08/10/2007
Pierre Mallevays, managing partner of Savigny Partners: “Both are equally important, but I also think it depends on the stage the company is at. Sometimes, a company needs a creative spur, and other times it needs to get organized under good management.
Read more01/08/2007
Duties on luxury products, such a watches, can be as high as 60 per cent plus state taxes and value-added tax, making them uncompetitive against overseas prices, according to research by retail advisory firm Savigny Partners.
Read more03/07/2007
Challenges of the Spa Market
India – A Field of Dreams
Luxury Brands and the Internet – From Laggards to Leaders?
Savigny Luxury Index
01/06/2007
Sales of luxury products on the internet are booming. Forrester Research estimated global internet sales of luxury goods to be $3.2 billion in 2005, a 28% increase on 2004.
Read moreFrom the press commentary and the increasing frequency of launch parties in Mumbai and Delhi, it would seem that India cannot get enough of luxury brands. Latest to stake its interest, Hermès has just announced it established a joint venture company to open stores in India, with a first unit expected in New Delhi.
Read more“Entertainment people who are investing in fashion do it with their investment-business hat on, and it definitely helps if they have leverage over the media to increase the visibility of the brand,” said Pierre Mallevays, founder and managing partner of Savigny Partners
Read more27/04/2007
“There is no clearly defined investors’ universe for new designer brands,” said Pierre Mallevays, founder and managing partner of Savigny Partners. “Luxury conglomerates need to focus on their big brands, private equity funds want established businesses and most hedge funds want sizeable deals.
Read more21/02/2007
In the early days of the Internet boom, luxury brands feared online selling would undermine the exclusivity of a dedicated brand environment, said Pierre Mallevays. “All those fears are pretty much dissipated by now” he said. “The Internet channel is effectively turning into the best or one of the best stores in each local market.”
Read more02/01/2007
Japan – A Maturing Market, China’s Luxury Market, Private Equity and Luxury Goods
Savigny Luxury Index vs. FTSE All World
M&A Activity in the Sector
01/01/2007
China has barely paused for breath this year in its rise to global power. For the third year in a row, its economy is on track to grow by more than 10%. China has spawned a new cast of millionaires and an emerging middle-class centred in large cities on the coast.
Read moreThe private equity sector is by all accounts the single largest buyer and seller of businesses in the market as a whole today. Some observers credit private equity firms with a good half of the entire M&A market, with almost no limit on deal size due to the ever increasing amounts of capital available to the leading funds.
Read moreWhile Japan has been a vital market for the luxury goods sector in the past decade (25% of global revenues in 2006), the country has recently shown signs of a fundamental shift in consumption patterns.
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