Permira to keep Hugo Boss, ProSieben for years (Reuters)
"Permira doesn't plan to exit from media company ProSiebenSat.1 and fashion label Hugo Boss for a couple of years, the German head of the private equity company told Reuters."
Chanel wins counterfeit case but is forced to pay damages (Telegraph)
"A seamstress who took Chanel to court for stealing her small firm's crochet pattern has lost her counterfeit case but the famous fashion house was ordered to pay 400,000 euros for breach of contract."
Do These Vuitton Ads Stretch Too Far? (Business Week)
"Instead of sexy models flaunting handbags and lots of skin, Louis Vuitton’s current ad campaign features Vermeer-inspired images of demure young women hand-finishing purses and wallets at a workshop table... There’s just one tiny detail missing. Hardly any Vuitton bags or wallets are handmade."
Luxury shoppers still spending, but shelling out less (Los Angeles Times)
"The recession's end hasn't reached Rodeo Drive, where salesclerks can at times outnumber customers. But many stores are better prepared than last year, with leaner inventories and lower-priced goods."
Retailers expect steady Christmas trading (Drapers)
"Every retailer surveyed in the British Retail Consortium’s Christmas Trading Snapshot Survey agreed that this year’s Christmas trading period would be at least as good as 2008."