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July 24, 2015 LUXURY

Krug turns the “humble” into sophisticated in potato cook-off

I say potato, you say potato LVMH-owned Champagne house Krug is having international chefs say potato with a culinary challenge. Krug has recruited 15 world-renowned chefs to pair its Grande Cuvée Champagne with potatoes in creative and innovative ways. Krug often emphasizes that its Champagnes pair well with a variety of foods such as lobster and even traditional pub grub, fish and chips. Start your fryers The 15 chefs taking

July 24, 2015 LUXURY

Luxury’s slowed growth forecast: How brands can come out on top

Patrick Lorentz is strategy director at The O Group By Patrick Lorenz The Boston Consulting Group recently announced its prediction that luxury sales growth will slow to single digits over the next 10 years. Strong sales figures from China have played a huge part in the industry’s near double-digit growth year-over-year for the past decade. With Asian luxury consumers reeling in their spending, and luxury consumers holding steady throughout the

July 24, 2015 LUXURY

EU fashion sector sees sales loss of 9.7pc due to counterfeiting

Gucci fall/winter 2015 campaign Each year, more than $28.5 billion in profits is lost in the European Union due to counterfeit apparel and accessories, according to a new report by the EU Observatory. The “Quantification of IPR Infringement” report, which looks at the cosmetics and personal care sector as well as apparel and accessories, dissects the economic impact counterfeit goods have on employment in intellectual property rights intensive industries and how

July 24, 2015 TECH (MSM)

Phone Week: Do you really know everything your phone is tracking on you?

Your mobile phone already knows where it is, how you’re holding it, what you’re saying to it and how fast you’re moving. Yet with significant improvements in mobile sensor technology just around the corner, this is only the beginning chapter in the era of self-aware devices and continuous data logging. There’s much more to come. We’re now used to phones and tablets recognising when they’re being held upside down and

July 24, 2015 MONEY (MSM)

Clinton would double capital gains tax on short-term investments: WSJ

Democratic presidential candidate Hillary Clinton will propose nearly doubling the U.S. capital gains tax rate on short-term investments to 39.6 percent, the Wall Street Journal reported Friday. A Clinton campaign official said the plan would affect investments held between one and two years, which are currently taxed at a 20 percent capital gains rate, the newspaper reported. Clinton, the front-runner for the Democratic Party’s nomination in the November 2016 election,