Market Pulse | Back in the Tourist Business

| Market Pulse

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

…Continue Reading

Market Pulse | Same Story, Different Month

| Market Pulse

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

…Continue Reading

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

| Daily Digest

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

…Continue Reading

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

| Daily Digest

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

…Continue Reading

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

| Daily Digest

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.”

…Continue Reading

34567