Industry Highlights – CEO Talk: Aldo Bensadoun, Blogger’s on Fashion’s Front Row, When China Sneezes, Fall of Global Wealth to Affect Luxury, Harry Winston Seeks to Sell

Posted on October 18, 2012

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CEO Talk | Aldo Bensadoun, Founder and Executive Chairman, Aldo Group

“Right at the heart of shoes and accessories giant Aldo’s sprawling, one million square foot global campus-cum-headquarters in suburban Montréal is an olive tree — not a common sight in a city with a climate that swings between frigid winters and hot, humid summers.” (Business of Fashion)

Bloggers on fashion’s front row

“In the corporate world, looking stylish while adhering to strict dress codes can be an ongoing headache…I was regularly seeing clever women in offices and courtrooms making avoidable mistakes with their wardrobe choices that risked their credibility with colleagues and clients.” (FT)

Global economy: When China sneezes

“To this day, Chinese people of a certain age can recite a slogan from Mao Zedong’s Great Leap Forward campaign that exhorted the masses to “overtake Britain and match America” in steel production. That disastrous attempt to industrialise in the late 1950s led to the worst man-made famine in history – one that few outside the country knew about because China was so isolated from the rest of the world.” (FT)

Fall of global wealth to affect luxury sales worldwide

“The combined wealth of all individuals has fallen this year for the first time since the financial crisis of 2007-08, with a drop in austerity-hit Europe outweighing a small increase in China, a Credit Suisse report has found.” (CPP Luxury)

Harry Winston Diamond seeking to sell jewellery and watches division

“Canadian based Harry Winston Diamond Corporation, specialized in diamonds, is reported to be seeking the sale of its watches and jewellery division. According to French magazine Challenges, Harry Winston already approached luxury groups LVMH and PPR.” (CPP Luxury)

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