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How luxury brands should target India’s super-rich
India continues to be the bright spot in the global luxury market so much that many luxury car brands are increasing prices across the board in what seems to be a makeup for slumping Chinese sales. Our...
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Luxury market still alive in China
China’s slowing economy, falling share prices and Beijing’s anti-corruption campaign are all heavy blows to the country’s luxury goods market. Chinese consumer spending on luxury goods declined 2% on...
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US Blackstone to sell luxury hotels to Chinese group
US investment company Blackstone Group is close to selling a portfolio of American luxury hotels to China’s Anbang Insurance Group, news reports said today. Blackstone’s deal to sell its stake in...
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Now, start-ups create market for pre-owned luxury items
Mumbai, March 14: Luxury brands may not get enough traction through e-commerce sites but there seem to be enough takers for pre-owned luxury goods. New start-ups Envoged, Luxepolis and Confidential...
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China’s Affluent Spend More on Experiences While Luxury Shopping Remains...
While Chinese luxury consumers still love to shop for their Chanel and Hermès handbags, a new report finds that they’re continuing to allocate a growing portion of their leisure spending to luxurious...
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Diverse Miami Retail Scene Continues to Attract Luxury Brands
Everybody wants a piece of the Miami luxury market. Aventura Mall, the third-largest shopping center in the U.S. with 2.7 million square feet, has been adding luxury brands to its mix. Givenchy and...
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Luxury jeweler Tiffany’s profit beats estimates as costs fall
Upscale jeweler Tiffany & Co (TIF.N) reported a better-than-expected profit for the holiday quarter as it raised prices and benefited from lower prices of diamonds, gold and silver. Shares of the...
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Ferrari signs preliminary deal for China theme park
Ferrari announced on Thursday that it had signed a memorandum of understanding with two Chinese companies to build a theme park in China. The non-binding deal with Beijing Automotive and Biac...
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Bang & Olufsen in Talks to Be Bought by China’s Sparkle Roll
Bang & Olufsen A/S, the Danish maker of luxury consumer electronics, is in talks to be bought by its Chinese distribution partner Sparkle Roll Group Ltd. for an undisclosed amount. Sparkle Roll,...
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Mainland Chinese consumer confidence tops that of Hong Kong peers: report
Image courtesy of Peninsula Hotels Consumer confidence in Mainland China is showing signs of growth, while Hong Kong consumers are expected to be more conservative in their luxury spending, according...
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Birkin bags and silk scarves set Hermes sales on fire
Hermes, the makers of the iconic Birkin bag and silk scarves, defied expectations and beat profit forecasts in 2015. The luxury goods maker said in its 2015 results statement that sales in Europe and...
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London Luxury Quarter boasts strongest retail sales in Western Europe: report
London is home to more luxury retailers than any other European city, making the capital of the United Kingdom attractive for brands looking to cement a bricks-and-mortar presence in a strong market....
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Luxury Fashion and Jewelry Brands Dive Into China’s Hospitality and Real...
Facing a slowdown in China’s luxury market, many luxury brands are diversifying their portfolios in a variety of ways. They’ve not only been opening cafes and restaurants to complement their shops in...
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50pc of Chinese consumers seek best, most expensive product: McKinsey
Chinese consumers are becoming more selective in their purchases, trading up from mass to premium labels as their confidence grows. A new McKinsey report, “The Modernization of the Chinese Consumer,”...
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Searching for a good deal? Try Russian stores
The dramatic fall in the ruble’s value over two years has made shopping in Russia lucrative and advantageous for foreigners: iPhones, luxury brands and even cars are cheaper here. What are tourists...
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Paris is top luxury shopping destination for Chinese consumers
PARIS, March 31 ― Paris is set to overtake Hong Kong as the destination of choice for Chinese consumers snapping up luxury goods. According to a report prepared by the Boston Consulting Group, more...
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Inside the Future of Luxury – The direction of luxury consumers and experiences
Guy Bentley, CEO Worldwide of Glion Institute of Higher Education recounts his experience at the recent “Inside the Future of Luxury” panel held recently in London and dissects discussion outcomes on...
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Sotheby’s Hong Kong Defies China Luxury Slowdown with Strong Auction Season...
Despite worries of China’s economic slowdown hitting Chinese demand for art and luxury goods, art is still serving as an alternative asset for China’s rich as they avoid the shaky domestic stock...
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China remains world’s largest luxury goods market
According to a Xinhua report, China looks likely to continue to make up for the weaker demand elsewhere. Chinese shoppers currently account for nearly half of the global luxury market, providing an...
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Dubai tops region’s luxury shopping cities for rich & famous
Global economic uncertainties haven’t had much of an impact on the region’s top spenders – and now there is data to back that fact. New research shows that the region’s consumer went full speed ahead...
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