“Prada SpA, buoyed by surging profit at the eponymous fashion label, is exploring options to revive an initial public offering.” (Businessweek)
“French fashion and handbags house Louis Vuitton, with help from supermodel Naomi Campbell, has unveiled an elegant leather-bound case that it produced to carry the trophy to South Africa .” (Associated Press)
“A rebound in U.S. luxury spending remains fragile due to high unemployment and the specter of higher taxes and stricter rules on how Wall Street operates.” (Reuters)
In this current retail market, “luxury retailers will have to rely on what historically has been their core clientele—high net worth individuals who can afford luxury goods without going into debt.” (Retail Traffic)
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