Liberty explores sale, EU internet sales, Dutch auctions, Chinese consumers, China overtakes the US

Iconic floral prints, courtesy of Liberty

Iconic floral prints, courtesy of Liberty

Liberty appoints advisers to review the business (Drapers)
“Liberty has confirmed it is set to appoint advisers to lead a review of the business, which could lead to a sale of the iconic London department store.”

LVMH, Chanel Force EU to Modify Draft Law on Internet Sales (Bloomberg)
“Luxury goods makers LVMH Moet Hennessy Louis Vuitton SA and Chanel SA may win more control over how Web-based retailers sell their products after a last- minute lobbying campaign over a draft European Union regulation.”

Why your price is right (FT)
Vanessa Friedman explores the “Dutch Auction,”  leaving pricing to the people.

Winning Designs in China: Standing Out to Fit In (Huffington Post)
“The Chinese consumer is becoming increasingly modern and internationalized. However, while “egos” and ambitions are huge, the “new generation” is not becoming “individualistic” in the Western sense – i.e., the peoples never define themselves independent of society.”

China becomes world’s 2nd largest luxury market (People’s Daily Online)
“If you think China is still a developing country, this piece of news is going to surprise you. China has overtaken the US to become the world’s second largest luxury market.”