Daily Archives: November 2, 2012

Just as luxury brands across the board, from Mulberry to Louis Vuitton to Zegna, start acknowledging the slowdown in sales in China, the erstwhile engine in luxury’s global growth, another emerging market has – well, emerged, to take its place. Enter India! According to a very interesting podcast from Euromonitor, the growing number of high net worth individuals on the subcontinent, combined with new government regulations and Bollywood, are creating perfect storm conditions for luxury. Yet I don’t really feel blown away.

Vince Cable will on Friday throw his weight behind an industry-led scheme to resurrect the UK textile industry by creating up to 200,000 jobs in the next five years, in what could turn out to be a prime example of manufacturing “rescoring”.

The business secretary will lend support to a plan to open clothing plants in the UK to exploit retailers’ desire to shorten their extended supply chains by replacing at least some of their Asia-based production.