Analysis

ZURICH, Switzerland — Cie. Financiere Richemont SA, the maker of Cartier jewelry and IWC watches, said full-year net income rose about 30 percent, boosted by favorable exchange rates. Operating profit rose about 18 percent in the year through March as sales rose 14 percent, the Geneva-based company said today in a statement. Revenue rose 9 percent excluding currency shifts. The company said Swiss stock exchange rules required the announcement and the company will report full results on May 16. By: Janice Kew; Editors: Thomas Mulier, Tom Lavell

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Is There a Fashion-Tech Bubble?

| Fashion 2.0

Source: Shutterstock

As money pours into fashion-tech start-ups, at sky high valuations, BoF talks to leading investors to assess the existence of a bubble and understand what separates winning investments from those that are failing.

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