NEW YORK, United States — Tiffany & Co. Chief Executive Officer Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal.
LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month. From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’
What Do Girls Want? (NY Times) “You can understand why brands like Chanel want to limit their Web exposure, but what happens to interest if the immediate outlet is blocked? This is not a generation that will wait to get a number for admission.” Style.com’s Faces Off With Vogue (WWD) “Right after Labor Day, Style.com, once the online home of W and Vogue but now a brand in its own right, will face some stiff
Indian designers make their mark with craft (IHT) During Wills Lifestyle India Fashion Week, designers are making a mark through artisanship. Nike realigns global footprint (Just Style) Sporting goods giant Nike last week unveiled plans to reorganise its namesake brand into six regions with reduced management in a bid to make its operations more efficient and trim costs. Tiffany’s Reports Sales Declines (Seeking Alpha)