February 25, 2013
Today in luxury marketing:
Burberry to Tiffany seen attracting LVMH
LVMH Moët Hennessy Louis Vuitton is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years, according to Bloomberg.
Bottega Veneta crosses the $1 billion mark
With the release of Bottega Veneta’s revenues for 2012, the PPR-owned Italian maker of discreet high-end leather goods and ready-to-wear publicly joins a small club of luxury companies that have crossed over into $1 billion-plus sales, Business of Fashion reports.
Ferrari rated world's most powerful brand ahead of Apple
According to Brand Finance, Italian automaker Ferrari earned the highest rating among all brands on the Global 500 list despite being worth considerably less than its competition, per AutoBlog.
Nordstrom to pump up Rack, online
After a strong performance in 2012, Nordstrom is prepared to spend big to ramp up Rack, enter Canada with both full-line and Rack outlets, accelerate its direct business and mobile operations and build a Manhattan flagship, WWD reports.