Ascher London relaunched, Galeries Lafayette to China, Hermès’ suitor, Tiffany ups forecast, Watching Latin America

| Daily Digest

Ascher printed floral mohair boucle for Cardin 1958 | Source: Telegraph

Ascher London is relaunched (Telegraph) “The once-legendary scarf brand Ascher was famous for its collaborations with the 20th century’s most illustrious artists. Now the founder’s grandson is setting out to revive the tradition.” Galeries Lafayette in Beijing return (FT) “The group said it expected its first store to open in Beijing in 2013… The announcement comes three years after Galeries

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Masculinity rules, India innovates and China makes, Tiffany expansion, The Bay makes Room, Styletrek coming soon

| Daily Digest

Dolce and Gabbana Summer 2010 | Source: Dolce and Gabbana

Keeping it Masculine (WSJ) “Men have more style than ever to choose from. Luxury labels from France’s Hermés to American icon Ralph Lauren are opening stores dedicated to men…  — Gucci, Prada, Dior, Chanel, Burberry — dress men too.” India Innovates, China Makes, America Buys (WSJ) “Anyone whose daily commute includes the clogged roads of Mumbai would be temporarily enthralled by the

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Tiffany shines again, Tony Blair and LVMH, Italy to exit crisis first, Shifting values of the wealthy, Chic clicks

| Daily Digest

Jean Schlumberger for Tiffany's | Source: Tiffany & Co.

Shine returns as Tiffany’s sales rise (FT) “Tiffany, the US jeweller, raised its profit outlook yesterday as strong holiday sales brought some shine back to an industry that cash-constrained consumers shunned during the worst of the recession.” Tony Blair could help LVMH’s forays into new markets (Reuters) “Tony Blair’s expected appointment as adviser to LVMH… could help it penetrate tough

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Shopping discounts, Tiffany profit drops, Cavalli cleared, Independent retailers’ strategies

| Daily Digest

Retailers Offer Big Discounts, and Then Pray (New York Times) Retailers have been offering doorbuster sales before Thanksgiving in order to lure customers in store despite the economic downturn. Tiffany Profit Drops, Cuts Forecast as Sales Fall  (Bloomberg) Tiffany & Co. "said profit fell and cut its forecast as sales dropped for the first time in almost seven years amid the global financial crisis." Cavalli Cleared of Tax Evasion (WWD) Roberto Cavalli has been cleared of tax evasion by the Italian Supreme Court of Cassation. Where To Find Small-Store Holiday Sales  (Forbes)  "Independent retailers are cutting prices and adding personal touches in order to stay afloat." Doorbuster deal at Toys R Us, photo courtesy of the New York Times.

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