LVMH Profit Meets Estimates, Sees 2012 Growth (Bloomberg)
"LVMH Moet Hennessy Louis Vuitton SA (MC), the world’s largest maker of luxury goods, reported full-year profit that met analysts’ estimates and said it’s “well- equipped” to maintain growth in 2012. Net income rose 1 percent to 3.07 billion euros ($4 billion) in 2011, the Paris-based maker of Zenith watches said today."
In cities, clothes maketh the man (China Daily)
"Cosmetics are not the only luxury goods attracting increasing numbers of Chinese men. More than 76 percent of urban males bought clothes in 2010, with 24 percent regarding clothes as 'important purchases', according to Chinese market researchers CTR."
Luxury Flash Sales Sites Regroup After Layoffs (BetaBeat)
"Mass flash sales—deep discounts that expire usually after one to three days—had been touted as the first real innovation in e-commerce in years, and start-ups that applied the flash-sales phenomenon to the luxury market had investors salivating. But the former venture capital darlings suddenly seemed to be hemorrhaging employees."
Polo Puzzle: What Goes Into a $155 Price Tag? (WSJ)
"Every piece of clothing has a story: There's far more to a $155 polo shirt than a yard of fabric, four buttons and a length of thread. The tale of a KP MacLane polo shirt offers a rare look inside the planning and global transactions behind the clothes people wear."
Following A Legend (Vogue)
"The film, entitled Bill Cunningham New York, profiles the visionary 81-year-old taking pictures on an old Nikon camera of its best dressed residents. Directed and produced by Richard Press, the documentary features anecdotes from New York's biggest names, from Anna Wintour to best-selling author Tom Wolfe."