Industry Highlights – ASOS invests in Covetique, AnOther and Kate Phelan, Gucci’s Opens Largest Indian Store, Gap gives away Fiats for Holidays, China’s Luxury Demands in 2013

Posted on November 28, 2012

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Asos invests in luxury resale site Covetique

“ASOS, the fast-growing British online fashion retailer, today confirmed it has made “a significant minority investment” in Covetique, a website that buys and sells pre-owned designer clothing.” (Telegraph)

Insiders | Kate Phelan

“The day Kate Phelan handed in her resignation at British Vogue to join Topshop was met with a crisis of confidence for the usually unflappable stylist.” (AnOther Magazine)

Gucci opens its largest store in India, in Gurgaon Delhi

“Gucci inagurated recently its largest store in India, in the satellite city of Gurgaon, within a stand alone glass and steel tower in the gardens of the Oberoi Gurgaon Hotel, outside the capital New Delhi.” (CPP Luxury)

Gap Hands Out Fiats as Retailers Fight Holiday Lull

Gap Inc. (GPS)’s Banana Republic is giving away Ghirardelli chocolates and six Fiat 500s in the first 12 days of December as U.S. retailers fight the holiday shopping lull that typically follows the Black Friday weekend.” (Bloomberg)

China Luxury Demand Rallies, But What Does It Mean For 2013?

“Following a significant dip in demand for some major luxury brands in China over the past six months, recent figures project a strengthening in the first quarter of 2013, even for beleaguered high-end watchmakers. As Bloomberg notes today” (Jing Daily)

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