Manolo’s legacy, Arcadia profits up, Luxury survival, Fifth Avenue rent, Fashion legend

Manolo Blahnik | Source: The Window, Barneys

Manolo Blahnik: ‘There is nothing charming about a woman who cannot walk in her shoes’ (Guardian) “The tremendously satisfying thing about Manolo Blahnik, the man, is that he is exactly the way you picture him. The singleminded fashion obsessiveness of Anna Wintour is spiked with the belle-epoque-bonkersness of Ab Fab’s Patsy and housed in the body of Hercule Poirot.” Philip Green’s Arcadia year

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Longchamp’s journey, Nordstrom profit up, Richemont co-CEO’s, ASVOFF, Hi-tech Hermès

Longchamp: A long way from pipes in Paris (Independent) “Longchamp’s signature product is a handbag seen on the arms of hundreds of women everywhere from London to Sao Paulo and Singapore. Its Le Pliage foldable handbags launched in 1993 and the company still sells three million of them every year, helping to explain a recent 22 per cent growth in group sales. Despite its products being a common sight among the masses,

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Market Pulse | Burberry Causes a Downpour

Savigny Luxury Index September 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) lost 6.9 percent in September, underperforming a flat-ish MSCI World Index (MSCI) by nearly seven percentage points.  Burberry’s profit warning sent the sector into turmoil mid-month and no amount of good news from the likes of Prada and Michael Kors could lift investors’ spirits. Big news Burberry announced a substantial slowdown in sales growth, with same store sales

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A metallic edge, Luxury relief, Fancy’s next move, Alistair Carr to McQ, VFiles launch

Burberry Spring/Summer 2013 | Source: Examiner

Metallics, florals and futuristic edge rock London fashion (Reuters) “Rainbow colored metallics, abstract prints and edgy florals sashayed down the runway on day four of London Fashion Week, which featured a star-studded line-up of designers from Peter Pilotto to Christopher Kane and Burberry’s Christopher Bailey.” Relief for luxury groups in French court (FT) “The French luxury goods industry drew a sigh of

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Zegna hires Pilati, Richemont Asia sales slow, Dispute escalates, Online trade-offs, Cost of craft

Stefano Pilati by Evan Sung | Source: NY Times

Zegna Hires Designer From Saint Laurent to Bolster Brand (NY Times) “The Italian men’s wear company Ermenegildo Zegna moved on Tuesday to strengthen its core brand and breathe new life into its little-known women’s fashion line by hiring a designer best known for his work at Yves Saint Laurent.” Richemont’s Asia bonanza slows, tourists boost Europe (Reuters) “Richemont, the world’s second-largest

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Market Pulse | Back in the Tourist Business

Savigny Luxury Index August 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points.  Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven

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Market Pulse | Same Story, Different Month

Savigny Luxury Index June 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) inched up 1.0 percent in June, relative to an uplift of 2.8 percent in the benchmark MSCI World Index (“MSCI”).  Newsflow from China continued to worry investors and sector results, although strong, did show signs of a slowdown in growth over the last few months. Big news China’s growth rate slowed for a sixth consecutive quarter to its slackest pace in over three years

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Burberry tech team, Atwood acquired, Tourist shoppers, Facebook’s Open Graph, Xander Zhou

Burberry’s Angela Ahrendts: High tech’s fashion model (Fortune) “Ahrendts has been boldly reinventing Burberry’s image and operations since she arrived at the British company six years ago. Her moves have paid off handsomely: Annual sales of some $3 billion are more than double 2007 levels, and the stock has returned nearly 300% since Ahrendts’ arrival.” Jones Group tries on new shoes

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The Week in Review | Contemplating the New Aesthetic, Curated commerce, Inez and Vinoodh, Introducing Edeline Lee

The Week in Review, 14-19 May 2012

Is Fashion Ready for a New Aesthetic? (Intelligence) “Over the past year, a loose group of creatives in London’s East End have given birth to a counter-narrative to the growing tide of heritage and nostalgia, examining the reality of our increasingly artificial and technology-mediated world head-on.” Commerce That’s Curated Just for You (Fashion 2.0) “Ambitious start-ups are aiming to offer consumers more sophisticated personalised

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Richemont beats estimates, Brazil rising, Sportswear gold, My-wardobe in Asia, After J.Crew

Richemont CEO Johann Rupert | Source: Connecting Watches

Richemont Full-Year Profit Beats Estimates on Asian Sales (Bloomberg) “Richemont, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region. Net income climbed 43 percent to 1.54 billion euros ($1.96 billion) in the 12 months through March 31, the Geneva-based company said today in a statement.”

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JC Penney’s big loss, Richemont optimism, Millennial spend, Alexis Bittar expands, Jess Hallett

JCPenney campaign with Cindy Crawford | Source: Adrants

J. C. Penney Posts Big Loss as 3 Retailers Gain (NY Times) “While retailers including Home Depot, Saks Fifth Avenue and TJX Companies reported solid profits on Tuesday, J. C. Penney, in the midst of an ambitious turnaround plan, posted a big loss and said its quarterly sales had dropped 20 percent.” Strong Asia demand keeps Richemont optimistic (Reuters) “Richemont, the world’s second-largest luxury goods

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Market Pulse | Status Quo

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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