Luxury Market Surges While the Rest of the Economy Sputters (Atlantic Wire)
"Economic news these days is pretty bleak: job growth is anemic, retail sales are stagnating, and consumer confidence is plummeting. But the luxury goods market is another story... According to Reuters, investors are now pouring money into luxury stocks."
UK brands: retro in new markets (FT)
"Clamour for British brands among emerging market consumers has been the making of luxury brands like Burberry and Mulberry... Appetite for retro British brands is sure to continue in the Bric economies – although there’s only so much tomorrow’s consumers can stomach."
Topshop Rolls the Retail Dice in Las Vegas (Forbes)
"Sir Philip Green... Is gambling that Topshop’s latest collection, Dress Up, will have him in the chips when the retail chain’s flagship store opens... The Las Vegas location is just one part of a larger expansion plan for the chain that includes Toronto... Chicago... Another outpost in New York City and a new shop in Miami."
Gilt Groupe’s Richardson Discusses Online Retail (Bloomberg)
“Nate Richardson, vice president of Gilt Groupe Inc, discusses the opening of four new markets of the online luxury retailer.”
Inside a Pending Deal for a Stake in It-Label Proenza Schouler (Thread NY)
"Enter Andrew Rosen, who is said to have started eyeing Permira’s stake in Proenza Schouler late last year. His acquisition of the brand will be separate from his role as co-founder and CEO of Theory and related to an investment group that he is leading."