Already well established in the United Arab Emirates, with its boutiques and soon hotels, Versace is now focusing on Saudi Arabia. The fashion house has inaugurated a flagship store in Jeddah, one of the key commercial cities in the country.
Many economists expect the U.S. recession to end in the second half of this year, but companies catering to consumers showed on Wednesday that the prolonged downturn and rising unemployment are taking a toll on business in the near term.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
In Paris, after the Petit Moulin (3rd) and the Hôtel Bellechasse (7th), the designer Christian Lacroix is starting work on his third hotel. This one will be near Notre-Dame, more precisely on the Quai Saint-Michel.
Retailer Wensum Co Plc said on Monday April 6 it expected to report "significant" trading losses into the first half of the current year, citing substantial pressure on gross margins due to adverse exchange rate movements during the last months of 2008 and the first quarter of 2009.
The world's two most glamorous first ladies met Friday on the sidelines of the NATO summit, giving observers an insight into their very different approaches to style.For the new occupant of the White House, Michelle Obama, a touch of boldness.
Not so long ago eco-packaging was only a minor genre in the design world, or worse an uncreative area where only talking of recycling had currency. Hopefully no more after the exposition ‘Eco’Pack Attitude’ by the Designpack gallery in Paris.
Staff learnt on Wednesday March 18 that the crystal glassworks Lalique, taken over a year ago by the Swiss group Art & Fragrance, is closing its site in Combs-la-Ville (Seine-et-Marne) and focusing on its activities in Wingen-Sur-Moder in the Rhine basin.
Spanish retail sales plummeted by a calendar-adjusted 5.4 percent in January compared to a year earlier, the 14th straight month of falls, although the pace of contraction slackened from the previous month.
Nicolas Boulanger, department manager for Eurostaf, believes that the devolpment of the luxury market in 2009 must be at a constant level between zero and 5%, a decrease of 8 points compared to 2003 – an historically tough year for the sector.