LuxuryLab Daily Digest

Posted by Lauren Proctor on September 10, 2009

Waiting For Deep Pockets to Open (Washington Post)
Recovery may well wait on the wealthy to step up their spending.

Out on the Edge (Black Coffee)
Thoughts on the keys to maintaining your edge as a brand.

Richemont Sales Sink 16%; Group Urges Caution (Market Watch)
Luxury-goods maker Compagnie Financiere Richemont, on Wednesday reported a 16% fall in sales for the first five months of the year and delivered a cautious outlook, as wealthy customers curbed their demand for high-end watches and jewelry.

Tillman Buys Storied Clothier Aquascutum (Wall Street Journal)
U.K. retail mogul Harold Tillman, chairman and majority owner of Jaeger Ltd., has purchased Aquascutum Group PLC, the luxury clothier and trench-coat maker that has dressed British elites from Margaret Thatcher to Sean Connery for 158 years.


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