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- 3 Sep 2010

Hermes Rising, Gucci's Destiny & Fast Fashion's Footsteps

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

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 Shortening the times from collection development to production and delivery to the customer is crucial for our future success. 

Claus-Dietrich Lahrs, CEO of Hugo Boss
(on how he plans to imitate a model pioneered by mid-market, fast fashion companies like Zara)
Luxuo

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36%

of expats in Russia earn over $250,000 a year, making them the richest expat group in the world, according to HSBC Bank International’s recently published annual report.

Reuters

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 The destiny of the gucci.com digital flagship store is that it will become our highest-volume store in the world. 

Patrizio di Marco, President and CEO of Gucci
(makes it clear where he believes the future of luxury retail lies)
WWD

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622

the number of pages in French Vogue’s mammoth October issue which will mark the magazine’s 75th anniversary

New York Magazine

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 There is also evidence that it actually helps the brands, by quickening the fashion cycle and raising brand awareness. We should be focusing on the trade in counterfeit drugs, dodgy aircraft parts and other stuff that really causes public harm. 

Professor David Wall
(commenting on the report on fake luxury goods which he co-authored)
Telegraph

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56%

the increase in the Hermes share price since the beginning of this year

Google Finance

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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