LVMH, the world's biggest luxury-goods group, is off on holiday or accompanying his pianist wife on a concert tour.
Bernard Arnault, the chairman of France's luxury-goods group LVMH , proposed merging his company's wine and spirits business with those of Guinness and Grand Metropolitan .
PPR, a luxury-goods group which owns Gucci and Yves Saint Laurent, is reported to have plans to move its entire executive committee to offices in London as soon as this summer.
LVMH, a successful French luxury-goods group whose customers are mostly women, has had just one female director over the past ten years: Delphine Arnault, daughter of the firm's chief executive and controlling shareholder.
Gianluca Brozzetti, who was brought in from luxury-goods group LVMH last year to run the show, is planning to expand Asprey from its 2 stores in London and New York to 40 worldwide within ten years.
They continue to roll out prestige goods aimed at a small group of uber-wealthy buyers.
In a public-goods experiment, each member of a group of subjects is given a financial stake and asked to use this money to contribute to a common pool.
Global Witness, an anti-corruption outfit, cites a case brought against it in which the son of the Congolese president used protection-of-privacy arguments after the group published his credit-card bills, which showed his spending on luxury goods.
ECONOMIST: Of privacy, the courts and (more importantly) the internet
Last spring, the U.S. Golf Manufacturers Anti-Counterfeiting Working Group shut down more than 200 websites selling goods into the U.S. market.
WSJ: Psst��Wanna Buy a Counterfeit Golf Club? | Golf Journal by John Paul Newport
He partnered up with a group from Hong Kong, bought a concession to sell duty-free goods and a few years later opened up his first duty-free stores in Thailand, taking just 6, 000 square feet of space.
It has also given Bradley the idea for another business: He's selling access to and information about Sikko's audience--the median age of the group, mostly male, is 23--to technology and packaged-goods companies eager to understand (and sell more to) such folks.
Orders for German engineering goods fell in June by 5% from a year ago, according to VDMA, a Frankfurt-based industry group.
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