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.
Halston has entrusted its artistic direction to Marios Schwab. The graduate of Central Saint Martin’s College of Art & Design, owner of his own label since 2005, will head up the the design team, working on items from designer shoes to a line of handbags.
In Notting Hill, in the windows of 186 Westbourne Grove, a man-sized Eiffel Tower takes pride of place sporting the Union Jack. The reason? To remind people that under an anglicised name hides one of the most Parisian brands in ready-to-wear clothing.