Britain should be doing more to encourage Chinese shoppers to visit the country Money is no object for many Chinese shoppers, who have become a common sight in London department stores such as Liberty, Harvey Nichols and Harrods. The average spend of a Chinese customer on a single transaction in London during January to October … Read more
L’Oréal eyes digital media to connect closer to consumers Speaking on a conference call regarding L’Oreal Group’s fourth quarter results, managing director of Strategic Marketing Marc Menesguen announced that based on positive results in 2011, the company will look to invest further in digital media. Beauty is one of the most discussed topics on social … Read more
Chef-inspired pet foods Foodie revolution has transformed many kitchens into four-star restaurants for our pets that feast like epicureans, says New York Times story headlined “Boeuf Bourguignon Again?” Wild salmon, crab surimi, brown rice, duck, chicken and “hand-picked” vegetables and fruit represent a true culinary voyage in the bags of the luxury pet food lines. … Read more
Worldwide Cost of Living 2012: Mature markets still the most expensive Zurich, Tokyo, Geneva, Osaka and Oslo are the most expensive cities in 2012 Muscat, Dhaka, Algiers, Kathmandu and Panama are top 5 least expensive cities For the first time in at least two decades of Economist Intelligence Unit reporting the worldwide cost of … Read more
Yoox CEO Federico Marchetti Expects Profitability to Increase in 2012 Italian internet mail order luxury retailer Yoox expects profitability to Increase in 2012. Yoox climbed 8.6 percent, the most in more than eight months, in Milan trading on Feb. 9 after reporting a 36 percent increase in 2011 revenue that exceeded analysts’ estimates. North America … Read more
Alwyn Stephen began his career in the United Arab Emirates way back in 1985 as a salesperson. By sheer coincidence in 1988, he got into the fragrance business and from that year on there was no turning back. He started his career in the fragrance business with one of the leading perfume companies in Dubai. … Read more