Posts tagged with 'luxury brands':

Luxury brands are shaking in their stilettos at the moment—what with the Lehman Brothers breakdown in the States, a threat of recession in China and an overall shift in what people want to buy. "There's an anti-status point of view right now," says luxury marketing consultant Pam Danziger. So what's an age-old luxury label to do?
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Clearly the luxury brands we all know, and some of us lust after, have a cunning plan. The chairman of LVMH (Louis Vuitton Moet Hennessy) says that, despite a recession, he believes growth for luxury brands will continue and much of it will be fueled by consumers in emerging markets, such as those in China, India and Russia. So to keep the bottom line expanding, luxury labels like Gucci, Tiffany & Co, Chanel and Prada are expanding their retail reach.
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