September 18, 2012
Today in luxury marketing:
Burberry CEO Angela Ahrendts: ‘We are not changing strategies’
Chief executive Angela Ahrendts said the British luxury label is not shifting course after revealing a surprise profit warning last week and reporting its worst retail sales growth since the financial crisis, the Wall Street Journal reports.
McQ Alexander McQueen makes Dover Street debut
McQ, the younger, more commercial line from Alexander McQueen, has planted a flag on Mayfair’s Dover Street with a new 3,000-square-foot store, according to WWD.
Lexus previews LF-CC Concept ahead of Paris debut
The Lexus LF-CC, a new two-door hybrid coupe concept, will make its debut at the Paris Motor Show later this month. Featuring the L-finesse design language seen on the LF-LC Concept that debuted in Detroit back in January, the LF-CC Concept is likely a preview of the next-generation Lexus IS that will be introduced in the near future, said AutoBlog.
France's fleeing billionaire
It is a shame that France’s two most powerful people, its president and its richest man, have been unable to get beyond populist posturing and recrimination in their battle over taxes. They may have missed a golden opportunity to find common ground on restoring growth to their country’s beleaguered economy. The clash erupted after Bernard Arnault, the chief executive officer of LVMH Moët Hennessy Louis Vuitton, acknowledged that he has applied for Belgian citizenship, per Businessweek.