In Luxury…Small Can be Beautiful
As luxury-goods companies such as LVMH Moet Hennessy Louis Vuitton SA struggle to reconcile their global presence with an exclusive cachet, the shoemaker to tennis champ Rafael Nadal says it’s benefiting from being small, Bloomberg News reported.
Sales of Corthay shoes, which can cost more than $10,000 for a bespoke pair, are growing “very strongly’” as wealthy shoppers increasingly seek rare and refined products, said Xavier De Royere, the French company’s chief executive officer.
The shoemaker, founded in 1990 by Pierre Corthay, operates six stores in Europe, Asia and the Middle East and also sells its colorful footwear in retailers including Saks Inc. Prices for ready-to-wear models such as the Casanova Oxford start from about $1,500. The company has about 500 clients for its bespoke shoes, including Nadal and actors Clive Owen and Cate Blanchett.
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Photographer: Kosuke Okahara/Bloomberg
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