Hong Kong skyline | Source: Wikipedia
Hong Kong Luxury Sales Rebound on Confidence in Mainland (Bloomberg)
“Hong Kong’s luxury sales rebounded in a sign that confidence is returning to a Chinese economy that probably picked up pace in the final three months of last year after a seven-quarter slowdown.”
PPR in Talks to Sell Redcats Unit to Alpha Fund for $156 Million (Bloomberg)
“PPR SA owner of the Gucci brand, said it’s in talks to sell the children’s and family division of its Redcats unit in a deal valued at 119 million euros ($156 million) as it disposes of retail assets to focus on luxury and sports brands. Exclusive negotiations are being held with buyout firm Alpha Private Equity Fund 6, the Paris-based company said today in a statement.”
Scion puts fashion firm in the lap of luxury (China Daily)
“Trussardi’s forebears, especially his father, Nicola Trussardi, turned a small glove-making business established in 1911 in Bergamo into a brand appreciated by British royalty and European fashionistas… The company is now writing a new chapter in its history in Shanghai.”
A Men’s Market In China (Jing Daily)
“Recent studies have repeatedly indicated that the rising number of upper-middle-class male shoppers (with annual salaries averaging around 510,000 yuan (US$81,800)) are showing a greater interest in more individual luxury segments such as apparel, leather-goods, and personal accessories.”
Mencyclopaedia: RM Williams (Telegraph)
“What was missing, I reckoned, was masculinity: there was no top-notch, gold-standard, home-grown luxury label for the cashed-up cobbers to buy into. With a spot of spit and polish, R M Williams could be that brand: think Ralph Lauren in a cork hat.”