Global Luxury and Fashion 2011
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.
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.
NEW YORK - The names Neiman Marcus and Bergdorf Goodman evoke a certain old-fashioned luxury department store elegance, not technology savvy.
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.
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.
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.
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.
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.
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
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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