Ascher London is relaunched (Telegraph)
"The once-legendary scarf brand Ascher was famous for its collaborations with the 20th century's most illustrious artists. Now the founder's grandson is setting out to revive the tradition."
Galeries Lafayette in Beijing return (FT)
"The group said it expected its first store to open in Beijing in 2013... The announcement comes three years after Galeries Lafayette set up a joint venture agreement with IT Limited, the Hong Kong-based retailer, to open stores in China."
A Luxury Leader Shies From an Unwelcome Suitor (NY Times)
"In the world of luxury brands, Hermès International has cultivated an image of purity... Lately, however, it has been attracting attention less for its expensive silk scarves... and more for the unwelcome approach of [LVMH]the luxury goods giant."
Tiffany Raises Earnings Forecast (Bloomberg)
"Tiffany & Co., the world’s second- largest luxury jewelry retailer, raised its full-year earnings forecast after third-quarter profit rose 27 percent, helped by new stores and sales of handbags."
Swiss Brands Start Turning to Latin America (NY Times)
"The strength and sophistication of the Latin American market for high-end timepieces may come as a surprise to casual observers of the Swiss watch business... the region is now home to a thriving collector community that is attracting Switzerland’s serious attention."