PPR to sell lower-margin retail units (FT)
"PPR, the French retail conglomerate headed by billionaire François-Henri Pinault, plans to dispose of retail businesses that generate 70 per cent of group sales to focus on clothing and accessories brands within its luxury Gucci Group and Puma, the sports wear company."
Online Luxury Retail Remains Elusive (Business Week)
"There are still some brands that sell absolutely nothing online, save for beauty products. Consider Chanel. While the legendary Parisian fashion house sells cosmetics both on its own site as well as on a few other high-end e-tailers, its current fashion and accessories collections are not for sale online."
FIPB defers Gucci’s stake buy proposal (Times of India)
"Italian designer goods maker Gucci’s proposal to pick up a majority stake in its Indian franchisee has been deferred by the government after Department of Industrial Policy and Promotion sought further examination."
Ralph Lauren's Grand Entrance (WWD)
"After an absence of more than a decade, Ralph Lauren is returning to Greenwich — and making quite an entrance... opening a nearly 19,000-square-foot store with all the ingredients increasingly emblematic of the designer’s retail network."
What the wealthy give each other for Christmas (Times)
"One area, though, where things are truly booming is personalisation. 'The term ‘luxury’ is so overused,' says the bag designer Anya Hindmarch. 'But I think you can definitely say that something is luxury when it’s completely personalised.'"