BoF Daily Digest | Return of big spenders, Issa’s Royal moment, Facebook commerce, Prada profits triple, Bruce Weber looks back
Big spenders returning to the luxury fold (Globe and Mail)
“In the depth of the recession, Tiffany & Co. struggled to sell $3,200 diamond earrings and $12,000 bangles, while it fared better with $100 silver necklaces. Today, the situation is reversed, as the high-end retailer grapples with softer sales of jewellery under $500.”
Is Issa in Line for Throne? (NY Times)
“The label is ‘truly the Diane Von Furstenberg of the Sloaney set… something a well-bred and not terribly adventurous woman can reliably wear to polo matches or garden parties (or a really big press conference).’”
Should luxury brands explore Facebook as a retail channel? (Luxury Daily)
“Luxury brands have started to explore Facebook’s viability as a retail channel as the social network continues to position itself as the one stop shop for communications, networking and marketing on the Internet.”
Prada Nine-Month Net Triples (Bloomberg)
“Prada… said nine-month profit “tripled” as shoppers in Asia spent more on its products. Net income rose to 156 million euros ($208.2 million)… Revenue increased 31 percent to 1.39 billion euros. Sales grew in all markets.”
A Chronicler of Fashion Turns to the Heart (NY Times)
‘If you photograph a woman in a dress… it raises the question, ‘What are you saying about that woman?’ It sends a message. If you’re any kind of photographer, you are an activist.’









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