Comité Colbert in China, Denim’s bubble bursts, Saks discounts online, Luxottica optimistic, Entrepreneurs forge on

Louis Vuitton Store, Plaza 66, Shanghai | Source: fashionphile

Louis Vuitton Store, Plaza 66, Shanghai | Source: fashionphile

French luxury preens on website in China (AFP)
“France’s creme de la creme luxury firms, hit by a drop in sales on traditional markets, on Thursday launched a China charm offensive, with a 3D website that gives a peek at the best France has to offer.”

Preshrunk Prices (NY Times)
“The $300 pair of designer jeans is now, courtesy of the recession, the $200 pair of designer jeans… Like any commodity that becomes overpriced, there eventually comes a market correction. And denim’s day of reckoning was long overdue.”

Saks holds a secret sale online, takes on the fashionista websites (Daily Finance)
“Psst, wanna buy some cheap Chanel? Make sure Saks has your e-mail address… Saks Inc. is experimenting with online private sales on top-of-the-line designer goods. A 36-hour sale kicked off this week and another will follow in November.”

Luxottica optimistic on 2010, Q3 net down (Reuters)
“Italian eyewear maker Luxottica is looking to next year with a degree of optimism after a tough 2009, Chief Executive Andrea Guerra said, as the company posted a 20.6 percent fall in third-quarter net profit.”

Even a Slow Economy Can’t Keep Fashion Entrepreneurs Down (Apparel News)
“Try announcing you’re starting a new apparel line during this deep economic downturn and friends are likely to haul you off for a psychological examination. But plenty of people are putting their wallets on the table to launch new clothing ventures.”