Blue Prints For A Wooden Swing Set

LUXURY IN SEARCH OF THE LOST

FROM "THE WORLD OF December 4, 2009

SECURITIES Griff prepares to FILE A 2009 WITH THE MINUS SIGN TO ITEMS REVENUES AND PROFITS

TOD'S, HOWEVER, IT APPEARS TO BEAT THE CRISIS IN CHINA. ............

In times of crisis was precisely the high ranges of the companies to be penalized, while those who make products medium to high fared. H & M (but far from luxurious) grew by 17.9% in revenues, up from 1.657 million to 1.748 million in EBITDA. "To talk of a possible recovery must deal with the economic picture," says Paul Rizzo , partner and manager of Anthìlia Capital Partners SGR.

And here the vision is not very clear because there are not enough signal strength at the macro level or boost consumption. From a structural point of view, however, the vision is good because the big luxury brands think they are intended to benefit from 'increasing number of wealthy, or new rich, emerging countries, led by Russia and China followed by India. "And to believe in a revival of the brand is also Laurent Belloni, who co-manages with Caroline Reyl the bottom-Lux Pictet Premium Brands Pictet Asset Management. "After a first and second quarter really negative, we have seen a containment of the losses in the third, but I think the real recovery will come from emerging countries," says money manager firmly convinced that the growth of purchasing power of Chinese and Russian will be a winning trend for the most famous brand. Belloni So much so that he goes to play their bets on the field: in the portfolio of the fund specialist next to LVMH, Polo Ralph Laurent, Christian Dior, Burberry and Tod's are too titles such as Ports design, the 'only company of pure luxury of' area, a sort of conglomerate, ranging from 'clothing (distributes brands such as Armani and Max Mara through a network of outlets in China) with a license of Ferrari or BMW, and is listed on the Stock Exchange of Hong Kong. Or as Banyan Tree, a company that produces and develops hotels, resorts and spas in private portfolios swollen in 'Asia Pacific.

confidence in the Far East is not new to the industry. A recent study by Boston Consulting group dedicated to the luxury market in China points out, in fact, that showcases the charm of 'high fashion have on the consumer Local. A consumer, including the 'other, more wealthy. For an elaboration of data supplied by banks almond-eyed, BCG experts have calculated that at the end of 2008, the Xinjiang province of Guangdong that had 460 000 households with assets over a million dollars destined to rise at 750 thousand by the end of 2011. Figures

still contained to the Great Empire, but very large when compared to France or the United Kingdom. And not surprisingly, continue to experts, in recent years have increased the openings of stores in the territory of the People's Republic of China, a Patek Philippe Cartier, including all world brands' s clothing. But the rest

del mondo come va?

"Se si guarda al made in italy, i numeri ci stanno dimostrando che la situazione è difficile, seppure in miglioramento rispetto all' inizio dell'anno" sintetizza Simone Ragazzi, analista che segue il comparto in Centrobanca." Si può direche ci troviamo in una fase transitoria".