Online Shopping Grows Slowly in Brazil Brazil has clearly embraced the online universe, with one in every three people having access to the Internet. But that figure is not translating into online luxury sales for social and economic reasons. “The market is still very much on the initial phase of development,” says Carlos Ferreirinha, the … Read more
The rise in grape prices from the Champagne region’s 2011 harvest will be unavoidably passed on to the consumer. Champagne is expected to go up in price in the New Year as grape prices increase in the French region. Although Champagne is currently being heavily discounted by supermarkets fighting for market share, the rise in … Read more
Missoni would like to follow its successful Target collaboration with another lower-cost line, this time on an international scale. The collaboration line with Target was so popular that it sold out almost immediately from retailers across America, with the online store going into meltdown. In an interview published in The Los Angeles Times, Margherita Missoni … Read more
Karl Lagerfeld, creative director of both Chanel and Fendi, has signed up to design a new range called ‘Karl’. Set to launch in January next year, the rock’n’roll-inspired collection will be priced a million miles from the exorbitant sums seen on Chanel price tags – items such as biker jackets, sweatshirts, shirts and dresses will … Read more
LVMH watch and jewellery sales up 26% Luxury products group LVMH has reported a revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010, with watches and jewellery recording organic revenue growth of 26%. The overall organic revenue growth of the French luxury goods … Read more
Infiniti adds first gas-electric hybrid – M35 Infiniti is finally gasoline-electric hybrid. The new 2012 Infiniti M35h it is rated 38 percent more fuel efficient overall than its non-hybrid, V-6-powered M35 sibling. Drivers can get 9 more miles from a gallon of gas in city traffic and 6 more miles a gallon on the highway … Read more