Poland: luxury’s next promised land (FT)
"Euromonitor has a report out, and this one’s a doozy: it says Poland is the world’s fourth fastest growing luxury market... 'Between 2005 and 2010, the [Polish] luxury goods market grew by 50 per cent in real terms, [while] China achieved real growth of 59 per cent over the same period.'"
Hannah MacGibbon staying at Chloé (Telegraph)
"The gossip mill would have it that Chloé bosses were poised to squeeze MacGibbon, who took the helm at the French label in 2008, out of her illustrious role... But it looks like it may all have been hot air, with Chloé's chief executive officer Geoffroy de la Bourdonnaye confirming on Friday that it's business as usual for the design team."
Luxury brand names take Google fight to High Court (Independent)
"Some of the world's most prestigious brand names are to fight a legal battle in the High Court over Google search terms...'The defendant's selection of adwords that are identical to the claimant's famous and distinctive marks takes unfair advantage of their reputation,' the claim states, adding that the intention is to 'benefit from their power of attraction, their reputation and their prestige.'"
LVMH Sales Exceed Analysts’ Estimates (Bloomberg)
"[LVMH] said first-quarter sales rose 17 percent, beating analysts’ estimates, as wealthy customers bought more Givenchy handbags and Hublot watches... Revenue at the fashion and leather-goods unit, LVMH’s largest, rose 17 percent, the company said, led by growth at the Louis Vuitton brand."
Madame Grès as Sculptor (IHT)
"Madame Grès, the legendary creator of the sensual austerity of a draped dress, died in obscurity more than 17 years ago. But her (invented) name — the pseudonym with which her artist husband signed his paintings — has sprung back to life in Paris this spring. ... Prepare to see shape and drape as an evolution of 21st-century minimalism."