LuxuryLab Daily Digest

Posted by Lauren Proctor on September 3, 2009

Why Luxury Retail Looks Lavishly Priced (Yahoo Finance)
Many investors seem to prefer a more-upscale shopping experience when it comes to stock picking right now: They want luxurious names adorning their portfolios.

Exclusive Resorts Increase Membership Fees to Stay Afloat (Halogen Life)
The waning economy has taken all aspects of luxury living for a spin. It’s done a number of things, not the least of which is causing some people and businesses to fold and some to improvise. Exclusive Resorts represents the latter.

Art Prices Start to Rise Again (Wealth Bulletin)
After five months of consecutive falls, art prices are beginning to rise again as buyers regain confidence and auction houses learn to adapt to a leaner spending environment.

C.E.O. Helps Jimmy Choo Diversify (New York Times)
Diversification often pays off in tough economic times, and it certainly has helped the luxury brand Jimmy Choo, which, like many companies, has not been immune to the sharp global downturn.

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