Receive the latest articles for free. Click here to get the Luxury Daily newsletters.

New rich, luxury stocks and youth movement at Fashion Week – News briefs

February 21, 2012

Hugo Boss

Today in luxury marketing:

New rich fuel luxury boom
At a time when many consumer goods segments are suffering, luxury is rich with promise, according to the Wall Street Journal.
Click here to read the entire story on WSJ

Why you cannot afford to ignore luxury stocks
A gloomy global economy and sluggish consumer spending have scared many investors out of luxury retail stocks. But blowout earnings and international expansion signal a sweet spot in the designer goods market. Let’s look at the winners of high-end fashion and why investors don’t want to miss snagging a piece of their growth overseas, according to Daily Finance.
Click here to read the entire story on Daily Finance

Youth movement wows buyers in New York
The tribe of contemporary designers that includes Jason Wu, Alexander Wang, Prabal Gurung, Thakoon Panichgul, Derek Lam and Phillip Lim came into its own during fashion week, according to WWD.
Click here to read the entire story on WWD

PPR aims to triple in size by 2020
François-Henri Pinault, chairman and chief executive officer of the French group, hopes to triple the size of its core luxury and sport & lifestyle divisions by the end of the decade and increase revenues to 24 billion euros, or $31.5 billion at current exchange — roughly on a par with the sales posted by LVMH Moët Hennessy Louis Vuitton in 2011, according to WWD.
Click here to read the entire story on WWD