Global Technology 2011


Greetings trump giveaways at luxury hotels

PARIS/NEW YORK At the best hotels, the new luxury is the old luxury: service.


Time, not bling, is the ultimate luxury

NEW YORK They may be trying to sell you that $10,000 suit or $35,000 necklace, but what luxury's tastemakers really yearn for themselves is not material at all.


Luxe chains see room for many more outlet stores

NEW YORK U.S. luxury department stores plan to keep opening more lower-price outlets without fear of hurting their high-end prestige, retail executives said this week.


Neiman Marcus beefs up tech to fight off upstarts

NEW YORK The names Neiman Marcus and Bergdorf Goodman evoke a certain old-fashioned luxury department store elegance, not technology savvy.


Brazil on way to driving luxury growth, execs say

PARIS Once a country associated with the slums known as favelas, Brazil is on its way to becoming a new engine of growth for the luxury industry, executives at the Reuters Luxury and Fashion Summit said this week.

Women, jobs push guys to upgrade their style

NEW YORK The need to look good on the job and pressure from the women in their lives are pushing men to take their style up a notch, giving luxury brands some welcome extra business.

Luxury sector wants easier U.S. visa rules

NEW YORK An unfriendly U.S. tourist visa system is bad for the luxury business and the government needs to ease its rules, according to industry officials.


Fashion hunts for talent in new growth phase

PARIS The fashion industry is entering a new growth cycle with a bigger focus on customers' price, quality and style expectations than in the mid-2000s, prompting brands to renew their design teams, executives said this week.


Fashion brand Carven says mulls possible IPO

PARIS Carven, the French fashion brand which has become the new darling of fashion editors, is growing so fast it might consider floating or letting in external investors in a little over a year, its head said on Wednesday.


Fashion queen Furstenberg works for her children

PARIS Designer Diane von Furstenberg, famous for her floral prints and wrap dresses, is developing a perfume, a cosmetics range and a home line in a bid to rebuild a fashion empire she can pass on to her descendants. | Video


Quotes from the Luxury Summit

PARIS/NEW YORK High-end tastemakers joined Reuters reporters at the Global Luxury and Fashion Summit in fashion capitals ranging from Paris to New York. Here are some memorable quotes from the summit: