Where Cachet is Worth More Than Cash
Posted by Lauren Proctor on September 4, 2009
With the luxury sector in a worldwide free fall, some might find the alleged interest of Canadian billionaire Galen Weston in acquiring the storied Barneys New York retail chain a bit puzzling. But in the rarefied world of high-end retailing, the cachet of owning big luxury brands is almost more important than their actual business performance, industry observers say. (Financial Post)
This entry was posted on September 4, 2009 at 1:51 pm and is filed under fashion, Retail. Tagged: Barneys, Cachet, Luxury. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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