Market Pulse | Prada and Ferragamo Hit the Stock Market

| Market Pulse

Savigny Luxury Index June 2011 | Source: Savigny Partners

LONDON, United Kingdom — The M&A and IPO scene in luxury goods and fashion continues to storm ahead. This month’s Market Pulse reveals a redefined Savigny Luxury Index which now includes Italian fashion powerhouses Prada, and soon, Salvatore Ferragamo. Big news • Two very high-profile IPOs: Prada listed in Hong Kong on 24 June and Salvatore Ferragamo listed in Milan on 29 June.  Both pulled off their IPOs amongst tricky

…Continue Reading

Vuitton’s REcreative artists, Labelux acquires Belstaff, Ferragamo IPO a go, J.Crew reports losses, Honouring Hilary

| Daily Digest

Peeq, shop and play with Sneakpeeq | Source: Sneakpeeq

Calling all aspiring artists: Louis Vuitton launches just the site for you (Telegraph) “REcreative, www.recreativeuk.com, has been devised and developed over the past year… Aspiring artists can upload their work and share it with the online community in the ‘Projects’ section of the site, where leading artists and critics will select their favourite works to highlight.” Labelux boosts fashion M&A

…Continue Reading

Art of the Trench, Luxury as elite and youthful, La Perla lowers prices, Record rents, Ferragamo’s online museum

| Daily Digest

Burberry Looks Online for Ways to Gain Customers (IHT) “Angela Ahrendts still remembers when she bought her first Burberry trench coat… Ms. Ahrendts — who now runs the company — is hoping to move the quintessentially British brand into the age of the Internet to attract a new generation of shoppers.” Luxury Pundits: Stay Elitist Yet Youthful (Media Post) “Luxury brands… must be elitist, empathetic,

…Continue Reading

Mexico’s luxury promise, ASOS goes global, UK retail sales up, M&S cautious, Cathy Horyn en route to Paris

| Daily Digest

El Palacio de Hierro luxury department store, Mexico City | Source: iluminet.com.mx

Ferragamo Chief Norsa Says Mexico Is Strongest Luxury Market (Bloomberg) “Salvatore Ferragamo SpA Chief Executive Officer Michele Norsa said the Italian fashion brand’s strongest sales growth among major economies this year has been in Mexico, where the wealthy spent more at home as the peso fell.” Asos benefits from overseas sales (FT) “In a statement ahead of its annual shareholder meeting, Asos said

…Continue Reading

Giornetti for Ferragamo women’s, Hugo Boss stable, Saks menswear, Designer blogger revealed, Biba’s Story

| Daily Digest

Massimiliano Giornetti for Ferragamo S/S 2009, courtesy of Fashionisto

Ferragamo menswear designer takes on womenswear (Reuters) “Italian fashion house Salvatore Ferragamo has said its menswear designer Massimiliano Giornetti will also take on women’s ready-to-wear.” Hugo Boss keeps 2009 outlook after weak Q2 (Reuters) “Hugo Boss said on Thursday second-quarter loss before interest and tax (EBIT) widened to 15.6 million euros ($21.99 million) from 2.2 million in the same period

…Continue Reading

12345