Posted by Dale Buss on December 5, 2012 09:05 AM
Disney and Netflix sign landmark agreement for the web streaming service.
GlaxoSmithKline begins assembling new global branding effort on its impact around the world.
Tesco bails out of Fresh & Easy venture in U.S.
AOL's Advertising.com group acquires Buysight.
Apple upgrades iTunes, secures USPTO patent for "retina."
Beer tax dispute heats up in Europe.
Blu Dot tests Twitter game of musical chairs.
BMW has US luxury auto sales crown in its sights.
Campbell Soup Company donates $500K to Salvation Army.
Citigroup announces 11,000 job cuts and $1B charge.Continue reading...
Posted by Dale Buss on October 16, 2012 09:01 AM
Citigroup CEO Vikram Pandit and COO John Havens quit unexpectedly; board elevates EMEA CEO Mike Corbat to top spot.
Yahoo CEO Marissa Mayer, back from two-week maternity leave, poaches new COO from her previous employer Google.
RIM sees its once-iconic BlackBerry slip into black-sheep territory.
CBS extends CEO Les Moonves for two more years to 2017.
Chrysler opens availability of natural-gas-powered Ram pickup to retail sales.
Facebook opens UK engineering hub to focus on mobile.
Foxconn admits to breaching child labor laws.Continue reading...
Posted by Abe Sauer on October 1, 2012 10:06 AM
One of the most famous landmarks of colonial era Shanghai was a sign that hung in The Bund park reading "No Dogs and Chinese." That sign never existed, although the urban legend persists because such rules did exist. Now, nearly 100 years later, with Chinese consumers growing more powerful every year, a luxury fashion designer has opened old wounds with a statement so colonially racist it would be comfortable on the streets of the French Concession circa 1921.
In a statement to WWD, the founder of high-end fashioner Zadig & Voltaire said that its new boutique hotel slated to open on the Left Bank in Paris in 2014 "won’t be open to Chinese tourists." Outrageous, for sure. But does the sentiment reveal an uncomfortable relationship between the world's haute fashion houses and their nouveau riche Chinese patrons? Just a week after D&G needed to explain its "Moorish" earrings, Thierry Gillier, fashion brand Zadig + Voltaire's founder, told WWD of the brand's new Paris hotel:
“It will be a slightly private hotel, not open to everybody, with 40 rooms. We are going to select guests. It won’t be open to Chinese tourists, for example. There is a lot of demand in Paris — many people are looking for quiet with a certain privacy.”
Through the weekend the story lit up Chinese social media networks including Weibo. Needless to say, reactions were swift and scathing.Continue reading...
Posted by Barry Silverstein on September 13, 2012 05:03 PM
It may not yet be a major earthquake, but there seem to be rumblings that luxury goods are undergoing some sort of seismic shift.
As Fashion Week was at its height in New York, instead of watching hemlines fashionistas were watching stock prices, as luxury apparel maker Burberry saw its shares drop over 20 percent Tuesday on issuing its first profit warning since 2008. It was an especially bitter pill to swallow for a brand that in January was named "International Retailer of the Year" and, in April, took the mantle of greatness from a bankrupt Aquascutum.
Bloomberg Businessweek labeled Burberry's slide as "an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences." While Burberry's report may have helped pull down shares of luxury giant LVMH and other luxury brands such as Prada and Richemont, it does appear demand for luxury goods has been softening recently.
Harry Winston indicated last week that there was lower interest in its luxury products, and last month, Tiffany projected lower profits for the year. Stacey Cartwright, Burberry's CFO, told Bloomberg Businessweek that she had spoken with other luxury goods marketers. "We know we are not alone in terms of what we've seen in the last couple of weeks," she said.Continue reading...
Posted by Barry Silverstein on September 5, 2012 01:04 PM
When French luxury brand conglomerate LVMH acquired a minority share of 127-year old family-owned French luxury brand Hermes in late 2010, it was hardly a match made in heaven. LVMH head, billionaire Bernard Arnault, commented to the New York Times in March 2011, "We are a totally peaceful investor, but as a leader in the best quality products in the world, we believe we can bring a certain savoir-faire to improve the functioning of their business."
Foreshadowing what was to come, however, Hermes CEO Patrick Thomas responded, "We don't want to be a part of this financial world which is ruining companies and dealing with people like they are goods or raw materials. It's not a financial fight, because we would lose that. It's a cultural fight."
That "cultural fight" has now flared up into a renewed legal battle, as Hermes recently filed suit against LVMH for "the way in which LVMH entered the capital of Hermes." The suit also alleges insider trading and manipulation of the share price, reports the Financial Times. LVMH has counter-sued for defamation.
At the heart of the battle is the independence of the Hermes brand itself.Continue reading...
Posted by Dale Buss on September 4, 2012 08:56 AM
Airbus sees demand in Asia driving future airliner market.
Apple sees rivals rush to make news before introduction of new iPhone.
Asia Pulp & Paper tries to improve green image against skepticism.
Baidu launches mobile web browser.
Bloomingdale's woos woos men with BMW cross-promotion.
Burt's Bees relies on consumer insights from "Burt's Buzz" community panel.
Chrysler posts 14-percent gain in August sales, leading parade of today's industry sales reports.Continue reading...
Posted by Shirley Brady on July 31, 2012 05:05 PM
Louis Vuitton pays tribute to "The Greatest," boxer Muhammad Ali, with the digital experience The Greatest Words. In two short films, "Float" and "Life," spoken word artist Yasiin Bey and calligrapher Niels Shoe Meulman revisit the words of Mohammad Ali, with a helping hand from rapper/actor Mos Def.Continue reading...
Posted by Sheila Shayon on July 26, 2012 10:17 AM
Sephora, the high-end beauty retailer owned by LVMH Moët Hennessy Louis Vuitton, operates more than 1,600 stores worldwide where customers can try and apply make-up before they buy. Under digital head Julie Bornstein, Sephora is in the midst of its own “social and mobile makeover,” bridging the worlds of offline and online — stylishly, of course.
Case in point: today Sephora announced a partnership with Pantone, the global color authority, for a digital app. Dubbed SEPHORA + PANTONE COLOR IQ, it's described as "the most advanced foundation matching solution available in North American beauty retail. Using Pantone’s color capture and measuring technology, SEPHORA + PANTONE COLOR IQ is the first and only beauty system to scan the surface of the skin, assign an official PANTONE® SkinTone™ number, and match a scientifically precise foundation shade from Sephora’s 1,000 foundations, brands and formulas." The service launches today at Sephora's Times Square flagship in New York, and on August 2nd in San Francisco.
Social business, as Brian Solis calls it, is de rigueur for brands today, iterating from social to digital and experiential. That's why Sephora is taking its digital operations to the next level in a redesigned website with amped up search, an iOS mobile app and a new mobile website, Sephora is installing iPads in more than 100 of its stores in an integration with Pinterest replete with “Pin It” buttons for all its product pages.Continue reading...