Chanel growing old, Chinese spending power, Macy’s posts gains, The laws of fashion, Angela Ahrendts cashes in

Chanel Ad Autumn/Winter 2010 | Source: 829

Chanel’s luxury dream is turning to dust (Marketing Week)
“According to the company’s 2010 estimates… [Chanel] lost 11% of its brand value over the past 12 months. It’s a rare glimpse into the actual state of Chanel’s brand health.”

Chinese spending power underestimated, study says (Market Watch)
“Chinese households have far more money than previously thought… property companies and even European luxury goods makers could be about to benefit from the rise of these deep-pocketed consumers.”

Macy’s gains market share, sees better sales (Reuters)
“Macy’s Inc quarterly results showed the department store operator boosted sales and gained market share without relying as much on discounts as its rivals to get shoppers into stores.”

Laws Of Fashion (Vogue.com)
“The Institute of Fashion Law has been set up by Fordham University Law professor Susan Scafidi in partnership with the CFDA, to provide help and support to designers in need of legal aid.”

Burberry chief Angela Ahrendts takes profits on 400,000 shares (Telegraph)
“The chief executive of Burberry has raised about £3.4m by selling almost 400,000 shares in the luxury goods retailer… Of the amount that Ms. Ahrendts raised, about £814,000 was used to cover tax liabilities, the company said.”