Printemps’ flagship Paris department store says it is set to reap the benefit of a $105 million refurbishment and a new luxury strategy as it kicks off the Christmas season. The retail chain’s chief executive, Paolo de Cesare, told Reuters on Thursday he was “optimistic” about holiday trading at a time when French consumers are still showing signs of caution. “Summer was difficult, but I see now customers coming back,” said de Cesare. “In the end there is the spending power, and consumers are ready to invest where they find the right opportunity.” – from Reuters
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.