Market Pulse | Strong Results Mask Market Jitters

Savigny Luxury Index November 2011 | Source: Savigny Partners

  LONDON, United Kingdom — As the luxury and fashion sector enters the critical holiday shopping period on the back of strong results for the first half of the year, there are growing signs that executives are worried about what the future holds for the luxury market in 2012. Big news • This has been another month of record results for the luxury sector, with Hermès, Richemont, Ferragamo, Burberry, Tiffany, Prada and Ports all

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Akris’ discreet charm, PPR invests in The Fancy, Richemont cautious, Nordstrom disappoints, Versace’s bright idea

Albert Kriemler of Akris | Source: Estilo Moda

The Discreet Charm of Akris (WSJ) “Perhaps it is Kriemler’s understated, reluctant approach to anything overt or loud—fashionable or otherwise—that attracts women as powerful and talented as Condoleezza Rice, Angelina Jolie, Susan Sarandon and Nicole Kidman to his clothes… Kriemler works extensively with artisans from Akris’s hometown of St. Gallen. The town is renown in the business for its skilled

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NYFW 10 years on, Richemont sales rise, The move to Lincoln Center, Virtual closets, Diana Vreeland

Tory Burch | Source: Accessories Magazine

Fashion Week, 10 Years Later: A Bond Forged in Tragedy (NY Times) “It is but a small footnote to history that the 9/11 terrorist attacks happened on what was to have been the fourth day of New York Fashion Week for the spring 2002 season… In the days that followed, many designers, as they struggled to make sense of their world and resume the daily business of fashion, arranged simple presentations… But for the

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Market Pulse | Strong results fuel sector growth before tailspin in early August

Savigny Luxury Index July 2011 | Source: Savigny Partners

LONDON, United Kingdom — Over the past few days, international markets have plummeted in the face of growing uncertainty about the global economy, in particular the debt crisis in Europe and the downgrade of US treasuries by Standard & Poors. In this month’s Market Pulse, we analyse the market’s strong performance in July and provide a market update from the first few days of August. Big news • H1 results beat

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Rebranding Jane, Lessons from Polet, LVMH plans for La Samaritaine, Richemont profit soars, The Twitter trap

Jane Pratt | Source: Crain's

Jane Pratt, Unbound and Ready for the Web (NY Times) “With verticals on fashion; beauty; sports; entertainment; DIY; technology; New Agey; and Sex, Sex, Sex and Love, xoJane.com is the latest chapter in the Jane Pratt story, a saga that began almost 25 years ago… For now, Ms. Pratt is engaged in what is the struggle for celebrity editors (see: Brown, Tina): how to reinvent or reconfigure her personal brand for the

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A burst of colour in Milan, Brands as publishers, Virtual fitting rooms, Richemont rises, Robert Duffy charms Tokyo

Dolce & Gabbana Autumn 2011 | Source: Style.com

In High Definition Color (IHT) “Orange, marigold, lagoon blue and purple — the start of the Milan menswear winter season has been drenched with color. High Definition vision is the message from designers who seem determined to look forward… and to put a brighter perspective on autumn 2011.” Publishing, Without Publishers (NY Times) “Luxury brands have always advertised in the likes of Vogue, Esquire and

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Behind the veil, Richemont’s cash plans, Social commerce, Fashion’s food groupies, David Szeto on the record

Burberry on Twitter | Source: Twitter

Giving a Glimpse of How It Is Done (NY Times) “‘The point is, luxury brands cannot compete on product alone… They all sell beautiful products and follow the same trends, so loyalty is low. Brands are seeking ways to connect to consumers and show how they’re different.'” Richemont’s Focus on Saving Cash Pile Damps Hermès Speculation (Bloomberg) “Richemont said the world’s largest jewelry maker

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Richemont’s earnings leap, Zegna’s future rests in Asia, Tod’s profit up, Dior’s fashion film play, JF&Son world view

Vacheron Constantin Timepiece detail | Source: Vacheron Constantin

Richemont’s Earnings Rise 88 percent (Reuters) “Cartier watchmaker Richemont said strong demand for pricey timepieces in Asia and the Americas boosted first-half profit, which beat expectations, adding the brisk pace of growth continued in October.” Ermenegildo Zegna: Fashionably Alive (The Economist) “Zegna has not been left unscathed by globalisation, an economic downturn and the capriciousness of fashion:

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Japanese web bargains, Lagerfeld goes masstige, Richemont sales jump, PVH raises outlook, Wintour’s web

Louis Vuitton Omotosando | Source: Highsnobiety

Web-Bargain Luxury Comes to Japan (WSJ) “For decades, the model for selling luxury imported goods in Japan has been simple: plush surroundings, attentive service—and the ‘Japan premium’… But the cozy system may be cracking, [thanks in part to] third-party websites to jump in with deep discounts.” Karl Lagerfeld cancels Paris show (Catwalk Queen) “Instead, the designer is working on a new

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Richemont disappoints, UK retail plunges, J Crew beats Street, Zara’s Indian move, DIY design blogs

Chloè Spring-Summer 2010 | Source: Chloè

Richemont downbeat over sector prospects (FT) “Richemont’s restraint, along with lower than expected net profits, disappointed some analysts. Sales fell by 4 per cent to €5.18bn ($6.4bn), while net profits from continuing operations dropped 18 per cent to €603m. The closely watched margin fell to 16 per cent from 17.9 per cent.” Falling retail sales dampen recovery hopes (Times) “Retail sales plunged to a

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Craftmanship’s demise, Richemont’s prize, Crowdsourcing fashion, Designing for China, McQueen’s final days

Céline Spring/Summer 2010 | Source: Céline

Europe laments craftsmen’s demise (FT) “Europe’s luxury goods makers have warned that numbers of skilled craftsmen – prized by dressmakers, perfumiers and watchmakers for their expertise – are dwindling rapidly as suppliers have sourced more production from Asia.” Ready for the next chapter in e-tailing (FT) “E-tailing is no longer a luxury for the luxury industry – it’s a necessity… [Richemont] became the

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Breaking News | Richemont confirms acquisition of Net-a-Porter

Net-a-Porter homepage | Source: Net-a-Porter

LONDON, United Kingdom — It’s official and finally confirmed. Net-a-Porter, the world’s pioneering and leading luxury ecommerce retailer has been acquired by Richemont, which was already the largest shareholder in Net-a-Porter prior to the announcement of the transaction this morning, valuing the business at a whopping £350m. Natalie Massenet, Net-a-Porter’s Founder and Executive Chairman has long been a friend

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Luxe M&A returns, Richemont and Net-a-Porter link up, Fashion Culture, Nilsson’s 9 lives, Sartorialist knockoff

Julianne Moore for Bulgari 2010 | Source: Bulgari

Luxury sector readies for increase in deals (Financial Chronicle) “Merger and acquisition activity in the luxury sector is set to rise after a twoyear hiatus, driven by a recovery in the sector, closer price agreement between buyers and sellers and the weaker euro.” Richemont seeks to buy UK’s Net-a-Porter (Reuters) “Swiss luxury goods maker Richemont is seeking to buy the 67 percent of UK online fashion

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