Industry Highlights – What Went Wrong at Acquascutum, Tiffany Cits Profit Forecast, MAC’s Campaign, Quatar’s Own Luxury Brand, Debenhams in Russia

Posted on August 30, 2012

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What Went Wrong at Acquascutum?

“It was a luxury brand that dressed the military through two world wars, but seemingly couldn’t make it through the recession. Today, in a guest Op-Ed piece, fashion market intelligence provider EDITD digs into the data to try to understand where Aquascutum went wrong.” (Business of Fashion)

Tiffany cuts full-year profit forecast

“Falling sales for Tiffany & Co in the Americas and Asia have caused the jewellery retailer to cut its full-year profit forecast for the second consecutive quarter in an ominous move for the luxury sector.” (FT)

How a cosmetics company built brand equity by taking on the fashion world’s biggest killer

“Last year, Canadian-founded MAC Cosmetics raised $38-million through its MAC AIDS Fund to help combat the spread of AIDS. The success of the 18-year-old campaign predates the cause-marketing boom that has stormed the corporate world and yet continues to attract celebrity spokespeople” (Financial Post)

Qatar increases fashion interest with own luxury brand

“The Arab state of Qatar is set to launch its own luxury brand called Qela. According to the Huffington Post, the Qatar Luxury Group, financed by the Qatar Foundation, plans to launch the brand worldwide in fashion capitals such as New York, Paris, Milan, Hong Kong, Tokyo and London.” (Fashion United)

Debenhams to open its first store in Russia

“British retailer Debenhams has announced that it is opening its first department store in Russia this week, as it aims to double the scale of its international business over the next five years.The store at Mega Belaya Dacha in Moscow, a mall owned by Ikea’s Russian shopping centres arm, will be Debenhams’ 70th international opening and will span across 35,000 square feet.” (Fashion United)

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