Polo Ralph Lauren Spring/Summer 2013 campaign | Source: ralph LaurenNEW YORK, United States — Ralph Lauren Corp., the retailer of its namesake brand clothing, will pay about $1.6 million to resolve U.S. regulatory and criminal claims that a subsidiary paid bribes to officials in Argentina from 2005 to 2009.
Shangpin screen shot | Source: Red LuxuryWhy China’s Fashionista Websites Aim High (And Low) (Forbes) “Online shopping offers a platform for new fashion brands to enter China, without the expense and risk of opening physical stores. Even deep-pocketed fashion houses face a challenge in planting a flag in China’s frothy real estate market. ‘All the good locations have been taken by the big brands,’ says Angelica Cheung, editor of Vogue China , which
Beyonce Knowles, Solange and Kim Kardashian at NYFW | Source: Fan PopLuxury Labels Are Scaling Up for China’s Year of the Snake (WSJ) “Luxury brands are rolling out a menagerie of merchandise to capitalize on the holiday, which marks Asia’s biggest shopping season. And more Western brands are getting in on the Year of the Snake, pushing snake- and red-themed goods, from Vacheron Constantin’s $150,000 watch with an engraved snake etched onto its face to the serpentine,
Kate Moss by Mario Testino for Vogue October 2008 | Source: Susan SuellThe Garbo of Fashion (NY Times) “Ms. Moss’s bad-girl image has always been good for business, at least since the days of heroin chic and somebody-feed-her-a-cracker. Now, at 38 — an age when even the luckiest in her field have typically been tossed on the ice — Ms. Moss can boast of numerous advertising campaigns; more editorial work than any one glamour puss can reasonably handle.” Top Balenciaga Designer Is Leaving
Savigny Luxury Index August 2012 | Source: Savigny PartnersLONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points. Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven
