June 8, 2011
Today in luxury marketing:
Thierry Andretta, chief executive of France's oldest fashion brand Lanvin, has found a radical remedy against the avalanche of emails he gets every day: he has declared Wednesday an email free day.
Central Bank Tuesday asked the government to tax luxury goods more in a bid to stabilise prices of essential goods and services across the economy.
Patrice Louvet will assume the post of president of Global Male Grooming, and Joanne Crewes will succeed Louvet as president Global Prestige.
After almost a decade of declining sales, women are putting color back on their lips, with by the NPD Group reporting that in the January through April period, the prestige lip segment increased by 7 percent to $185.2 million, accordingto Mediapost.