LONDON — The luxury sector may be losing steam, but sales of last season’s Dior furs, diamond studs and Bottega Veneta biker boots are still generating double-digit growth.
Value Retail, which operates nine upscale outlet shopping centers across Europe, is expecting revenue to rise at least 15 percent this year above last year’s 1.5 billion euros, or $2.1 billion at average exchange, for 2011.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)