November 2, 2012
Today in luxury marketing:
Richemont, LVMH boost European stock markets
European shares rose on Nov. 1, helped by gains in major luxury goods stocks such as Richemont and LVMH, while a surge in telecoms group BT also helped markets recover from losses the day before, according to Reuters.
Audi rolls on in US sales with 14.5pc October gain
Audi continued to be one of the fastest-growing premium brands in the United States in October, reporting a sales gain of 14.5 percent versus a year ago to 11,708 vehicles, USA Today reports.
Estée Lauder Q1 net income rises 8pc
Estée Lauder's first-quarter net income rose 8 percent, boosted by strong sales growth in North America and China, according to Bloomberg Businessweek.
Consumer confidence up two months in a row
Consumer confidence in October was bolstered by an improving job market, but while the index at 72.2 is nearly at its highest level in five years, it is still below a reading of 90 that is considered representative of a healthy economy, per WWD.