Word: dubai
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With midterm elections approaching, no politician wanted to go home and explain to voters why a company controlled by the government of Dubai was taking over operations at six U.S. ports-without so much as a meow of protest from Congress. As it turns out, that won't be necessary. Dubai Ports World, the firm at the center of the controversy, announced today that it would give up its bid to manage U.S. ports, agreeing to transfer the contracts to a ?U.S. entity...
...Those who run Dubai's malls concede that their competition includes stores in Europe (but not the U.S.). "Our main competition is Knightsbridge and Selfridges," says Eisa Ibrahim, the general manager of the BurJuman mall. Yet back in the mid-1990s, when BurJuman was gearing up to open (it, too, is in the process of expansion), most luxury brands turned down retail space. Now, even space that won't be ready until 2009 is leased...
...après-ski plan includes an invitation to Burberry's store opening, where ceo Rose Marie Bravo surveys the crowd. "The consumer is so elegant here!" she says of the Dubai women outfitted in subtly customized abayas, designer handbags popped over their shoulder. "Aren't they gorgeous? They look stunning," Bravo continues. "They say, 'Well, you all wear uniforms in the Western world too,' and look at us," she says with a laugh, indicating how she and I are dressed. "They're right. We're in black as usual...
...this special supplement to TIME, we take an in-depth look at 21st century consumers around the world and their incredibly diverse shopping habits?from veiled fashionistas in the mega-malls of Dubai to eBay addicts who troll for Jimmy Choos. We also conducted an exclusive poll of American men and women about their shopping preferences. The most surprising statistic is not who most likes to shop but who will spend the most on a specific item...
...DUBAI Since the emphasis in this Persian Gulf city is on smoky eyes, NARS Night Breed shadow ($21) is a top seller...