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May 12, 2010

Daily News: A Global Roundup

By Robert Cordero
Daily News: A Global Roundup

“The ‘look at me, I’m electric!’ appeal of wearable technology could prove far more lucrative than acting as a mere vehicle for its attention-hungry wearer.” (The Telegraph)

“China’s wealthiest consumers shrugged off the global financial malaise faster than their peers in other parts of the world, but high-end Western brands shouldn’t see the Chinese market as a free-for-all just yet, say the authors of a new report on luxury brands in China.” (WSJ)

“Following Mohammed al-Fayed’s $2.2 billion sale of Harrods to the sovereign wealth fund Qatar Holding this weekend, rumors are swirling that the high-end retailer may be considering a Shanghai location to take advantage of China’s booming consumer retail market.” (Jing Daily)

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