London’s Mayfair continues to attract large numbers of high-net-worth individuals from around the world and the luxury brands that court them. But there are concerns in some quarters that the area’s high-end hipness is threatening the very characteristics that made it desirable in the first place.
Turning point for Gap as 200 stores close worldwide (Independent) “Chairman and CEO Glenn Murphy has announced that Gap is to close 200 of its 900 worldwide stores by 2013, and focus on modernising its signature look. He also admitted that Gap had not tried hard enough to attract ethnic minority customers in the US.” Luxury goods firms fear effect of Japanese disaster (Guardian) “Shares in some of the
A Different Kind of Girl Scout (WSJ) “The Clarkes may be located far outside the world’s fashion capitals but they are among the most successful independent scouts, occupying a vital link on the fashion industry food chain. Top agencies in New York and abroad rely on the couple’s uncanny ability to identify beautiful people at gas stations, Dairy Queens and high school gymnasiums and make them into high-fashion