Burberry beats forecast, Chinese bling, Beauty holds strong, Armani’s smart phone, HK gets creative


Burberry Autumn/Winter 09 | Source: Burberry

Handbags, leather goods help Burberry top forecasts (Reuters)
“British luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags and leather goods, and signalled an improvement in some second-half revenue trends.”

Chinese Are the New Kings of Bling (WSJ)
“The latest to pop the champagne corks of conspicuous consumption is China. The government stimulus, rising consumer spending and 6% GDP growth has kept China’s millionaire-making-machine well oiled. It also has fueled a no-holds-barred luxury-buying binge, as the newly rich Chinese seek to show their status.”

Beauty shines through gloom for Asian dept stores (Reuters)
“Department stores in Asia that have managed to capitalize on trend-conscious consumers willing to spend on elegance and beauty are ringing in the sales as the region’s economy recovers.”

Armani presents new smart phone amid fashion mobile trend (Independent)
“Italian luxury label Armani has introduced its newest gadget, “personally” designed by Giorgio himself.”

Hong Kong invites the creative world to town (Independent)
“The Business of Design Week – designed to invigorate Hong Kong’s cultural and creative industries – has announced a line up of more than 135 of the world’s top thinkers for its programme at the end of November.”