Retail rents to drop, Loewe appoints new CEO, Recession-proof handbags, India repositions

| Daily Digest

Empty retail space

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.” Loewe appoints Lisa Montague as CEO (Drapers) “Lisa Montague will be reunited with designer Stuart Vevers when she joins luxury brand Loewe as chief executive later this year.” India tells foreign luxury

…Continue Reading

FT Business of Luxury Summit | Debating the Future of the Industry

| Intelligence

MONTE CARLO, Monaco — The global luxury industry has descended on the luxurious and beautiful principality of Monaco to discuss the future of luxury at the Financial Times Business of Luxury Summit at a time when there seem to be far more questions than answers. I am delighted to be representing Luxury Society, which is an official media partner of the conference. To start off the conference, we heard from Bernard Arnault, Chairman

…Continue Reading

Luxury strategy revisited, Interview: Bernard Arnault, Gaultier goes 2.0, Britain’s fashion graduates

| Daily Digest

"Love of Pink" perfume ad, courtesy of Lacoste

Luxury marketing plays by a different set of rules (FT) “The present economic crisis has forced all companies to question their strategies and practices, and this has never been more crucial than for luxury brands and marketing.” Bernard Arnault: How to manage the transition into quality (FT) “Bernard Arnault, chairman of Möet Hennessy Louis Vuitton, the largest luxury company in the world, does not like the word

…Continue Reading

Inditex Q1 loss, Net-a-Porter profits treble, Bulgari issues bond, China may escape, Ferraris to Versace

| Daily Digest

Zara S/S 09 ad campaign, courtesy of Zara

Inditex 1Q Net Pft Down 16%; May Trading Resilient (WSJ) “Inditex SA (ITX.MC), Europe’s largest fashion retailer by revenue, Wednesday said its first quarter net profit fell 16 percent on a slump in consumer spending in Europe, but its stock rallied after it reported resilient clothing sales in May and the first week of June.” Net-a-Porter demonstrates strength of business model as profits treble (FT)

…Continue Reading

CEO Talk | Greg Furman, Founder and Chairman, Luxury Marketing Council

CEO Talk | New York

Greg Furman

NEW YORK, United States — As the recession wears on, luxury companies are beginning to realise they will have to do more than cut costs in order to survive this downturn. Indeed, for many brands, a fundamental repositioning and reevaluation of their long-standing strategies may be in order. In this kind of environment, many luxury executives turn to the New York-based Luxury Marketing Council, where their membership enables them to

…Continue Reading

89101112

Latest Articles