MILAN, Italy — Tod’s SpA reported a 7.6 percent increase in 2012 earnings and said initial results were “positive” in 2013, cut wholesale distribution in Italy by about 20 percent last year to reduce exposure to Europe’s fourth-largest economy, which is mired in recession.
LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 2.7 percent in February, underperforming the MSCI World Index (“MSCI”) by over one percentage point. The SLI lost ground at the beginning of the month following the questions raised on sector growth by LVMH’s annual results announcement. Big news • Most analysts felt that LVMH’s organic growth numbers for 2012 were a bit lower than expected. This, combined with Mr.
Today, Tod’s announced the appointment of Alessandra Facchinetti as creative director of its women’s collections. In a statement, the company's president, Diego Della Valle, cited the designer’s “passion for detail and dedication to the research of materials and manufacturing” as the reasons behind the move.
Today, BoF columnist Bandana Tewari reports on Project Renaissance, a unique collaboration between Indian artisans and international fashion brands organised by Vogue India in celebration of the magazine’s fifth anniversary. MUMBAI, India — Living in India, it’s not difficult to see the magic that lies in the country’s artisanal crafts and textiles. From the foothills of the Himalayas to the tip of Kanyakumari, there is tremendous
Coach handbag sales take hit, stock slumps (Reuters) “Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.” And Precisely So (NY Times) “The designers are learning to use the extraordinary skills of a couture atelier to be more self-critical