Clik here to view.
Millennials active luxury buyers, but spending power lies in older generations
Ralph Lauren Collection spring/summer 2016 ad campaign While millennial consumers have the weakest buying power, they are the most likely of any adult generation to have purchased a luxury good or...
View ArticleClik here to view.
China’s luxury market – has the golden goose lost its luster?
There’s no question that China – once regarded by luxury goods manufacturers as the ‘golden goose’ of retail, has lost some of its luster. Much has been said about the reasons – from China’s slowing...
View ArticleClik here to view.
Luxury goods spending by Chinese tourists down 24 pct in March – Global Blue
Spending on luxury goods by Chinese shoppers abroad fell last month for the first time since such records began in 2010, leading to the worst ever monthly result for the luxury goods industry’s tourist...
View ArticleClik here to view.
Down market blues: A case for bringing luxury to the masses
The luxury market is lucrative for many reasons. Increased brand prestige and desirability means more opportunity for higher margins and your accountant will agree that leads to a bigger bottom line....
View ArticleClik here to view.
Ferrari Goes Into Reverse
Ferrari NV’s ambition to compete with luxury-goods brands like Hermes or Prada has failed to make headway in the six months since its initial public offering, raising pressure on the new board to reset...
View ArticleClik here to view.
Mercedes Overtakes BMW to Become Number One Luxury Carmaker
Mercedes has continued its progress in the last few years and has claimed the tag of being the top luxury carmaker from the clutches of BMW. The competition between BMW, Mercedes and Audi for being the...
View ArticleClik here to view.
Utility trumps luxury as China private jet buyers fly economy
Makers of private jets for China’s elite are shifting their focus from luxury to convenience, as a cooling economy and long-running crackdown on corruption prompt customers to demand smaller planes and...
View ArticleClik here to view.
Rémy Cointreau finds renewed spirit in Chinese market
The maker of Rémy Martin and Cointreau liqueur reported that revenue during the last quarter of its business year reached €251.5m, 9.8 per cent higher in organic growth terms than a year earlier. The...
View ArticleClik here to view.
4 Emerging Luxury E-Commerce Markets to Watch This Year
Historically, the luxury retail industry has been slow to adopt e-commerce. And who can blame these reputation-savvy companies? The web can often lack the civility most premier brands covet — to say...
View ArticleClik here to view.
Survey: Chinese Travel Spending Shifts from Hard Luxury to Premium Necessities
Recent consumer surveys show that Chinese shoppers are more focused on premium everyday necessities, which is influencing how they make purchasing decisions abroad. A survey conducted by the...
View ArticleClik here to view.
Visas and Luxury Draw Surge of Investors to Beijing Property Fair
BEIJING – A luxury property fair in Beijing has drawn investors to what has become one of the most profitable real estate sectors in the Chinese property market. While some were attracted by the...
View ArticleClik here to view.
Russian Developer Sets His Sights on Miami
Billionaire teams up with Missoni for luxury South Florida complex Russian property mogul Vladislav Doronin flew to Milan earlier this year to wrap up his deal with Italian fashion house Missoni. The...
View ArticleClik here to view.
Asia Pacific drives leather goods market due to increases per capita, female...
Prada Inside handbag The leather goods market is expected to reach revenues of $94.7 billion by 2020, according to a new report by Allied Market Research. Leather luggage and goods are also being...
View ArticleClik here to view.
Luxury prevails in Dubai’s retail space
Despite suggestions to the contrary, luxury retail spending is still rising in the UAE, albeit at a slower pace. Dubai, in particular, is leading the way. In a survey carried out before the World...
View ArticleClik here to view.
Chinese lure luxury retailers to Gold Coast’s Pacific Fair mall
Luxury retailers including Hermes, Christian Louboutin and Tiffany are planting fresh flags on the Gold Coast in a bid to capitalise on a new generation of Chinese tourists that is spending up to...
View ArticleClik here to view.
LUXURY SPOTLIGHT: How it’s done down under
If there is one thing that luxury brands don’t like, its global economic instability. I know, that was quite a news flash. But negative effects in the economy can be considered worse for luxury and...
View ArticleClik here to view.
This is how you sell luxury yachts to China’s elite
Having established a Hong Kong-based yacht brokerage in 1984, Mike Simpson has been around long enough to know what some of China’s wealthiest clients want. The Chinese “like things to happen fast and...
View ArticleClik here to view.
Wealthy Chinese still spreading their wings
Affluent Chinese are continuing to spend big on overseas travel, with a round-the-world trip costing 1.38 million yuan ($212,520) with just 10 vacancies selling out soon after noon on Monday, hours...
View ArticleClik here to view.
Luxury Connect Opens The Gates To Indian Luxury
Sensing a gap in the market, Luxury Connect Business School has designed a program which offers attendees two weeks of experiential & immersive learning in the luxury heartland of India. Here,...
View ArticleClik here to view.
Auckland is world’s ‘hottest’ luxury property market – Christie’s auction house
Homes such as this $24 million cliff-top house in Auckland’s Herne Bay have made the city the world’s “hottest” luxury property growth market. International auction house Christie’s has rated Auckland...
View Article