SOURCE: Thomson Reuters Corporation

Thomson Reuters Corporation

May 22, 2011 21:00 ET

Reuters Global Luxury and Fashion Summit -- 23-25 May 2011 -- Some of World's Leading CEOs in Luxury Goods and Services Discuss What's Ahead With the Sector

REUTERS NEWS ADVISORY Week of May 23, 2011

ATTENTION: Luxury, Retail, Fashion and Business Reporters

Reuters Global Luxury and Fashion Summit in Paris, New York, London and Hong Kong Begins

Continuous Coverage Available on Reuters.com/summits

Follow Us on Twitter@Reuters_Summits

NEW YORK, NY--(Marketwire - May 22, 2011) - Some of the world's leading names in fashion and luxury goods and services will visit the Reuters bureaus in New York, London, Paris and Hong Kong from May 23-25 to discuss the outlook for the sector in a series of exclusives interviews. The stories and videos from the closed on-the-record sessions at the Reuters Global Luxury and Fashion Summit will be posted online at http://www.reuters.com/summit/GlobalLuxury11.

The luxury goods industry has rebounded faster and more strongly than many expected after the sharp spending downturn of 2009 with analysts forecasting 2011 to be another record year, particularly for watchmakers, luxury hotels, fashion and leather goods groups.

Much of the stimulus is coming from China but also from strong tourist inflows into Europe and the United States. This month, U.S. consultancy Bain raised its 2011 growth forecast for luxury sales to 8 percent, up from a previous target of 3-5 percent at constant currencies. The upbeat outlook is all the more surprising as many luxury executives expected Japan's earthquakes and nuclear crisis to impact their global sales.

As a result of stronger than expected demand, luxury goods makers are grappling with materials and staff shortages -- issues which will be discussed at Reuters' third edition of the Global Luxury and Fashion Summit. Other themes include the challenges of doing business in China, rising raw material prices, ageing models selling the eternal youth message, Brazil the next big engine of growth after China, the changing face of the men's luxury goods market and how many outlet stores are too much for luxury retailers.

Top names in the luxury sector will take on these key topics and more at the Reuters Global Luxury and Fashion Summit, which will generate exclusive stories and investable insights, as well as online videos and blog postings. These can be seen at: http://www.reuters.com/summit/GlobalLuxury11

Guests speaking at the Reuters Global Luxury and Fashion Summit will include:

New York

  • Harry Winston CEO Frédéric de Narp;
  • Saks CEO Steve Sadove;
  • Neiman Marcus Group CEO Karen Katz;
  • Starwood Hotels & Resorts CEO Frits van Paasschen;
  • Rent the Runway Co-founder and President Jennifer Fleiss;
  • Rent the Runway Co-founder and CEO Jenn Hyman;
  • Esplanade Capital President and Founder Shawn Kravetz;
  • Coach CEO Lew Frankfort;
  • Georg Jensen CEO Ulrik Garde Due;
  • Marriott International COO Arne Sorenson;
  • Strategic Hotels & Resorts CEO Lawrence Geller;
  • Moda Operandi CEO Aslaug Magusdottir;
  • Coty CEO Bernd Beetz;

Paris

  • Designer Diane von Furstenberg;
  • L'Oreal Head of Luxury Division Nicolas Hieronimus;
  • Lamborghini CEO Stephan Winkelmann;
  • Barbara Bui CEO William Halimi;
  • Le Printgemps CEO Paolo Cesare;
  • Cerruti CEO Florent Perrichon;
  • Quinting Manufacture d'Horlogerie President Pascal Berclaz;
  • Zadig & Voltaire CEO Thierry Gillier;
  • Le Bristol CEO Didier Le Calvez;
  • Parmigiani Fleurier CEO Jean-Marc Jacot;
  • Swiss & Global Asset Management Fund Manager Scilla Huang Sun;
  • YOOX CEO Federico Marchetti;
  • Carven CEO Henri Sebaoun;
  • Societe des Bains de Mer de Monaco Chairman Bernard Lambert;
  • Corum CEO Antonio Calce;

London

  • Roberto Cavalli CEO Gianluca Brozzetti;
  • Theo Fennell Creative Director and Founder Theo Fennell;
  • Walpole Deputy Chairman Guy Salter;

Hong Kong

  • Shiseido President and CEO Hisayuki Suekawa;
  • Trinity Group Managing Director Sunny Wong;
  • Sotheby's Director of China and Southeast Asia and Head of Watches Department Vanessa Herrera; and
  • Chow Tai Fook Group Branding Director Alan Chan.

Reuters Summits bring together top executives from key industries in exclusive sessions with Reuters News global teams of specialist journalists. During the course of Reuters Summits, exclusive news stories and video interviews are posted on Reuters.com, providing valuable insight into specific companies, business sectors, and economies.

PRESS COVERAGE:

Reuters Summits are roundtable interviews, not conferences, and are closed to other media attending. Media wishing to use interview text, video and audio can use Reuters News material with proper attribution to the Reuters Global Luxury and Fashion Summit, with 'told Reuters' in second references.

For continuous coverage of this summit, click here: http://www.reuters.com/summit/GlobalLuxury11

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Contact Information

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    Reuters News
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