Global Luxury and Fashion 2011

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Time, not bling, is the ultimate luxury

NEW YORK - They may be trying to sell you that $10,000 suit or $35,000 necklace, but what luxury's tastemakers really yearn for themselves is not material at all.

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Luxe chains see room for many more outlet stores

NEW YORK - U.S. luxury department stores plan to keep opening more lower-price outlets without fear of hurting their high-end prestige, retail executives said this week.

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Neiman Marcus beefs up tech to fight off upstarts

NEW YORK - The names Neiman Marcus and Bergdorf Goodman evoke a certain old-fashioned luxury department store elegance, not technology savvy.

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Brazil on way to driving luxury growth, execs say

PARIS - Once a country associated with the slums known as favelas, Brazil is on its way to becoming a new engine of growth for the luxury industry, executives at the Reuters Luxury and Fashion Summit said this week.

Women, jobs push guys to upgrade their style

NEW YORK - The need to look good on the job and pressure from the women in their lives are pushing men to take their style up a notch, giving luxury brands some welcome extra business.

Luxury sector wants easier U.S. visa rules

NEW YORK - An unfriendly U.S. tourist visa system is bad for the luxury business and the government needs to ease its rules, according to industry officials.

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Fashion hunts for talent in new growth phase

PARIS - The fashion industry is entering a new growth cycle with a bigger focus on customers' price, quality and style expectations than in the mid-2000s, prompting brands to renew their design teams, executives said this week.

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Fashion brand Carven says mulls possible IPO

PARIS - Carven, the French fashion brand which has become the new darling of fashion editors, is growing so fast it might consider floating or letting in external investors in a little over a year, its head said on Wednesday.

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Fashion queen Furstenberg works for her children

PARIS - Designer Diane von Furstenberg, famous for her floral prints and wrap dresses, is developing a perfume, a cosmetics range and a home line in a bid to rebuild a fashion empire she can pass on to her descendants. | Video

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Quotes from the Luxury Summit

PARIS/NEW YORK - High-end tastemakers joined Reuters reporters at the Global Luxury and Fashion Summit in fashion capitals ranging from Paris to New York. Here are some memorable quotes from the summit:

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Luxury goods makers speeding along in China

PARIS - Luxury goods makers may boast familiarity with China, but the pace of change in the world's fastest-growing country still startles them. | Video

Speakers

Summit Date Category
Global Commodities and Resources 2014 Nov 3 - 5 Financial Services/Exchanges
Global Investment Outlook 2014 Nov 17 - 20 Financial Services/Exchanges

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