For the first time at Baccarat, Stefano Poletti has devoted his time to a surprising game: reinventing the shine and gloss in precious jewels. Necklaces, pendants, earrings… His creations gorge themselves on light, holding it for a moment before it’s released and ricochets off into infinity.
As U.S. retailers prepare for the upcoming back-to-school and holiday shopping seasons, there may also be an uptick in the number of retailers that are preparing for a trip to bankruptcy court.
Bankrupt German retailer Arcandor, which holds about 53 percent in travel company Thomas Cook, will decide soon whether it will apply for an insolvency loan, a spokesman said on Monday 15 June.
A Saudi princess alleged to have run up unpaid bills worth millions of euros in a Paris shopping spree has agreed to settle a 125,000-dollar tab after bailiffs turned up at her hotel.
The grand-daughter of Bulgaria's former communist dictator Todor Zhivkov, Socialist deputy Evgenia Zhivkova, announced Thursday 11 June that she was quitting politics to focus on her career in fashion.
Leading British jewelers and retailers braved a public transport strike to admire the latest platinum jewelry designs at a chic party hosted by Platinum Guild International.
Retailing in Germany is in a deep funk. More and more retail chains are going bust as unemployment rises, consumers cut back on spending and distressed banks refuse to lend more money.
German retail group Arcandor threw in the towel on Tuesday 9 June, filing for insolvency after the Berlin government rejected its request for emergency state aid.
Wealthy shoppers will expect discounts on luxury goods for the next few years, and savvy upscale brands will counter the pervading frugality through innovation such as better customer service or design.
Sales of luxury goods in Dubai have dropped about 45 percent since the global economic crisis prompted local shoppers to tighten their purse strings and tourists to rethink spending sprees, a top retailer said.
Stricken German retail and tourism group Arcandor has launched a second attempt to get help from the German government to secure its survival, the company said on Friday 5 June.
Germany's Economy Ministry has dampened Arcandor's hopes of getting help from a government bailout fund but said the stricken retail and tourism group could explore other ways of seeking state aid.
An ambitious gold mining project in northern Chile, high up in the Andes close to ancient glaciers, is finally getting underway amid the economic downturn despite fears from environmentalists.
The brands Closed and Giuliano Fujiwara will soon be unveiling their partnership, which is planned to last for four seasons, at the Pitti Uomo tradeshow in Florence from the 16th to the 19th of June.
The head of stricken retail and tourism group Arcandor said the first round of talks with the German government over possible state aid went well and they would meet again next week.
