Will French Banks Record Deposits Grease The Wheels Of The Region’s Economic Recovery? French banks’ corporate deposits hit a record at the end of 2012, helped by clients like Sebastien Mejean, the co-founder of online jeans retailer Sojeans. The entrepreneur put most of the 2 million euros ($2.7 million) he raised from an Italian fund in deposits at Societe Generale SA and HSBC Holdings Plc’s French unit. Mejean, like BNP Paribas SA client LVMH Moet Hennessy Louis Vuitton, SA, the world’s … [Read more...]
CHINA on track to skyrocket, McKinsey & Co. to reach $11 Trillion
February 3, 2013 by
Lorre White reports: “WHAT’S NEXT FOR CHINA?” China is on track to getting richer, and discretionary spending will continue to skyrocket. The country’s GDP is currently around $6 trillion. Within the next 7 years, McKinsey & Co. suspects it will reach $11 trillion or – as they say – the equivalent of two Germanys. As people get wealthier, discretionary spending increases. Service-related industries are expected to benefit the most. In particular, “sectors such as leisure (defined as … [Read more...]
Luxury Brands and the secondary market … , Lorre White
January 16, 2013 by
Luxury Brands and the secondary market; why is it important for luxury brands to be familiar to those that are not their primary customer and how luxury marketing plays a role. Certain luxury items like designer fashion, cosmetics, perfumes, skin care, etc., although in the luxury sector, have predominantly aspirational consumers because of the lower price point. People can save up to buy a purse, a suit, sunglasses or shoes, but they cannot save up to buy a $60 million dollar jet, yacht, … [Read more...]
Lorre White reports – ‘The Collected Wisdom of Warren Buffett’
December 17, 2012 by
Lorre White reports: Warren Edward Buffett (/ˈbʌfɨt/; born August 30, 1930) There is no greater advertisement for the potent combination of formidable intelligence, commonsense, consistency and self-discipline than Warren Buffett. Tap Dancing to Work, Warren Buffett on Practically Everything, 1966 – 2012, a collection of articles about and by Omaha’s most famous citizen, drawn from an archive of Fortune magazine that spans almost half a century, is a wonderful reminder of those … [Read more...]
De-bunking Mideast Myths: Sara Mohamed on Arab Women in Business
December 16, 2012 by
Lorre White - WOMAN of ACTION™ reports: Sara Mohamed on Arab Women in Business … [Read more...]
Lorre White celebrates London Holiday Teas
December 7, 2012 by
Observance of the custom originated amongst the wealthy classes in England in the 1840. Anna Maria Russell, Duchess of Bedford, is widely credited as transforming afternoon tea (or low tea) in England into a late-afternoon meal whilst visiting Belvoir Castle, though Charles II of England's wife Catherine of Braganza is often credited with introducing tea to the court upon her arrival in 1662. By the end of the nineteenth century, afternoon tea or low tea had developed into its current form … [Read more...]
Lorre White celebrates Cyber Monday – how did it go?
December 4, 2012 by
BRITISH-BASED online retailers are expected to see their busiest day in history today, as US shopping event Cyber Monday takes place in the UK. The annual discount day - which in America traditionally falls on the Monday after Thanksgiving - was launched to encourage shoppers to buy online in the run-up to Christmas. Internet sales are expected to surpass all expectations with Visa Europe predicting that £320 million will be spent via its cards alone, reports The Evening Standard. The number … [Read more...]
Lorre White reports – Baccarat opens in NYC Hotel
November 26, 2012 by
French luxury glassmaker, Baccarat announced the opening of a new flagship store in New York, on Madison Avenue, Spring 2013. The new Baccarat store in New York will be the second largest in the world, covering over 250 sqm on 2 floors. Starwood Capital which owns 60% of Baccarat, signed earlier this year a partnership with Tribeca Associates to develop a Baccarat Hotel & Residences, on 5th Avenue in New York, projected to open late 2014. In 2011, Baccarat registered a net loss of 2,3 … [Read more...]
Lorre White celebrates Grand Opening of McQ Flagship Store, London
September 21, 2012 by
Here’s the first look inside the new McQ Flagship Store in London. The new store concept was conceived by Sarah Burton at Alexander McQueen and realised together with David Collins Studio. “We wanted to create a story and a home for McQ and the flagship on Dover Street is an extension of this world. The store will offer special catwalk pieces alongside ready-to-wear collections in a rich and immersive McQ environment.” – Sarah Burton. “We looked at fetish. We wanted the home of … [Read more...]
Lorre White celebrates the Global CEO of Rolls Royce, Torsten Müller-Ötvös
June 25, 2012 by
Global CEO of Rolls Royce, Torsten, THE MAN BEHIND ONE OF THE WORLD'S MOST ICONIC LUXURY BRANDS Car articles that tell you torque, and mileage, and even the number of stitches in the hand sewn leather seats, are a dime a dozen, but what you cannot get everywhere, is the story of the people behind the brick and mortar of our favorite brands. After all, it is their human leadership that is developing and evolving our favorite brands that ignite our passions, as the Rolls Royce hood ornament … [Read more...]
