BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
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.
GENEVA, Switzerland — Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million). The shares declined as much as 3.1 percent to 77 Swiss francs, the biggest intraday decline since Jan. 21. That was the price at which the stake was sold, according to two people familiar with the transaction. The stock traded 2.6 percent lower at 77.40 francs at 9:29 a.m local time. Goldman Sachs Group Inc., which is managing the placement, had originally set a price range of 76.30 francs to 77.50 a share, according to the terms obtained by Bloomberg News. Alan Grieve,…
The European luxury goods sector will continue to expand over the next five years at 6-7 percent, with the majority of growth driven by consumers from new markets, revealing just how dependent the sector has become on emerging economies.
LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a