November 13, 2012
Today in luxury marketing:
Broker upgrades lift Richemont to record high
Shares in Richemont rise to a record-high of approximately $70 after four brokers confirm their buy ratings on the luxury goods group and raise their target prices, per Reuters.
Lamborghini rolls out Aventador Roadster
Exotic-car builder Lamborghini is rolling out a convertible version of its Aventador LP700-4 supercar which has a stiff, two-piece roof made of carbon fiber that the driver can remove and store in the luggage compartment, The Wall Street Journal reports.
Social media's impact on spring
The Twitter and Instagram feeds of anyone who remotely follows fashion were inundated with images of Celine’s fur footwear and Chanel’s hula-hoop bag Sept. 30 and Oct. 2 — the respective days of each brand’s spring runway show during Paris Fashion Week, per WWD.
Japanese economy contracts; economists, officials predict a recession
Japan’s economy contracted 0.9 percent in the late summer, according to government data released Nov. 12, as officials and economists there warned that the country appears headed toward a recession, according to The Washington Post.