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Highlights from the Reuters Global Luxury Summit

Filed under: Decor, Handbags, Jewelry



The titans of luxury in New York, Paris, London, Tokyo, and Dubai have spoken, and their mood is, generally, upbeat. The Reuters Global Luxury Summit, which started yesterday and ends tomorrow, is a three-day blitz of interviews with chief executives and chairmen of Hermes, Burberry, Tiffany and Co., Rolls-Royce, Montblanc, Chopard, Estee Lauder, and Saks, to name a few.

Here are some highlights:
  • Designer Jonathan Adler, says his mandate for the Christmas season is "irresistable giftables. "I hope that when you walk into my store you will feel like you're in a crack-den of adorableness." As for how his business is faring in the recession: "I think that my design aesthetic is probably the right design aesthetic for right now," he told Reuters. "I've always called my design philosophy happy chic, and it is about creating design that is chic, luxurious, and I hope beautiful, but adding an element of levity and irreverence that I think makes people feel good. And probably in these grim economic times, the element of happiness is resonating with consumers."
  • The new Rolls-Royce Ghost model, to be available in September, may help double the carmaker's annual sales. The projection is based on the 1,500 deposits already received for the Ghost.
  • Hermes is breeding crocodiles on its own farms, mainly in Australia, to keep up with demand for its exotic-skin $50,000 handbags, because, as Hermes chief executive, Patrick Thomas, put it, "The world is not full of crocodiles, except the stock exchange!" [Meanwhile, Louisiana alligator farms are struggling.]
  • Classical styles for handbags are winning out over "it" bags, according to Burberry chief executive Angela Ahrendts. "They (shoppers) want them to last. They want to be able to psychologically know they can carry them for the next couple of years and no one will know how old it is."
  • Montblanc is planning to open four boutiques in Saudi Arabia this year. Pens account for about half of total sales since the company has diversified into watches and fine jewelry.
  • Chopard has seen sales drop 15-20 percent this year, but is hoping a recovery will level off the sales drop to just 10 percent. "We already feel a little bit of a comeback," Chopard's chairman, Karl Scheufele, said.
  • Juicy Couture is increasing the number of products sold for $200 and less to adjust to the recession, Juicy Couture's president, Edgar Huber said.
  • Sales of traditional Japanese doll sets, costing from $2,000 to $50,000, have held in the recession.
Source

Burberry Cotton Check Tote, Handbag of the Day

Filed under: Handbags

Black and white checks will never go out of style, and they seem to know it because they continue to reappear year after year in the fashion scene. This version of the classic is from Burberry, and although they've done checks before this Cotton Check Tote is fresh in a bright new pattern with a versatile detachable cross-body strap (which is in addition to the double handles). Other features include leather trim to accent the cotton fabric, zip-top closure, several interior pockets, and a black leather lining. $1,295

Burberry Prorsum Willow Leather Clutch, Handbag of the Day

Filed under: Handbags


Described as perfect for spring, this bag is certainly perfect for the current season but I think it will also work wonderfully all year round. Classically neutral and a little flashy, this Burberry Prorsum Willow Leather Clutch does not come with a detachable shoulder strap (a rarity!) but instead a wristlet-like handstrap with a ring on one end. Anthracite scaled metallic leather gives it a beautiful shiny texture, while a fold-over top and magnetic closure make for easy inside access. A must have if you ask me. $995

The $250,000 Ferragamo Crocodile Trench Coat

Filed under: Apparel, Men's Style


Remember the $150,000 crocodile peacoat from Hermès we wrote about last summer? Luxury Italian fashion house Salvatore Ferragamo has upped the ante considerably with a full length, double-breasted trench coat (above) made from the world's finest crocodile skin that costs an astounding $250,000. Available only by special order, the incredible matte black coat, handmade by artisans in Italy, features epaulettes, D-rings, forearm straps and a silk lining. Thomas Burberry is credited with inventing the trench coat in 1901; originally only British army officers were allowed to wear one. We're guessing this version was probably conceived of before the luxury goods market went to hell in an alligator handbag.

[via JustLuxe]

Burberry Large Lowry Canvas Bag, Handbag of the Day

Filed under: Handbags

handbagBurberry's classic plaid designs never bore me. Even though they often include the same color scheme any new design still pulls at my spending strings. For instance, the Burberry Large Lowry Canvas Tote is a practical carryall but with a relaxed sophistication which can be useful for a long day of activities or a weekend getaway. In multicolored Haystack check with chestnut hued leather trim, base, handles and shoulder strap it's a winner in my book already. The tote also features pewter accents, a fully-lined interior, and zip-top closure. Pair it with simple dark jeans, equestrian-style boots and a chic jacket and this $1,695 bag will be the perfect accent. (18" x 7" x 15" with 6" handle drop)

Burberry Cartridge Pleat Tote, Handbag of the Day

Filed under: Handbags

handbagIn the past couple of months I have acquired a bit of an obsession for berry tones so this bag was a hit at first sight for me. The Burberry Cartridge Pleat Tote features a red-berry patent leather with cartridge pleating throughout and a detachable shoulder strap on a day when you're carrying a bit more around. This colorful carry-all can definitely hold all your essentials for the day job or a big night out. I like its structure and multi-purpose use...and that gorgeous purple hue which makes it worth the $2,595 in my eyes. (16" x 7" x 11" with 8" handle drop)

The Burberry Mini Warrior, Handbag of the Day

Filed under: Handbags

We've featured Burberry Warrior bags before and since they're always spectacular we now have another one to share, and this time it's the Mini Warrior. Shown here in bright berry red leather accented with the traditional Burberry check pattern in happy shades of red, blue, and brown, it's a bag that has a sophisticated but casually upbeat vibe. I love the warrior bag shape but was never crazy about the over-sized metal studs, so I'm happy to see that they're miniaturized in this design. See more colors here, including a fierce and flashy gold. $1,595

Modern Classic: Burberry's New Trench

Filed under: Apparel

Ah, early fall: the classic trench's favorite season. Whether you're still wearing your Burberry trench lined in perennially chic Nova check -- first crafted in 1856 -- or have updated with a slight twist on the classic over the years, you'll still want to make room in your closet for Burberry's latest, most fashion forward group of Fall 08 trenches.

