From: Retail, Luxury & Consumer Club
Date: April 15, 2011
Subject: Retail & Luxury Goods Club Newsletter
Dear Retail & Luxury Good Club members,
Welcome back from Spring Break! More news, job postings and events to kick off the term:
1. News
Top News
LVMH to take over Bulgari in 3.7bn euros deal
http://www.bbc.co.uk/news/business-12663725
LVMH signals continued pursuit of Hermès
http://www.ft.com/cms/s/0/c8bf7b7e-5bb8-11e0-b8e7-00144feab49a.html#axzz1JVqrRbcM
Luxury Sector
LVMH CEO: Japan Remains Essential To Business
http://online.wsj.com/article/BT-CO-20110331-703830.html
Bulgari Takeover 82% Costlier Than Hermes for LVMH: Real M&A
Hermes to exit Gaultier
http://www.thisislondon.co.uk/standard-business/article-23937662-hermes-to-exit-gaultier.do
Ferragamo Is Said to Be Third Italian Luxury Company to Seek IPO This Year
Jaguar Land Rover sales roar to record
Retail Sector
Sir Philip Green ponders UK factory plan
M&S looks to shrug off commodities increases
http://www.ft.com/cms/s/0/79ed1d5a-607f-11e0-9fcb-00144feab49a.html#axzz1JVqrRbcM
Supermarkets rush to strive for shrinking pie
http://www.ft.com/cms/s/0/69e340ec-6525-11e0-b150-00144feab49a.html#axzz1JVqrRbcM
Tesco loses dispute with Asda over supermarket price war adverts
Tesco May Extend Sale-and-Leaseback Program to Include Assets Outside U.K.
Dixons to close Spanish stores
http://www.ft.com/cms/s/0/b36ecdf8-667e-11e0-ac4d-00144feab49a.html#axzz1JVqrRbcM
Emerging markets
LVMH Fund to Target Indian Lifestyle Arena
http://online.wsj.com/article/SB10001424052748704559904576230792444189366.html
Burberry lays on 'mother of all parties' to launch flagship Beijing store
2. Jobs
A Touch of Posh – Finance and Marketing internships. Details on Career Central.
Shopvolution - Marketing Manager Intern. Details on Career Central.
Amazon – Internship opportunities in several European countries. Details on Career Central.
3. Events
"The Business and Benefits of Luxury Market Expansion"
As the leading developer, owner and manager of designer outlet villages across Europe, for the past 16 years McArthurGlen have spearheaded the development of the luxury designer outlet market to operate 500,000 sq m of retail space across 19 centres in nine countries - with their 20th to be opened this spring. In doing so, they have expanded the reach and penetration of their 750+ luxury and high street tenants (including Ferragamo, Burberry, La Coste, Armani and Guess, amongst many others) and created a class of attractive, steady-yielding investment assets.
We are extremely pleased to host their CEO, Julia Calabrese, who will discuss the McArthurGlen journey, including:
- McArthurGlen's role in pioneering the European luxury market
-the benefits of a designer outlet retail channel for brands and to investors
-how the group are changing the perception of designer outlet retailing
-McArthurGlen's new development process and considerations, including market catchment, planning and cultural considerations, and
-the strength of the McArthurGlen brand
7pm, 27 April 2011
London Business School
The Sainsbury Building
Lecture Theatre 6
Reception to follow.
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