September 27, 2012
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.
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.
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.
Luxury cosmetics maker weighs the risks of appearing on a TV shopping channel
Eve Pearl is considering pitching her high-end cosmetic products to a broad audience by appearing on a TV shopping channel, per The New York Times.