Retail rents to drop 20% by end of next year (Drapers)
"Retail rents are expected to drop by almost a fifth by the end of next year, as struggling retailers demand cheaper leasing deals in the recession."
India tells foreign luxury brands to wait a decade (Mid Day)
"With local partners pulling out as franchisees of international luxury brands, and a non-luxe label being the only one to arrive in India this year, Shweta Shiware asks if the biggest names in luxury failed at mapping the Indian buyer's mind."
Mitzi: the handbag that's recession-proof (Independent)
"Financial analysts and fashion experts alike have been predicting the death of the It-bag for months, but it seems that designer handbags have risen from the grave, despite the economic sickness threatening many high-end fashion brands."