Wealthy Go Frugal This Holiday Amid Uneven U.S. Recovery

Accessories at Bergdorf Goodman | Source: Bergdorf Goodman

NEW YORK, United States — While the most well-heeled shoppers still think nothing of dropping $4,600 on an Hermes tote, cracks have appeared in the $94 billion U.S. luxury market, especially for companies that cater to “Henrys” -- High Earners Not Rich Yet.

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Burberry’s blowout, Ford’s funding, Luxury rents drop, Clements Ribeiro’s comeback, Luxury expands in Calgary

London Fashion Week: Burberry (Telegraph) "A shower of silver sequins rained down on 1,500 guests in a vast white tent in the grounds of the Chelsea College of Art & Design last night (Tuesday), creating a starry climax to the Burberry Prorsum show at London Fashion Week." Burberry Jumps After Ahrendts Says U.K. ‘On Fire’ (Bloomberg) "Burberry Group Plc rose as much as 5.8 percent in London trading after Chief Executive Officer Angela Ahrendts said the clothing maker’s U.K. business has been “on fire” as demand for luxury goods improves." Tom Ford Seeking At Least $50 Million (PEHUB) "Tom Ford International is on the hunt for financial backers, two sources familiar with the situation told peHUB. The New York-based fashion…

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