Tiffany & Co Reports First Quarter Results in Excess of Estimates

Tiffany & Co

NEW YORK, United States — Tiffany & Co on Tuesday reported higher-than-expected sales for the first quarter that included Valentine's Day, helped by gains in all regions and promotions around the jeweler's 175th anniversary and "The Great Gatsby' movie tie-in.

…Continue Reading

Tiffany Sees Full-Year Revenue Rising 6 to 8 Percent

Tiffany & Co. Holiday Campaign | Source: Tiffany & Co.

NEW YORK, United States — Tiffany & Co on Friday reported a slightly higher profit for the quarter that included the holiday season and said net worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions.

…Continue Reading

Vuitton and Tiffany Seen Pressured in Japan by Weaker Yen

Tiffany & Co. store | Source: Tiffany & Co

TOKYO, Japan — Tiffany & Co. and Harry Winston stores will follow Louis Vuitton in raising some prices to offset the yen’s 12 percent slide since Prime Minister Abe took office Dec. 26 with a promise to tame the currency’s strength and revive Japan’s exporters.

…Continue Reading

As LVMH Sales Growth Slows, Will Bernard Arnault go on a Buying Spree?

Bernard Arnault | Source: Courtesy Photo

PARIS, France – LVMH Moet Hennessy Louis Vuitton SA is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years. The $87 billion company could go after Burberry Group Plc, the U.K.’s biggest luxury-goods producer or Tiffany & Co., the New York-based jeweler, according to luxury industry analysts.

…Continue Reading

Market Pulse | Dealing in All Shapes and Sizes

Savigny Luxury Index January 2013 | Source: Savigny Partners

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

…Continue Reading

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

…Continue Reading

Market Pulse | Clouds on the Horizon?

Savigny Luxury Index May 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) slid 5.2 percent in May, underperforming the benchmark MSCI World Index (“MSCI”) by almost 2 percentage points.  Strong results mixed with an increasingly glum outlook for Europe and indications of a slowdown in China resulted in some profit taking as investors exited the sector.  All the stocks in our index ended the month negatively. Big news Although the sector delivered

…Continue Reading

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,

…Continue Reading

Valli girls, Hermès hikes dividend, Tiffany sparkles, Shoptiques’ ambitions, Herb Ritts

Giambattista Valli | Source: FranceTV

Catering to the Valli Girls (NY Times) “Mr. Valli has worn the strand of natural pearls, which he said he purchased from a maharajah in India, ever since Luigi Scialanga, who does the jewelry for his shows, told him that ‘this is you, this is going to be your signature thing.’ Mr. Valli is all about a signature.” Hermès hikes dividend as 2011 profit jumps (Reuters) “France’s Hermès affirmed its

…Continue Reading

Market Pulse | Throwing Caution to the Wind

Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — It’s been a strong start to 2012 for the luxury good sector, as equity markets made significant gains in January. Big news The Savigny Luxury Index (‘SLI’) outperformed the benchmark MSCI World Index (‘MSCI’) by 6 percentage points, gaining 11 percent over the month of January, relative to an increase of close to 5 percent for the MSCI. Investors have been exposed to continued good news.  Indeed

…Continue Reading

Croc phenomenon, Tiffany loses lustre, Pre-Fall confusion, Moschino at LFW, Straight talking blogs

New breed of bloggers | Source: NY Times

How Crocs Moved from Fashion Trend to $1 Billion Phenom (Forbes) “If they weren’t exactly running out to buy a pair of those bulbous bright resin (please don’t say rubber) clogs sprinkled with holes, investors sure are clamoring to snap up stock in Crocs Inc (CROX). The company whose fugly footwear has been the foundation of its business just announced it expects its full-year revenue to exceed $1 billion for the first time

…Continue Reading