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Emerging Luxury Markets
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Emerging Luxury Markets
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L'Occitane IPO Proceeds to Fund International Expansion
(Source: Financial Times)
French cosmetics company L'Occitane will use the US$707 million it raised in this week's IPO to open 650 stores in the next five years. Much of the growth will be focused in emerging markets like Russia, Brazil and China, where the company plans 40 new stores. . . . keep reading
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LVMH Continues to Expand in Asia
(Source: LuxuryBrandNetwork.com)
LVMH reported a third-quarter sales drop of 0.6% to €4.135 billion. Before the favorable impact of currency exchange, sales dropped 3%. . . . keep reading
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Gucci Sales Slump 10% in Quarter
(Source: LuxuryBrandNetwork.com)
In the third quarter of 2009, sales of Gucci Group dropped by 10.0% on a comparable basis. Sales in directly operated stores posted robust performances, while wholesale activities suffered from the economic difficulties facing department stores and franchisees. . . . keep reading
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