investors hunting luxury brands cheaper in Europe

Investors in emerging markets are cheaper for luxury brands in Europe, hunting, as the economic crisis pushed down reviews, Kuwait Sheikh luxury retailers Majed Al-Sabah, told Reuters. With respect to spread across the economy, resilient to the luxury industry, analysts expect luxury asset prices down. "The whole of Europe is for sale. L'Europe is a good deal," Al-Sabah, a member of the board of Kuwait Tamdeen first real estate group, said at the presentation of his collection of perfumes before TFK week Fashion in Milan on Tuesday. July sales of private equity company Permira Valentino fashion house of the royal family of Qatar is estimated at about 700 million euros ($ 909 million), or 2.2 times sales history, in line with the average of the luxury segment. In 2001, LVMH acquired the stake in Fendi Prada 1.2 billion euros, or 4 times the sales history. "Those days are over," Al-Sabah added that investors are looking for real estate opportunities such as luxury resorts. As consumers become more affluent move assets to the purchasing experience, international experts gather in the luxury market Ledbury Research in a report. Experiential Luxury is more than half of the luxury spending in most countries, including emerging markets, according to the Boston Consulting Group. Those with more than $ 1 million of assets represent 37 percent of their assets in real estate, 18 percent in cash and 17 per cent of the shares this year, said Ledbury. However, lower valuations independent European brands encourage investors to stay ahead. Roberto Cavalli and Versace family groups said they would take into account a sale only at the right time and conditions. The designers also fear losing their independence. "I want a partner, but the law," the Italian designer Antonio Berardi, who shows his collections in London, told Reuters the Fashion Week in Milan said on Friday. Al-Sabah, a member of the Kuwaiti royal family and the first American brand Ralph Lauren and Donna Karan bring in Kuwait in the 90s, said he was not looking for an acquisition, but preferably, develop local brands in the Middle East. He said he was working on a new concept store called luxury services in Kuwait. To launch "The Exhibition Hall" in 2014, the art and fashion stocks were the same space. The project includes the former CEO of the Gucci brand Giacomo Santucci architect Rem Koolhaas and Prada have worked.