New Asprey chief buoyed by spending boom (FT)
With new CEO Robert Procop at its helm, Asprey could (finally) become a profitable business in the next year.

Boucheron Making U.S. Moves (WWD)
French jeweler, Boucheron, plans to expand its presence in the United States.

China’s Coming E-Tail Renaissance: The Myth About Payment (Seeking Alpha)
In China, e-commerce’s slow growth is due to the lack of credit card ownership.

Purple, Black Label Stores Are Possible (DNR)
Ralph Lauren is considering freestanding men’s stores for his Purple Label and Black Label lines.

Cavalli decides not to sell fashion house-report (Reuters)
Italian designer Roberto Cavalli plans not to sell his eponymous company amid the global financial crisis which has lowered the value of the brand.

Asprey products’ photo courtesy of Asprey.