The International Herald Tribune, had planned their annual luxury conference to take place in New Delhi between 3-4 December, due to the terrorist attacks they announced today it has been postponed and will advise of a new date in early next year.
The early reports coming out of Mumbai of these attacks appears to state that foreign tourists were the target, particularly British and Americans. The terrorist attacks have taken place in two luxury hotels, by all accounts these were coordinated attacks that occurred on Wednesday night 26 November in both the Taj Mahal Palace and Trident Oberoi. According to a report in today's WWD, "News reports said attackers had taken Americans and Britons as hostages, with the number of injured people estimated at 300. The terrorist attacks are sure to have a sobering effect on one of the world’s future growth markets for luxury goods. In recent weeks alone, Hermes and Christian Dior hosted glittering parties to fete their latest retail outposts."
As reported by Wall Street Journal online, "Mumbai's Taj Mahal Palace hotel, the epicenter of the attacks, is the most coveted retail address for luxury goods firms that are tapping into India's growing numbers of wealthy individuals. European brands Louis Vuitton, Bulgari and Fendi all have boutiques in the hotel, which was the target of various explosions, hostage-taking and a fire.
The Oberoi Trident Hotel, which was also hit, houses luxury brands including Salvatore Ferragamo. Some of Ferragamo's employees were being held hostage, the Italian fashion house said."