PARIS — Amid doom and gloom aplenty, the luxury goods sector got a blast of good news from investment firm HSBC, whose analysts contend that robust demand from Asia, the Middle East and Russia should boost top-line growth by 6 percent and keep earnings per share in the high single digits for all players in 2008.
"We are not surrendering to the gloomy scenario currently factored into most luxury stock evaluations," Antoine Belge and Erwan Rambourg wrote in a research report issued Friday. "In light of recent economic and financial market developments, we believe we need to revise down our forecasts. Nevertheless, the trends we are forecasting are still far from a nightmare for the luxury goods industry."
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)