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November 30, 2011

Daily News: A Global Roundup

By JC Report
Daily News: A Global Roundup

“Now the Burch brand is facing a puzzling retail riposte from her ex-husband, J. Christopher Burch…he is opening a series of stores named C. Wonder that mirror Tory’s preppy style: go-to-hell colors, nautical flourishes, trim but conservative cuts. It’s unclear whether this is an amicable homage or a hostile takeover.” (New York Times)

“Luxury-goods maker Prada SpA warned that demand for its high-priced goods isn’t immune to a possible economic downturn as the firm reported a 75% rise in third-quarter net profit on robust Asian demand.” (WSJ)

“Concerns about slowing sales momentum took some of the luster off Tiffany & Co’s (TIF.N) stock amid signs that European and U.S. economic distress are weighing on luxury consumers, and shares fell 9 percent.” (Reuters)

“H&M has announced that its next designer collaboration collection will be with Italian brand Marni.” (The Appointment)

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