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Kaufhaus des Westens, Berlin | Source: Bloomberg
Berlin’s Ku’Damm in Style as West Draws Hip Shops (Business Week)
“The decision by fashion brands such as Hermes and Louis Vuitton to focus on west Berlin has shifted attention away from Friedrichstrasse, the eastern strip that attracted most retail investment after the fall of the Berlin Wall in 1989.”
Hong Kong retail: as the rich go to Paris, the rest go mid-market (FT)
“The very wealthy Chinese appear to be travelling to shop at Galeries Lafayette in Paris instead of Causeway Bay and Canton Road in Hong Kong. So is it gloom and doom for Hong Kong’s retail sector? Spencer Leung, an analyst at UBS, says the best may be yet to come – but only for Hong Kong’s mid-priced retailers.”
Chanel Sold-Out Dresses Show That Scarcity Counts (Bloomberg)
“Strong demand for Paris-based Chanel’s collections and those of Hermes International shows that consumers are still splurging at the top end of the 212 billion-euro market for personal luxury goods even as the industry faces its weakest growth this year since the global financial crisis.”
Fendi to fund restoration of the Trevi Fountain (Telegraph)
“Storied Italian fashion house Fendi has announced a four-year initiative which will see the brand fund the restoration of five of Rome’s best-known fountains, starting with the iconic Trevi Fountain.”
Nothing vague about Vogue (The Nation)
“Vogue, arguably the world’s most influential fashion magazine, put its Thai edition on news stands last week, and within a few days every copy was gone. Quite a feather in the cap for Kullawit Laosuksri, Vogue’s first male editor-in-chief anywhere in the world, and that now includes 21 editions, and for the publishers, Conde Nast Asia-Pacific and Serendipity Media.”
