Asian acquirers, Outsourcing truths, Saks shares surge on bid talk, Boomers get social, McQueen memorial

MCM's Boston bag | Source: MCM

Relocated labels (FT)

“From individual consumers of luxury goods, the Chinese and Indians have become consumers of luxury companies, in a shift that has far-reaching implications for the $80bn (€63bn, £52bn) a year industry.”

When luxury brands outsource, should they tell? (Today)

“Italy’s Parliament has passed a law that [requires] manufacturers be able to prove that their products were primarily made in Italy and, if any part of the work was carried out elsewhere, a traceable location must be shown.”

Saks shares surge on report of possible buyout bid (Reuters)

“Saks Inc shares surged 22 percent… after a published report that a group of private equity firms may soon launch a bid for the New York-based luxury department store operator.”

Boomers and Zoomers: The Social Web Grows Up (Brand Channel)

“As Boomers continue to age, their social media skills are ripening. The latest Pew Internet survey reveals that social networking among Internet users in the 50+ segment nearly doubled, from 22% in April 2009 to 42% in May 2010.”

Memorial service at St. Paul’s for Alexander McQueen (Telegraph)

“The late, great British designer, Alexander ‘Lee’ McQueen, will be remembered at a Memorial Service, at St Paul’s Cathedral, on September 20th, during London Fashion Week.”