The Japanese eat duck feet not duck lips, dragulous!!
'TOKYO IS LOSING ITS PRESTIGE:'
Versace is closing its stores in Japan. It's not like there are a truckload of them but just 3 total. And the Gianni Versace SpA group scrapped plans for the future store in Ginza.
“'The Versace boutiques in Japan no longer represented the brand image and it was felt to be more advantageous for the company to close them and start with a clean slate,' Milan- based Versace said yesterday in a statement. The fashion company has three stores in Japan, according to the Web site.
Versace, which entered Japan in 1981, is the latest brand to scale back operations in the country, as falling wages and job losses chill consumer confidence. LVMH Moet Hennessy Louis Vuitton SA said in December that it scrapped plans to open a store in Ginza, one of Tokyo’s busiest shopping districts.
'Tokyo is losing its prestige,' said Naoki Iizuka, a senior economist at Mizuho Securities Co. in Tokyo. Luxury goods makers see less need to sell their products in Tokyo with the increasing importance of Singapore and Hong Kong as financial centers, he said.
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