Luxury Report - How the Butlers & Maids employers see things. This luxury retail sector vertical integration gives the big power brands greater quality control, over the whole production and POS process. There is still huge pride in the way things were made & finished, a whole industry of skilled artisans, a mere 50 years ago. Fashion shows wealth and status in the office, while it appreciates; Investors bid up the prices of safe-haven assets, like couture, bespoke and high fashion, born of a desire to increase competence of the product as a precious manufacturing tool. Theres a scarcity of premium raw materials in many areas; companies that own their suppliers, are in a stronger position. We will continue to be in a disinflationary environment for some time & interest rates will remain low, till 2016. More UK monetary stimulus will probably push asset yields higher still. The luxury retail narrative, the back-story of manufacture, aid sophisticated clients, to develop their know-how of high-end goods. In relation to global growth...lead indicators in China and America are falling & the pace of recovery will moderate as the inventory cycle turns downwards. Governments around the world, with few exceptions, have to tackle high deficits, reduce the high debt/GDP ratios. Companies will continue deleveraging and consumer households will restrain their spending, all of which means, a tendency for slower growth & stagnant to slowly rising inflation.
Posted on: Fri, 25 Oct 2013 15:31:57 +0000
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