Daily News: A Global Roundup

Vice interviews Karl Lagerfeld, “a guru, all right, and not just one of the fashion variety.” (Vice)

Versace, the Italian fashion house seeking to turn the page on its chequered past, is on track to be profitable by 2011 and family owners have no intention of selling their shares. (Reuters)

“A search for ‘Louis Vuitton’ on Google’s British Web site turns up an advertisement for ‘Designer Handbags 70% off’ — to the fury of LVMH, the French luxury goods conglomerate that owns the brand.” (New York Times)

“An increasing number of luxury retailers, deterred by the challenging property market, are today moving out of the main shopping areas and into niche neighbourhoods.” (Financial Times)

“Tiffany , the jeweller, was one of the first luxury retailers to signal that its US customers were beginning to emerge from recession shock, reporting a 12 per cent increase in its US same-store sales for November and December.” (FT)