Couromoda goes far beyond its role as a major trade fair for footwear and leather goods; it is a major player in the Brazilian and Latin American footwear market, making itself felt on the global stage.
U.S. online spending rose 5 percent to $27.12 billion from the start of November through Christmas Eve even though individuals spent slightly less than they did last year, according to data released by comScore.
Cost control is likely to remain the mantra of European companies next year, as the strength of economic recovery is tested by governments withdrawing stimulus measures to repair national balance sheets.
French luxury goods maker LVMH expects strong growth for its watches and jewellery in China next year, as it seeks a stronger foothold in the country's third-tier cities, the North Asia head of the company's watch and jewellery unit said.
What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.