London Designers Seek To Defy Tough Markets With Luxury Pieces

government forced Defense Distributed to take the plans down. Wilson complied, but not before the design had been downloaded over 100,000 times. The V&A museum has two copies of the Liberator pistol on display as part of London Design Week. The two prototypes on display — one extant and one disassembled to show its components — are part of a new collection of 3D objects. According to the curators, the guns “represent a turning point in debates around digital manufacturing.” The Science Museum in London also has a Liberator on display. In an interview with CNN, Wilson said that he felt the museum’s curators appreciated the Liberator pistol as a design object, but also appreciated the political ideas the weapon conveyed. “The curators of the museum’s digital collection understand Liberator and our other pieces are first and foremost articles of political thought-practice,” Wilson said. I see digital manufacturing playing a bigger role in our lives Cody Wilson, 3D-printed gun designer Wilson says that in his view 3D printing is still in its infancy, and that it will become more significant in the future: “I see digital manufacturing playing a bigger role in our lives.” While he thought that the mainstream firearms industry is no longer as powerful as it once was, Wilson said he thought that the spread of weaponry will gradually increase, and that in future it will be easy for almost anyone to get a gun: “I think gun-making culture is on an understandable decline, but the barrier to entry to this culture will be lowered.” U.S. requires group to remove 3-D gun instructions from its website Considering it as a design object, Wilson believes that the Liberator’s unusual shape has been part of its success: “Looking back, I would change nothing of the design. It was curious, boxy, alien. Its strangeness allowed it a better examination — both as an article of design and as a concept.” The V&A’s newly acquired ‘Ear Chairs’ Alongside the 3D printed gun, the museum also acquired four other items which point to the future of design, including a homemade toaster constructed from odds and ends for just $6 and a futuristic armchair with elongated “ears” to create an artificial private space.

London shares fall as Lloyds drops on share sale

People walk in the foyer of the London Stock Exchange in central London on March 7, 2013

demand, while Japan is boosting spirits and balance sheets. “I think the customer is still there,” Mulberry Chief Executive Bruno Guillon told Reuters after the luxury label’s spring/summer 2014 womenswear show. “I think the customer is certainly focusing on quality.” In a lush garden setting in London’s exclusive Claridges hotel, Mulberry models wore colorful silk floral as well as sparkly sequined dresses, leather T-shirts, dark coats with pony-skin panels and silvery jacquard coats. The British luxury sector is forecast to almost double in size over the next five years, from 6.6 billion pounds in 2012 to 12.2 billion pounds in 2017, according to a Ledbury Research and Walpole Luxury Benchmark study published in July. Fashion contributes 21 billion pounds to Britain’s $2.5 trillion economy, British Fashion Council figures show, and, as the largest employer of all the creative industries, it supports around 816,000 jobs. “British brands developed very well recently – Burberry and Mulberry … stress a lot on British heritage and this is beneficial for the whole British luxury industry,” said Mario Ortelli, Bernstein luxury goods analyst. Bernstein expects the luxury industry to grow at six to seven percent a year, mainly driven by emerging markets. “Chinese consumers will not end their love for luxury goods.” MORE FOREIGN BUYERS At Burberry’s show on Monday, models wore pastel-colored lace dresses cinched with bejeweled belts, cashmere and suede coats, as well as trademark trenches. Chief Executive Angela Ahrendts said there were more U.S. and Asian buyers in town.

(AFP Photo/Leon Neal) 1 hour ago London shares closed lower on Tuesday as shares in Lloyds dropped sharply after the government offloaded a 6 percent stake in the state-rescued bank. The benchmark FTSE 100 index shed 52.69 points or 0.80 percent to close at 6,570.17 points. Investors banked profits from the previous day’s rally, overlooking a positive German survey to concentrate on happenings at the US Federal Reserve. European equities had rallied Monday, with Frankfurt’s DAX closing at a record-high 8,613 points, after former US treasury secretary Larry Summers withdrew from the race to chair the US Federal Reserve, raising traders’ hopes that a Fed stimulus wind-down would not be rushed. Lloyds shares sank 3.50 percent to 74.65 pence as UK Financial Investments (UKFI), which manages the government’s stake, said about A3.211 billion was earned from the sale of shares to institutional investors at 75 pence each. The government had said it needed 63.1 pence a share to break even following the bank’s hefty bailout at the height of the global financial crisis in 2008. The sale means the Conservative-Liberal Democrat coalition government’s stake in Llloyds shrinks to about 32.7 percent from 38.7 percent. The government is hoping to eventually recoup A20 billion of taxpayers’ cash ploughed into the group created by a merger of Lloyds TSB and rival British lender HBOS amid the crisis. Barclays fell 2.1 percent to 299 pence after the rival bank said it will refund about 300,000 loan customers for incorrectly charging them interest over the past five years. The errors could spark refunds totalling up to A100 million, according to The Times newspaper. “Barclays has proactively reviewed information it has historically sent to its customers relating to interest charges where we have found technical documentary errors,” the spokesman said.