LuxuryLab Daily Digest

Posted by Lauren Proctor on September 7, 2009

Burberry May Speed U.S. Growth On Property Deals (Bloomberg)
Burberry Group Plc, Britain’s largest luxury-goods company, may accelerate plans to open U.S. stores as premium shop space becomes available at cheaper prices, Chief Financial Officer Stacey Cartwright said.

When Cheap Is Exclusive (The Economist)
Hard times for luxury retailers are good times for discount fashion websites.

As Champagne Fizzles, Makers Squash Supply (Wall Street Journal)
Champagne producers agreed to pick 32% fewer grapes this year, leaving billions of grapes to rot on the ground, in a move to counter fizzling bubbly sales around the world amid the economic downturn.

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