Hermès Family Back in Saddle (WSJ)
"The founding family of French luxury-goods maker Hermès International Tuesday named a member of its sixth generation to become chief executive next year, cementing its grip as the threat lingers from larger rival LVMH Moët Hennessy Louis Vuitton."
Neiman Marcus 3Q profit rises 35 pct (Businessweek)
"Upscale retailer Neiman Marcus Inc. said Tuesday its fiscal third-quarter profit grew 35 percent, as stronger consumer demand allowed it to cut back on discounts."
Consumer confidence in the economy plunged in May (Businessweek)
"Americans feel worse about the economy in May than they have in eight months as worries about the weak jobs, housing and stock markets continue to rattle them."
Made in Britain's new wave (Telegraph)
"'Made in Britain, created in Britain, designed in Britain, invented in Britain,' trumpeted George Osborne at the last Budget. Unlike his flaky pasty calamity, this time it turns out that the Chancellor's sound bite had substance: British fashion's workshops are - albeit slowly - on the rise."
Dolce & Gabbana: watch this space (Guardian)
"The real secret of Dolce & Gabbana is the backstory: a sense of Italian culture, the importance of family and food and ritual, which lends integrity to the aesthetic and a commercial backbone to the glamour."