LUXURY

Liz Claiborne Changes Name to Focus More on Lucrative Brands

Liz Claiborne Changes Name to Focus on Lucrative Brands

New York-based fashion house Liz Claiborne Inc. has announced its decision to change the organization's name to Fifth & Pacific companies, to ensure closer ties on the three in-house lucrative lifestyle brands - kate spade, Juicy Couture and Lucky Brand.
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Champagne

Champagne resists crisis in 2011, outlook prudent

French champagne sales managed to weather the economic crisis in 2011, expecting to show 3.5 percent growth thanks to exports to the United States and emerging countries, but a slowdown is in sight, the champagne trade association said on Monday.
Aston Martin

India's flashy new rich drive luxury car boom

From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India's luxury car market as roaring sportscar engines announce the country's growing wealth on its roads.
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Paul Smith Profit up by 31 Percent Despite Economic Turmoil

Couture designer Paul Smith has reported an increase in pre-tax profits of 31 percent despite the economic downturn. As per the accounts filed in the Company House, the pre-tax profits rose from £20.9 million a year previously to a current £27.4 million.
Abstract Expressionist Helen Frankenthaler Dies at 83

Abstract painter Helen Frankenthaler dies at 83

U.S. painter Helen Frankenthaler, who poured thinned pigments directly onto untreated canvas to create ethereal fields of color seen as seminal works in the development of abstract expressionism, died at her home in Darien, Connecticut, on Monday evening at the age of 83.

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