FT to host luxury summit in Las Vegas

The Financial Times said today it will host its second annual FT Business of Luxury Summit from June 5-6 at the Ritz- Carlton Resort in Las Vegas.The meeting will mark the first U.S. gathering under the FT’s planned series of annual conferences focused on the fast- growing $186 billion global luxury goods market. Last year, some 400 executives, investors, and securities and retail analysts attended the inaugural FT Business of Luxury Summit, held in Shanghai.

The 2006 Business of Luxury Summit, “The Rationalization of Luxury - New Business Models, New Strategies,” will feature a series of panel discussions and lectures focused on emerging business and marketing strategies now being utilized to build and support luxury brands. The agenda will include talks from an array of luxury brand leaders, including Robert Bensoussan, CEO of Jimmy Choo Ltd.; Jean-Claude Biver, CEO of Hublot SA; Alexander Bolen, CEO of Oscar de la Renta Ltd.; Patrick Bousquet-Chavanne, group president, The Estee Lauder Companies Inc.; Roger N. Farah, president and COO of Polo Ralph Lauren Corp.; Lew Frankfort, chairman and CEO of Coach Inc.; Christophe Navarre, chief executive of Moet Hennessy; Robert Polet, president and CEO of Gucci Group; and David Simon, CEO of Simon Property Group, Inc.

Some 350 people are expected to attend this year’s meeting, including senior executives, luxury consultants, brand experts, fund managers, M&A specialists, and securities and retail analysts. In addition to displays of the latest in high-end fashion, jewelry, luxury cars and electronics, the Summit will include discussion sessions on pricing, distribution channels, mass market competition, licensing practices and consumer demand measurement. Bain & Company, the global business consulting firm, will also present the findings of its recently completed Luxury Industry Survey. The Summit will officially open with a fashion show at The Forum Shops at Caesars on Sunday night, June 4.

“Given the success of last year’s Summit and our global editorial perspective, the FT is well-placed to bring together a range of experts and business leaders for a fascinating debate on the luxury goods industry,” said Lionel Barber, editor of the Financial Times. “The annual spend on luxury goods in the Americas is projected to grow some six percent annually through 2010(1). Obviously, much of that growth will come from the U.S., which is the world’s largest luxury goods market, followed by Japan and Italy.”

For more information and to register for the 2006 FT Business of Luxury Summit, visit http://www.ftbusinessofluxury.com/ . Media registration is also available via the website.
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