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Market Watch
May 15 - 22, 2007

Good News For Grads: 1 out of 3 Americans Will Purchase At Least One Graduation Gift

WASHINGTON DC, May 22, 2007 / --- Consumers are ready to shower their grads with gifts. According to a BIGResearch survey for the National Retail Federation, Americans will spend approximately $4.5 billion on graduation gifts this year. [more]

Versace/TAG Aircraft Interiors Lands First Interior Design Project for Airbus A319 Corporate Jet

DALLAS, May 21, 2007/ --- During the 29th International Furniture Expo in Milan, Giancarlo Di Risio, CEO of Versace said, ‘I believe that today, lifestyle is important. It is no longer [just] expressed with handbags or shoes. You express this with your travels, with your car or helicopter [or private plane]. You express it in 360 degrees.’ [more]

LVMH Acquires Majority Stake in Chinese Distillery Business

PARIS, May 19, 2007/ --- Wednesday, LVMH announced that its wines and spirits division Moet Hennessy has acquired 55% equity investments in Wen Ju Distillery, one of China’s premium white spirit companies. [more]

PPR On The Verge of Acquiring 100% of PUMA

PARIS, May 18, 2007, 2007/ --- As announced last month after PPR acquired 27.1% of PUMA share, the French conglomerate is readying its bid to purchase the remaining PUMA shares for 5.3 billion euros. [more]

Stella McCartney Signs Long Term Distribution Agreement For Asia with Lane Crawford Joyce Group

DALLAS, May 16, 2007 / FW/ --- Stella McCartney will soon be available in Asia as the London-based designer signed a long term agreement with Lane Crawford Joyce Group for exclusive distribution rights to the Stella McCartney brand in China, Taiwan, Hong Kong, Macao, Singapore, Thailand, Malaysia and Indonesia. [more]

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