01/12/2010
“You simply have more and more people that are less involved in the business, and who might prefer to have cash rather than illiquid shares,” Mallevays said. “The real danger is the danger from within.”
Read more24/10/2010
Pierre Mallevays […] noted that some luxury brands – Louis Vuitton, Hermès and Chanel, to name a few – have not only managed to withstand the downturn, but have actually increased market share in recent years.
Read more03/08/2010
Savigny Partners Index performance January 2010 to date – not quite out of the woods yet
Sector Valuation
14/06/2010
Mr Mallevays, who sold French high fashion house Lanvin to such an investor last year, says the new type of investor is a European who has made money elsewhere but is someone who has an “emotional response” to brands and is comfortable with the long-term appreciation of the luxury sector.
Read more01/06/2010
The Noughties saw an unprecedented level of interest by private equity players in the sector. Size definitely mattered: Tommy Hilfiger ($1.5 billion), Barneys, ($942 million), Neiman Marcus ($2.6 billion), Valentino Fashion Group (€2.6 billion) were amongst the biggest deals of the decade and all ended up in private equity portfolios.
Read more05/02/2010
Key themes of the Noughties
Savigny Luxury Index – a look back at the Noughties
Sector Valuation
M&A activity in the sector