European Luxury Goods Risk Cachet With China Focus (Bloomberg)
"European luxury brands are risking their cachet and alienating Western shoppers by changing designs to appeal to the Chinese market, according to Tyler Brûlé , the London-based design consultant and editor of Monocle magazine."
Will Fashion's Biggest Names Kiss the Runway Goodbye? (Time)
"On Dec. 11, Rugby, Ralph Lauren's collegiate brand, will show its holiday collection in an online fashion show... instead of the company's spending $1.5 million on an audience of approximately 700 members of the fashion press and department-store buyers, the virtual show will cost less than $50,000 to produce and is expected to attract more than 40 million page views."
Inditex's push into Asia offsets domestic slump (FT)
"Inditex, the Spanish clothes retailer, yesterday unveiled a slight drop in profits for the nine months to the end of October, as aggressive expansion into Asia helped offset weakness in the domestic market."
Mulberry profits boosted by UK retail sales (Drapers)
"Mulberry posted a 16% hike in sales in the first half of the year, boosted by a strong UK retail performance. The luxury clothing and accessories house saw sales climb to to £32.3m during the six months to the end of September 2009."
Luxury groups think they can survive bonus tax (FT)
"Luxury retailers think that their Christmas sales can withstand the tax on bankers' bonuses but are worried about the impact of higher income tax next year... The 50 percent bonus tax, announced in the pre-Budget report, will target important customers for luxury shops."