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Neiman Marcus is Luxury Daily’s 2015 Luxury Retailer of the Year
Department store chain Neiman Marcus is Luxury Daily’s 2015 Luxury Retailer of the Year for its embrace of digital and cross-channel marketing, particularly its introduction of innovative digital...
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Ferrari to add luxury goods, more theme parks
Ferrari will become a stand-alone company by Tuesday, ending Fiat Chrysler Automobiles’ major stake that dates to 1969, when Fiat bought half of the financially struggling racing and sports car...
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Chanel opens second boutique at Heathrow, London
Chanel has opened its second store at London Heathrow Airport, at Terminal 5 – the other store operates at Terminal 3. The 288sq m space was conceived by New York-based architect Peter Marino, who...
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CPP-Luxury.com’s China luxury outlook for 2016
2015 was a rough one for luxury brands globally but China’s double whammy of government intervention and the realities of a weakening economy have hurt many luxury categories and brands. But the news...
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Luxury brands make cautious entrance into Chinese ecommerce: report
A number of luxury brands have launched ecommerce sites in China within the past year, but online shopping still feels like risky business to many of the country’s consumers, according to a new report...
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Indian luxury market to cross $18 bn by 2016: Assocham
With increasing brand awareness amongst the Indian youth and purchasing power of the upper class in tier II and III cities, Indian luxury market is expected to cross $18.3 billion by 2016 from the...
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Miami, the driver for the U.S. luxury market
According to Cushman & Wakefield’s December 2015 Business Briefing on Miami, a booming tourist industry, the growing Millennial population, and urban revitalization have driven the city’s rapid...
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Luxury Watch and Jewelry Brands Jump on China E-Commerce Bandwagon
While many high-end brands remain wary of selling their items online for fear of diluting their image, a growing number of watch and jewelry labels are diving into China’s booming e-commerce market. In...
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Market turmoil in China: What’s in store for 2016?
Dior store in Chinese shopping mall It was a tumultuous start to 2016. As the week began, amid a sudden devaluation of the RMB, the Chinese market plunged 7 percent, triggering a market suspension....
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Luxury goods emerge tentatively from long Chinese freeze
Worries about Chinese growth have bedeviled stock markets as 2016 gets under way but, for the luxury goods sector at least, there has been some better – if not stellar – news from the world’s second...
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Don’t write off Chinese demand for luxury fashion
Have the Chinese fallen out of love with luxury brands? The answer is a fairly emphatic no from UBS, which became the second major bank this week to suggest concerns about ebbing spending on luxury...
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Luxury in India: Top 10 trends for 2016
Abhay Gupta is founder/CEO of Luxury Connect and Luxury Connect Business School The Indian luxury landscape is experiencing strong evolutionary undercurrents that are redefining the consumer profile...
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Chinese New Year do’s and don’ts for luxury brands and retailers
Holiday’s such as the Chinese New Year are a boon to luxury brands especially when giving shiny gifts is the core activity. Taking it one step further, many companies release limited edition models and...
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Our man on the ground: Abhay Gupta fills us in on the booming India luxury...
It’s been a high speed gravy train for luxury brands in Asia over the last 20 years or so with major props going to the newly affluent in China for driving most of that boom. Unfortunately, China has...
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Chinese Investors to Finance Airport, Luxury Hotels in Bulgaria
Chinese investors plan to spend about 270 million euros ($294 million) to build a cargo airport near Sofia, and develop luxury real estate to meet demand for seaside resort properties as Bulgaria’s...
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Apple Watch Dethrones Rolex in Luxury Brands Ranking
As any beneficiary of today’s Twitter beef culture will tell you, there’s no such thing as bad press. This appears to especially true for Apple’s mildly controversial smartwatch, which has just edged...
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Year of the Monkey a positive sign for Chinese tourism spend
Despite fears of an economic slowdown in China, the devaluation of the yuan, and stock market turmoil making headlines throughout January, market research firm GfK has forecast the number of Chinese...
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Russia’s Crisis Produces Paradox: Surging Luxury Car Sales
MOSCOW—As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads. It seems something of a paradox; while mass-market car sales in the country have...
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Chinese New Year: Lucky for Luxury?
To celebrate the Year of the Monkey, users of Chinese social network WeChat will be able to open sparkling virtual Burberry gifts and send personalized Burberry messages. Lunar New Year is always a...
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Russia’s luxury flagship store turns to Chinese spenders
Framed by Swarovski crystal figurines and crocodile skin-clad smart phones, sales promotions at Moscow’s exclusive TsUM department store are being publicized in two languages: Russian, of course, and...
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