The test of any good business is how it performs in challenging times, and that applies to newspapers as much as to industries and banks. So it is not surprising that the world’s leading financial daily, the Financial Times, should put itself at the forefront of analysing the problems and challenges thrown up by the global economic crisis. The fifth FT Luxury of Business Summit, held on the 15th and 16th of June in Monte Carlo, brought together more than 350 business leaders and financiers for “what is now recognised as the premier thought-leadership forum in the luxury sector,” according to the paper.
The guest of honour for the Summit, HSH Prince Albert II, emphasised the duty of business and finance to take part in extremely salutary changes in our societies, to confront challenges that know no borders, and to change our relationship with nature. In particular, said the Prince, it is necessary to find alternative methods of production and to take a long-term view. Host for the event was John Ridding, the FT’s CEO.Read more