Markets remain largely paralyzed by what's going on in Europe. I actually just booked my summer holiday to France (Paris and Burgundy!) and fully anticipate the Euro will continue to weaken into the summer. Not trying to be too opportunistic (and certainly I am not making light of what are very painful economic times) but it's consensus that the Euro will slide further.
That said, I do plan on doing my part for the European economy and will flex some purchasing power when I visit. So I'm in save mode right now. Lucky for me, I live in HK where it's kind of easy to swerve shopping (my online vice is a different story!). I don't know why but unless you're in the market for a 5 carat yellow diamond or a blinged-out Van Cleef bangle, shopping here kind of sucks.
My friend recently relocated here from NYC and I had to break it to her. No we don't have Resurrection. No Intermix. Nope not even a Barney's equivalent! She was disappointed but lucky for her, our beloved Barney's has been saved and will be waiting patiently for her to bee-line it over to the 7th floor on visits back. Company was bought by Perry Capital avoiding bankruptcy and cutting their crippling debt burden by U$500m. For those who are cringing at the Wall Street connection and fear Barney's will now be stuffing their third floor with St. John pants-suits, Richard Perry is pretty shopping savvy. His wife Lisa is actually a clothing designer (and available at Barney's of course!). How cool would that be for Lisa? 'Hey honey, I saved Barney's.'
No comments:
Post a Comment