Luxury sellers tap new doors for raw materials
NEW YORK - From breeding their own crocodiles to tapping new low-cost centers for raw materials, luxury retailers are stepping up efforts to improve sourcing of goods, labor and expertise in the global economic slowdown.
China's luxury market can be tough to crack
PARIS/LONDON - China may become the world's biggest luxury market in some years but cultural challenges to win customers' hearts for certain types of products remain, industry executives said this week.
Luxury groups set to hunker down as moderation rules
PARIS/LONDON - Luxury goods groups need to brace themselves for at least two more years of pain, with big-ticket items such as cars and watches suffering most, even if some U.S. brands and retailers are seeing signs of recovery.
Recession brings hagglers to Tiffany
NEW YORK - In style this recession -- haggling at Tiffany & Co.
Dubai to build arts and fashion districts
DUBAI - Dubai Culture and Arts Authority said on Wednesday it was aiming to build a fashion and design district and change legislation to persuade foreign artists to take up residence in a new arts neighborhood.
Roberto Coin sees jewellery pickup in 2011
LONDON - The jewelry industry will only see a pickup in 2011 with this year being the "worst," Italian jewelry designer Roberto Coin said on Wednesday.
Luxury groups use movies, dinners to boost image
PARIS - Luxury groups are turning to films, the Internet and private dinners to attract customers as they search for more cost-effective ways to advertise to fight falling sales, executives told the Reuters Global Luxury Summit.
It's all about distribution, luxury execs say
PARIS - Luxury goods groups with their own network of shops are weathering the downturn better than those relying on wholesalers or third-party distributors, executives told the Reuters Global Luxury Summit in Paris.
China to overtake Italy for Lamborghini: CEO
PARIS - China will overtake Italy as the second-biggest market behind the United States for iconic sportscar maker Lamborghini within three to five years, the group's chief executive said on Wednesday.
Lamborghini sees no recovery until 2011
PARIS - Luxury sports carmaker Lamborghini sees no recovery in its markets until 2011 after a 30 percent drop in sales in the first five months of this year, Chief Executive Stephan Winkelmann said on Wednesday.
Royal Jet slows expansion, sees rebound
DUBAI - Abu Dhabi Aviation Co affiliate Royal Jet said on Wednesday it had slowed its expansion as the global financial crisis had hit the corporate sector, but saw recovery signs ahead of the busy summer period.
Speakers
| Summit | Date | Category |
|---|---|---|
| Aerospace and Defense | Sep 3 - 5 | Aerospace/Defense |
| Global Consumer and Retail | Sep 9 - 12 | Consumer Retail |
| Russia Investment | Sep 23 - 25 | Financial Services/Exchanges |
| Washington | Oct 21 - 24 | Country Summits |
| Middle East Investment | Oct 28 - 30 | Financial Services/Exchanges |
| Global Commodities | Nov 4 - 7 | Financial Services/Exchanges |
| Global Investment Outlook | Nov 18 - 21 | Financial Services/Exchanges |
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