Luxury goods stocks continued to slide on Tuesday 28 April as the swine flu outbreak raised fears it could hold back travellers, traditional buyers of upmarket handbags, watches and other pricey items.
Martin Margiela has taken advantage of the Salone Internazionale del Mobile in Milan, from 22-27 April, to present his interior design ideas. Maison Martin Margiela has also confirmed its desire to become a lifestyle brand.
After innovative collaborations with Damien Hirst and Shepard Fairy, Levi’s has announced a new creative partnership; a new project conceptualized by the New York based graphic design company “Sagmeister”.
The Prada Transformer - billed as the world's first shape-shifting building - which can be lifted and rotated into different configurations to house art, film, fashion and other events has been installed in the yard of one of Seoul's ancient royal palaces.
Already well established in the United Arab Emirates, with its boutiques and soon hotels, Versace is now focusing on Saudi Arabia. The fashion house has inaugurated a flagship store in Jeddah, one of the key commercial cities in the country.
Many economists expect the U.S. recession to end in the second half of this year, but companies catering to consumers showed on Wednesday that the prolonged downturn and rising unemployment are taking a toll on business in the near term.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
In Paris, after the Petit Moulin (3rd) and the Hôtel Bellechasse (7th), the designer Christian Lacroix is starting work on his third hotel. This one will be near Notre-Dame, more precisely on the Quai Saint-Michel.
Retailer Wensum Co Plc said on Monday April 6 it expected to report "significant" trading losses into the first half of the current year, citing substantial pressure on gross margins due to adverse exchange rate movements during the last months of 2008 and the first quarter of 2009.