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India emerging as the next hub for international brands
Luxury brands like Gucci, Dior, Zara, Armani have already captured the high-end market in India. Today, the Indian market is flooded with goods from all across the world. Giving tough competition to...
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Breitling sold to private equity firm CVC Partners
Swiss luxury watchmaker Breitling has been sold to CVC Partners, the private equity group revealed Friday. CVC announced in a statement in London that it will purchase a majority 80-percent stake in...
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Report: Brands Need to Innovate to Cater to ‘Established’ Chinese Luxury...
Gucci’s new design aesthetic by creative director Alessandro Michele represents a “make-or-break full blast” approach to innovation, according to a report by Exane BNP Paribas. (Shutterstock) From...
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Monaco offers world’s priciest luxury housing
Premium accommodation in Monaco has become the most expensive housing in the world, as it follows from a report by Savills international real estate agency. In 2016, the average price of premium...
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Experiences, not products, count for luxury consumers
People walk by Ralph Lauren’s store in New York. Chinese consumers spent less on luxury items as tourists in 2016.(AFP) They purchased more luxury goods at home than abroad in 2016 All businesses go...
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Coach to Buy Kate Spade for $2.4 Billion
Coach will pay $18.50 in cash for each Kate Spade share — an increase of nearly 30% from where the stock was trading prior to rumors of a sale. Coach said it expects the transaction to close by the...
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With Lacoste, Mont Blanc, socialist Cuba has 1st luxury mall
People look at the storefront window of a luxury store at the Manzana de Gomez Kempinski five-star hotel in Havana, Cuba on Monday, May 8, 2017. (AP / Ramon Espinosa) HAVANA — The saleswomen in...
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LVMH to launch fashion multi-brand online store
LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world’s biggest luxury goods group steps up the digital side of its...
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An old Rolex makes a new record
Makers of luxury watches face a grim reality. Affluent millennials prefer the capabilities of smartwatches and companies like Apple and Samsung have done a great job of consuming valuable market share...
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Buoyant growth returns across the world, lifting luxury industry
A rise in import duties in luxury goods has lead to more Chinese consumers choosing to buy at home © Bloomberg China and high-income economies are vital to the designer goods market The global economy...
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Global Powers of Luxury Goods 2017
The world’s 100 largest luxury goods companies generated sales of US$212 billion in FY 2015, as consumers in emerging markets continue to drive luxury market growth. The fourth annual Global Powers of...
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Luxury brands step up digital strategies
Gucci Spring Summer 2017 ad campaign Luxury brands are working harder than ever to get their online product and pricing strategies right with major change in the past year as more of them wake up to...
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These 6 Chinese Brands Made Deloitte’s Luxury Goods Power List
Image via Chowtaifook.com Six luxury brands from China have made the “Global Powers of Luxury Goods 2017,” the list of the world’s top 50 luxury goods firms, which was just published by consultancy...
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The New Face of Luxury: Maintaining exclusivity in the world of social influence
For some time, the mass market appeal of social media seemed to be in contradiction to the privacy and exclusivity of the luxury industry, creating understandable caution among luxury brands. But with...
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Luxury Goods Market Will Return to Growth in 2017, Bain Report Says
A luxury shopping mall in Milan. Bain & Company expects annual sales for personal luxury goods, which include high-end fashion, handbags and jewelry, to total more than $312 billion by 2020....
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Luxury goods industry to rebound on resurging consumer confidence
© Sergei Karpukhin / Reuters The global luxury goods market will return to growth this year, rising to as much as €259 billion ($290 billion); showed a study by consultancy group Bain & Co....
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Earnings of luxury retailers could double in 2017
Hermes Maison Shanghai High-end retailers’ earnings growth could nearly double in 2017, but is unlikely to return to the double-digit levels achieved in the 2010-13 period, wrote Moody’s Investors...
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Chinese Millennials Are Still Coming to Paris, But How Do They Shop?
Chinese shoppers at Merci. (Courtesy of The Chinese Pulse) Paris is no doubt a dream destination for many affluent Chinese shoppers for its historic connection to the iconic luxury fashion houses. But...
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Europe, the fastest growing luxury market in 2017
Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 percent at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the United...
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Middle East Market Represents The Biggest Opportunity For Luxury Brands
No less than 70% of consumers in emerging markets have spent more on luxury brands during the past five years. Photo: Shutterstock Emerging consumer markets like the United Arab Emirates, China and...
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