British home shopping group N Brown said sales growth slowed after the general election as shoppers held back on spending while they assessed the likely impact on their finances of the coalition government.
Small brands can carve out a safe niche for themselves in an overcrowded fashion market, former Valentino chairman Matteo Marzotto said, adding that ideas count more than money in the crisis-hit luxury industry.
Factory activity grew at its fastest rate in over 15 years in April, but lending to consumers, home-buyers and businesses was weak the month before, leaving question marks about the sustainability of recovery.
The Italian label Marni has continued its expansion with the opening of another American boutique. Following international openings in New York, Madrid and Barcelona it is now the turn of Las Vegas, with the brand ope...