Industry Highlights – Mature Markets, Armani in China, Underwear Successes and Hermès Profits

Posted on September 3, 2012

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Giorgio Armani courts China

Born in the year of the dog, Italy’s foremost couturier is a China crowd-pleaser. But the succession question dogs the 78-year-old all the way to Beijing. (AFR)

Mature markets

“Luxury brands are waking up to the power of the older woman. Is it possible that these days 80 is the new 20?” (FT)

Underwear: The next big thing in smalls

“Victoria’s Secret, America’s top lingerie brand, has just opened its flagship Bond Street store. Rebecca Gonsalves uncovers its mysteries” (Independent)

Hermès raises profit and revenue targets

“Hermès International raised its annual targets on sales and profitability after the French luxury goods company reported higher than expected first-half profits buoyed by continued strong demand in China for its Birkin bags and silk scarves.” (FT)

Rosie’s Lingerie Best Seller

“Rosie Huntington-Whitely’s debut lingerie collection for Marks & Spencer has become the company’s fastest-selling underwear range of all time. Rosie for Autograph hit shelves last week, and has been described by M&S as “surpassing all sales expectations” ” (Vogue UK)
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