HERMES APPLE WATCH

apple-hermesLast Wednesday Apple announced a partnership with French luxury leather goods manufacturer Hermès and launches a Hermès leather strap for the Apple Watch.

“Apple and Hermès make very different products, but they reflect the deep appreciation of quality design,” said Jonathan Ive, Apple’s chief design officer in a press release. “Both companies are motivated by a sincere pursuit of excellence and the desire to create something that is not compromised. Apple Watch Hermès is a true testament to that belief.” It is to you to decide if you agree with it.

Hermès’ creative director Pierre-Alexis Dumas stated: “I see it as the establishment of an alliance in excellence; like horse and carriage, a perfect team.”

Hermès will feature three types of bracelets for the Apple Watch: the double-wrap model with steel buckle, in a range of four colours Continue reading

HERMES REAL LUXURY

Hermes3French luxury goods maker Hermès posted a 20 percent rise in first-half operating income in line with expectations, helped by strong tourist demand in Japan, the United States and Europe.

The brand known for its silk scarves and Birkin bags costing several thousand euros reiterated on Friday that its operating margin for the full year would be lower than in 2014 due to currency fluctuations.

As expected, Hermès kept its medium-term goal of increasing annual sales at constant exchange rates by 8 percent.

Half-year results from other luxury companies such as LVMH and Gucci owner Kering published last month have been stronger than expected, driven in part by Asian shoppers in big European Continue reading

LITTLE LAMB McCARTNEY

stellamccartneyPeople for the Ethical Treatment of Animals (PETA) publihed a four-minute video which filmed sheep being mistreated by its workers in the Ovis 21 farm network.

Ovis 21 is an Argentinian wool farm, internationally known for providing merino wool used in Patagoni’s base lawyers and insulation.

Following the release, the British designer Stella McCartney, who used to source wool from this company, announced that her brand will cease to use the fiber from this supplier and wrote: “I am very saddened to report that we have had to cease sourcing some of our sustainable wool from Ovis 21 in Patagonia”. Continue reading

CHINA & LUXURY THE END OF A LOVE STORY

LUXECHINOISChinese tourists have been spending record amounts on luxury goods this year, VAT-refund company Global Blue said in a report published in April. For European destinations, the weak euro has been a big draw.

More than 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive.

However China has just devalued its currency by 2 percent after a run of poor economic data – a move some economists think Continue reading

STRUGGLE FOR LIFE IN GERMANY

KARLNews from the luxury sector in Germany haven’t been very glamorous lately. To the joy of international companies such as Hermès and LVMH, the rich and famous are usually not discouraged by economic downturns, so why are some German companies having such a hard time?
Next to internal disputes and challenges, German designer brands seem to be having major difficulties keeping up with the fast-evolving nature of their industry.

Womenswear group Escada has had, for example, a good run after it welcomed new investor Megha Mittal, but the company has faced severe issues on an executive level. Its latest CEO Glenn McMahon stepped down in July after seven months of tenure, following the resignation of Continue reading