November 5, 2012
Today in luxury marketing:
Ralph Lauren posts better than expected Q2 results
Ralph Lauren Corp. on Friday, Nov. 2 posted lower second-quarter results, but still bested Wall Street's consensus estimates for diluted earnings per share by 14 cents, according to WWD.
Lauder of the rings
With high-end jewelry prices outperforming most segments of the art market, cosmetics executive Leonard Lauder said he has enlisted Sotheby's to help him auction off at least $13.4 million worth of jewelry amassed over the years by his wife Evelyn and mother Estée, The Wall Street Journal reports.
Luxottica in deal to buy France's Alain Mikli
Italy's Luxottica Group SpA, the world's biggest premium eyewear maker, has agreed to buy French luxury eyewear designer Alain Mikli as it seeks acquisitions to boost growth, per Reuters.
The next big thing in luxury: Branded real estate
“Branded” properties could become the norm as demand for high standards of design, leisure and labeled property increases among the rich in both established and emerging markets, according to the latest report from property group Knight Frank, CNBC reports.