October 17, 2012
Today in luxury marketing:
YSL files motion to dismiss Louboutin case
The Christian Louboutin versus YSL case has dragged on for well over a year, and now it seems like both parties are finally willing to stick a fork in it, The Cut reports.
Claridge’s owner sees profits rise as London luxury booms
Coroin Ltd., owner of London luxury hotels including Claridge’s, reported an increase in profit as Britain’s billionaire Barclay brothers and Irish developer Patrick McKillen battle over the company’s ownership, according to Bloomberg Businessweek.
Chanel acquires knitwear firm
Adding to its arsenal of specialty manufacturers, Chanel said Oct. 16 that it acquired Scottish cashmere specialist Barrie Knitwear, maker of the French fashion house’s iconic two-tone cardigans, per WWD.
GM Cadillac to start making ELR plug-in hybrid in late 2013
The production of the Cadillac ELR, the first luxury plug-in hybrid electric vehicle from General Motors, is to begin in late 2013 at the same plant that makes the Chevrolet Volt, a top GM official said Oct. 16, Reuters reports.