Burberry's Creative Director Christopher Bailey showed new shapes on the runway like the Cocoon Trench or the Tulip Trench, both of which cut a more feminine silhouette. Burberry continues to experiment with fabric -- trenches cut from silk chiffon, metallic silk that looks more liquid mercury than overcoat as well as distinctive quilting.

The trench at right retails for $3,995. See more of the season's modern trenchcoats at Burberry's web shop.

Vogue India Fashion Spread Stirs Controversy

Filed under: Apparel, Luxury Travel & Hotels

For Vogue India's latest issue, editors decided to shoot some of the country's poorest citizens modeling such luxury goods as a Hermes Birkin bag and a Burberry umbrella. An older woman -- missing her upper teeth -- held a baby wearing a Fendi bib which cost as much as she might earn over a several month period. (Remember most of India still lives on little more than a dollar a day.) The juxtaposition has a number of Vogue readers (and non-readers) astir.

In a place polarized by caste and an exceptionally apparent disparity of wealth, one would think Vogue might have been a little more discreet. Perhaps most infuriating about the photo spread is that Vogue didn't even get the names of the men, women and children posing. They are simply referred to as "lady" or "man" while the cutline goes into great detail about the various objects they model -- people as props, handbags as the main story.

The real shame? That somehow poverty never quite goes out of fashion.

Burberry Metallic Leather Shoulder Bag, Handbag of the Day

Filed under: Handbags

Flashy and catering to both the current metallics and military trends, this Burberry bag is sure to brighten up any outfit -- almost literally. The shiny silver acts as both a neutral in terms of coordinating with other colors but it also gives off its own glitz vibe and can be very useful for adding a shot of boldness to your ensemble.

Full of folds, straps, and ruching, this bag also features a twill lining and a large central zip-pocket on the inside separating two large compartments. Plenty of room for everything! $2,995

Burberry Revenues Soar 26%

Filed under: Apparel


Brit fashion brand Burberry has announced that first-quarter revenues have risen by 26 per cent, continuing the upswing we reported on earlier this year. The growth is due to increased business in emerging markets and strong performance in North America, the Times of London reports. The uncertain economy has proved challenging to some luxury brands.

The company, founded in 1856, recently opened new stores have in Cannes, Budapest, Italy, Korea and Spain, and has launched a cool new ad campaign. "Our brand momentum is strong, driven by product innovation and a focused management team," Burberry chief executive Angela Ahrendts told the paper. "This momentum, together with the diversity and balance we have across products, channels and regions, underpins our confidence for the future."

Sexy Stars of Burberry's Cool New Ad Campaign

Filed under: Apparel

Burberry creative director Christopher Bailey is basing the British fashion house's new Fall/Winter 2008-09 ad campaign on one of our favorite movies from last year, rock photographer Anton Corbijn's Control.

Bailey hired Mario Testino to mimic the moody flick about Joy Division frontman Ian Curtis in the ads, which are shot in black-and-white like the movie.

Sam Riley, the talented actor who played Curtis in Control, stars alongside sexy British model Rosie Huntington-Whiteley, right, who's said to be a distant cousin of the Queen of England. If so she must be one of the somewhat overbred Windsor family's more attractive relations.

See the gallery for an image from the new campaign and more.

[via Kempt]

The Burberry Mason Warrior, Handbag of the Day

Filed under: Handbags


If you liked the Burberry Alligator Warrior that we featured back in March but don't have $22,000 to spend on a handbag this latest incarnation, the Burberry Mason Warrior, could be just the thing to satisfy your Burberry craving without doing quite as much damage to your bank account. Black leather with lots of large, dark silver metal studs detailing the outside (just like the Alligator Warrior), the bag closes with a double drawstring that gathers the top up through eyelet loops and a logo clasp. $3,195

Polo and Burberry Profits On The Rise

Filed under: Apparel


This story isn't terribly surprising as it seems global luxury lines are faring much better in this difficult market and economy than the less-than-high-end brands. Case and point, Burberry and Polo soar while Chico's and American Eagle plunge. The first quarter earnings are in showing Burberry and Polo with increases of 17% and 21.6% respectively over last year's marks which is a good sign seeing as how Chico's posted a quarterly decrease in sales of 9.6% and American Eagle saw a meager 4.6% increase in sales. I guess that just goes to show, if you were able to afford the more luxurious and expensive brands before gas became $4 per gallon, you are most likely still finding a way to spend your dime at that level.

The $22,000 Burberry Alligator Warrior, Handbag of the Day

Filed under: Handbags

It seems natural to expect a designer handbag with a price tag of $22,000 to have diamonds, gold, or platinum involved somehow in its construction to boost the value, but the Burberry Alligator Warrior doesn't go that direction at all and instead leans entirely on its name and design to sell at that exceptionally high price point. It's made of alligator skin with metal stud detailing, drawstring closure, and a metal toggle engraved with the Burberry logo. The Alligator Warrior has lots of handy features (i.e. plenty of compartments and zip pockets) but nothing that stands out as outrageously unique to this bag alone. I like it, but I admit I really don't get why it's worth so much.

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