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European automakers, French fashion faceoff and China – News briefs

September 27, 2012

Mercedes A-Class

Today in luxury marketing:

Europe’s luxury carmakers appear to have upper hand
Fears over Europe’s luxury-car stocks were heightened last week when Daimler AG issued a profit warning for its core Mercedes-Benz division because of a slowdown in China. But luxury-car makers still have plenty of zip in their engines, even as the continent’s mass-market producers like Peugeot SA and Renault SA are dealing with overcapacity, reports The Wall Street Journal.
Click here to read the entire story on The Wall Street Journal

Faceoff: Slimane, Simons in the spotlight
The arrival of these menswear mavericks on fashion’s biggest stage is likely to be the dominant story of the European season, WWD said.
Click here to read the entire story on WWD

China’s leadership quandry for luxury
It is tough times for luxury brands in China. Retail sales of jewelry, a proxy for the health of the sector, have fallen from 56 percent year-on-year growth in 2010 to 45 percent in 2011, and 16 percent so far this year. One reason is of course the economic slowdown. Another: The once-in-a-decade transition in China’s top leadership – which is expected to take place at the Party Congress in October, The Wall Street Journal reports.
Click here to read the entire story on The Wall Street Journal