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- 21 Jun 2010

Men, Women, Facebook and the Future for Harrods

The sound bites and statistics that are causing a stir in luxury circles

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 Clearly it is a waste of money to try everything; you need to think carefully about what the return is, whether it’s measurable, and whether the return is immediate or long-term. 

Vanessa Friedman, Fashion Editor at Financial Times
(on the digital media options open to brands.)
FT Business of Luxury Summit 2010

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$1 billion

Harrods target for sales in 2010

Marigay McKee, fashion and beauty director at Harrods
(speaking at the FT Business of Luxury Summit)
Twitter

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 Always let demand outpace distribution. 

Leonard Lauder, Chairman Emeritus of The Estée Lauder Companies Inc.
(speaking at the FT Business of Luxury Summit)

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60%

of VAT forms filled out in France last year which were from mainland Chinese shoppers

Leonard Lauder, Chairman Emeritus of The Estée Lauder Companies Inc.
(speaking at the FT Business of Luxury Summit)
Twitter

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 Women are into fashion, men are into style. 

Domenico Dolce, Founder of Dolce & Gabanna
(on understanding the sexes)
Wall Street Journal

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36%

of Facebook entries which mention a brand.

Twitter

Members opinion

  • Karen Weiner Escalera Generation Y: Luxury's Most Buoyant Market by Karen Weiner Escalera 3 May 2012
  • Isa Lavs Luxury Shopping in the UK: How the Market Continues to Grow by Isa Lavs 1 May 2012
  • Marina Cozzika South Africa’s Luxury Consumers Buck International Trends by Marina Cozzika 25 Apr 2012
  • Sophie Maxwell Has Luxury Brand Diversification Gone Too Far? by Sophie Maxwell 18 Apr 2012

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