May 25, 2011 / 7:16 PM / 8 years ago

Quotes from the Luxury Summit

PARIS/NEW YORK (Reuters) - 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:

STARWOOD HOTELS & RESORTS HOT.N CEO FRITS VAN PAASSCHEN:

“Thirty years ago, in the Forbes 400, so many people in that group were heirs and had come from money, I think the term ‘nouveau riche’ had a clear disparaging aspect to it. Whereas today, most money is new.”

NEIMAN MARCUS NMRCUS.UL CEO KAREN KATZ:

“The men’s business has been very strong since coming out of the recession ... They held back during the recession and they really are coming in to kind of get their wardrobes back in shape. I think the younger consumer is growing into his income-producing years. He is much more attuned to fashion and quality than his father was.”

COTY INC COTY.UL CEO BERND BEETZ:

“The (Brazilian consumer) is a consumer who loves beauty, loves fragrance, loves cosmetics. So we just have to figure out a way to get our brands to them.”

CARVEN CEO HENRI SEBAOUN:

On designers’ creativity:

“There has been a big gap between what was done in the studio and clients’ expectations, but a new generation of designers is now trying to reconcile creativity and clients’ needs.”

SOCIETE DES BAINS DE MER CEO BERNARD LAMBERT:

On providing good service:

“It’s a smile at reception, calling the guest by their name, serving breakfast on time, not making any mistakes with the bill.”

PARMIGIANI FLEURIER CEO JEAN-MARC JACOT:

Asked about the challenges of hiring good staff:

“There’s experience and there’s conscientiousness. Conscientiousness is harder and harder to find. It’s the culture of constant channel-hopping.”

FASHION DESIGNER DIANE VON FURSTENBERG:

On fashion designer John Galliano:

“It’s very unfortunate what happened, the state he was in, the stupidity that came out of his mouth, the fall. But it’s not just in fashion that you fall. Strauss-Kahn had a bigger fall.”

“I wanted to be an independent woman and I wanted to be in control. I became that woman through fashion ... Everything about my life is all about the same thing. It’s about empowering women.”

LE PRINTEMPS CEO PAOLO DE CESARE:

“Higher-end customers don’t want to trade down. Maybe they delay the purchase a little, but they stay with the brand. Even if times are tougher, they stay with the brand.”

“Russians are coming back. There is a clear correlation between the oil price and the number of Russians coming to our stores.”

BARBARA BUI (BBUI.PA) DEPUTY CEO JEAN-MICHEL LAGARDE:

“I have the impression that many brands are re-centering their production in Europe. Many people tried to make shoes in China and it didn’t work.”

YOOX YOOX.MI CEO FEDERICO MARCHETTI:

“Russia will be a very promising market, probably faster than many other markets like India. I think Russia is probably around the corner, while India is a few miles far from being a really interesting market for luxury goods.”

“Opening in China was a big challenge. We had to check 103 to-do list items. From big issues to small issues. It’s definitely not an easy job to localize in China.”

Compiled by Martinne Geller, editing by Matthew Lewis

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