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Chinese luxury spending to double
CHINESE consumers’ spending on luxury goods is set to double to 1 trillion yuan (US$147 billion) by 2025, or 37 percent of the overall global luxury market, McKinsey said in a report yesterday....
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Luxury Spending To Double in China Over Next 10 Years, Says McKinsey
Image via Shutterstock Affluent Chinese consumers are projected to make up to 44 percent of the global luxury consumption across the globe by 2025, according to McKinsey & Company. This would...
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Yves Saint Laurent expects to double revenue the in mid-term
Yves Saint Laurent expects to nearly double revenue in three to five years while boosting profits, adding to its recent strong growth, the company said on Monday. Francesca Bellettini, president and...
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The challenges facing France’s luxury market
CELINE store Avenue Montaigne, Paris France was the world’s sixth largest economy in US$ terms in 2016 and its luxury goods market currently stands at number four in the world reaching just over US$22...
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Exclusive UHNWI Analysis: The World Ultra Wealth Report 2017
The fifth edition of this flagship report analyses the state of the world’s ultra high net worth (UHNW) population, or those with $30m or more in net worth, and this year revealed global growth of...
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India’s luxury market to grow to $100 billion in 8 years
The Oberoi Udaivillas The luxury sector is expanding rapidly in India with the market forecast to grow from its current $7 billion to $100 billion in just eight years, India’s Commerce and Industry...
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Luxury Life: Time really is money
The term jet set was coined in the 1950’s and was used to describe wealthy individuals who would ‘jet’ from city to city partaking in whatever luxuries the current locale could offer. The term still...
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Differences in digital luxury retail today
4 Big Changes Happening in the Digital Retail Today Digital transformation has been the most common concept in the 21st century with the retail industry being among the leading industries that have...
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How China’s Mobile Payment Craze Will Affect the Future of Global Luxury...
Photo: Shutterstock. There is little doubt that China has taken a leading position in transitioning toward a cashless and digital society. Thanks to the swift development of mobile payment solutions...
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Tiffany & Co opens in Milan largest store in Europe
Tiffany & Co has recently opened its third store in Milan – the largest in Europe. The new store which is located at Piazza Duomo covers 1.000 sqm spread overs 2 floors. The store features the...
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Luxury Brands Need to Embrace These Digital Engagement Tactics or Become...
There’s no doubt that the luxury industry relies heavily on tradition, from reputation to tried and tested production methods and a certain level of service which resonates with customers willing to...
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Here’s the hierarchy of luxury brands around the world
Brands are the best way to show off wealth, and there is a flood of new millionaires around the world who like showing off. “The brands bought are actually more important than the level of money...
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The Ultra High Net Worth and Social Media
Facebook usage has dropped among high net worth investors but usage of LinkedIn and Twitter has increased, according to a Spectrem Group study. According to a study of investors with a net worth...
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Luxury brands look to Australia: 50 different retailers are considering...
International luxury and premium brands are eyeing off Australia as a prosperous market, with experts believing the local luxury goods market could become more similar to Europe’s in the coming years....
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Sky-high demand for private jets as wealthy shoppers fly to London
Private jet operator GlobeAir has seen demand for London flights soar as wealthy shoppers eye luxury goods made cheaper by the Brexit-hit pound. The Austrian-based carrier said flights to the UK...
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India’s luxury market driven by great Indian middle class, not the super-rich
Hermes store Mumbai Decoding Luxe is a new book by Mahul Brahma which challenges popular misconceptions and exposes certain unconventional and counter-intuitive realities about the luxury market in...
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Rise of the Australian Plastic Surgery Industry
Some time ago, medical professionals noticed that the number of patients opting for elective plastic surgeries is rising and that this industry is in demand. The trends in plastic surgery are...
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LVMH revenues up 15% in the first half of 2017
Louis Vuitton Jeff Koons Collaboration World’s largest luxury group LVMH posted a 15 % increase in registered revenues in the opening six months of 2017, boosted by “outstanding momentum” at Louis...
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LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Louis Vuitton store on the Champs-Élysées, Paris | Source: Shutterstock Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods...
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China leads in global luxury consumption
“Chinese people now have more channels to purchase luxury goods, like overseas travel and e-commerce platforms.” (Reuters) Buying luxury items is becoming the choice for an increasing number of...
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