|
|
 |
Luxury Brands Battle on Bond Street
(Source: The Malaysian Insider)
LMMH CEO Bernard Arnault's recent purchase of Bond Street real estate, pre-empting the seizure of the property by an Irish state-run agency, shows how Bond Street has become a prime battleground for global luxury brands. . . . keep reading
|
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
|
LVMH Sales Fall 7% on Comparable Basis
(Source: LuxuryBrandNetwork.com)
Currency gains and a modest revenue increase in LVMH's Fashion and Leather Goods division, the company's largest group, helped offset revenue declines in all other divisions for the quarter ended 31 March. Fashion and Leather Goods revenue climbed 4% on a comparable basis to €1,598 million while sales in Watches and Jewelry dropped a staggering 41% to €154 million. Wine & Spirit revenue fell 22% to €540 and Perfumes and Cosmetics sales fell 11% to €663. . . . keep reading
|
Russian Luxe Outlook Darkens
(Sorce: Reuters)
Analysts say that luxury sales in Russia will plummet in 2009. The Moscow stores of Stella McCartney and Alexander McQueen both closed this month, according to Reuters, and the city's swanky Stoleshnikov Pereulok district is bracing for additional closures. . . . keep reading
|
|
|
|
Receive free e-mail summaries containing news, exclusive analysis, competitive intelligence, trends and data for top luxury executives.
|
|
LuxuryBrandNetwork.com provides the exclusive analysis, tips, trends and data that luxury executives need to make informed decisions.
Keep on top of luxury best practices, competitive intelligence and emerging trends by signing up today. It's completely free and you may unsubscribe at any time.
Who Should Subscribe?
• Executives of luxury companies
• Luxury brand managers
• Brand managers with premium products
• Brand managers contemplating launch of premium products
• Corporate marketing professionals
• Advertising executives
• Luxury brand sales professionals
• Luxury brand service executives
• Ad agency personnel
• Corporate PR professionals
• Third-party PR professionals
• High-net worth financial service professionals
|
|
|
|
