Industry Highlights – Arcadia for Asia?, Michael Burke on Bulgari Strategy, Luxury Brands Build “Lifestyle Brands”, Victoria’s Secret to Expand Beyond London, Coach to Grow in Europe

Posted on November 19, 2012

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Arcadia Group eyes Asia and India

“Sir Philip Green this week is expected to outline plans to expand his retail empire into the Far East and online. This comes amid Arcadia Group celebrating its 10th anniversary with a robust set of annual results.” (Fashion United)

Michael Burke Talks Strategy at Bulgari

“Surprise and speed are two key elements on Michael Burke’s agenda to further grow Bulgari. “Not for lack of strategy before, but I thought we could [be] faster. I come from an industry where the definition of speed is different,” said Burke, chief executive officer of the Italian jeweler, during an interview here last week, when the firm revealed that it was donating $20 million to Save the Children — the largest fund-raising donation in the history of the luxury goods sector.” (WWD)

Luxury brands emphasize lifestyle

“According to a recent report by McKinsey, an increasing numbers of luxury goods companies are attempting to build “lifestyle brands” with relevance to consumers across a range of different product categories.” (CPP)

Victoria Secrets to expand outside of London

“After their much feted arrival in the UK, last year, US lingerie brand Victoria’s Secret is for the first time to venture outside London with a new store in the town of Leeds.” (Fashion United)

Coach to expand in Europe

“Following the opening of its London, Bond Street store, American accessories brand Coach is aiming to expand across Europe and gain a market share of 10 percent. Coach has recently hired European President, Nigel Darwin, who has already overseen the opening of a 1,640 square-foot shop-in-shop in Harrods.” (CPP)

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