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Classic cars, rare coins top Knight Frank’s luxury index
Classic cars and rare coins maintained their status as the world’s best-performing luxury assets in 2015 thanks to stellar auction results, according to a new report. The Knight Frank Luxury...
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4 Chinese cities in world top 10 luxury retail destinations
Four Chinese cities have made it to the list of world’s top 10 favourite destinations for luxury retailers, joining the likes of London, Paris and New York, state media reported today. Hong Kong,...
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This Chinese e-commerce giant is luxury retail’s worst nightmare
Luxury retailers have been unhappy with Alibaba, the Chinese e-commerce behemoth that’s grown rapidly over the past few years. Their complaint? That it’s a haven for counterfeit products, especially...
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Singapore takes on Hong Kong as China luxury hotspot
Hermès is relaunching its flagship Singapore store in a bet on growth in Southeast Asia at a time when its rival regional centre Hong Kong is beset by anti-mainland Chinese sentiment that has eroded...
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Russian billionaire betting big on Miami’s luxury condo market
While most developers are pulling back as Miami’s high-end condo market slows, Vladislav Doronin is pushing forward with a 57-story luxury condo tower, and two more projects after it. The Russian...
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Hong Kong world’s best luxury shopping destination after London
Many luxury retailers use Hong Kong as a springboard for expansion into mainland China. Photo Bloomberg Although Hong Kong’s retail industry is said to be reeling from the declining number of mainland...
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Bulgari aims to have up to six stores in Russia over 10 years
Thomson Reuters MOSCOW (Reuters) – Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects...
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Tiffany’s ‘old-world luxury’ fails to charm millennials
The Tiffany & Co. logo is seen on an awning of their store in Manhasset, New York, U.S., May 23, 2016. REUTERS/Shannon Stapleton For Alan Feid, a 28-year-old looking to buy an engagement ring for...
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Key forces shaping the luxury market
The luxury goods sector has now passed the mid-point of what was previously termed the ‘decade of change’ – during which there would be a remarkable difference between 2010 and 2020, says global audit...
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Op-Ed | How Luxury Can Beat Chinese Travelers’ Shopping Slowdown in Europe
A Dior store in Paris. Europe has seen a slump in spending by Chinese travelers in 2016. (Shutterstock) Last month, we saw global Chinese tax-free shopping in negative growth (-18.5 percent...
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China bets on duty-free paradise to keep luxury spenders at home
China’s efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan...
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Brexit uncertainty, new mayor create conflicting signs in London housing market
The United Kingdom’s impending European Union referendum is causing London’s housing market to falter, according to a Knight Frank report. The city’s annual growth rate slowed to a mere tenth of a...
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Arab Luxury World indicates industry shake-up
Experts at Arab Luxury World, an event showcasing luxury goods and services for the gulf region, urged businesses to develop new markets by adopting new retail strategies and marketing approaches in...
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Foreign Buyers Could Flood Back into London’s Luxury Housing Market on Brexit...
London’s high-end housing market has been described as a “ghost town” by some brokers in the U.K.Christopher Furlong / Getty Images Wealthy foreign buyers are positioning themselves to scoop up...
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Asia prospers, signs of life in Latin America and Africa for retail...
Michael Kors, New Delhi After China and India, Malaysia, Kazakhstan and Indonesia are the most promising developing retail markets, according to an A.T. Kearney report. China and India are predictably...
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Study reveals the prevalence of fake luxury goods on Instagram, and the...
New research has found that 20% of Instagram posts about luxury fashion brands featured counterfeit and/or illicit products. The report calls for a comprehensive international strategy to fight the...
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China’s Secondhand Luxury Market Catches on with Price-Conscious Fashionistas
The inside of Psycho Recycle, a secondhand boutique in Beijing that offers gently used luxury bags, accessories and clothing. (Courtesy Photo) A Gucci handbag that is up to 70 percent off its original...
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Luxury car makers enjoy high demand momentum in India
The demand for luxury cars in the Indian market has been shooting upwards since last few months and the car makers that are among the most benefited through this high demand momentum include Mercedes...
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BUBEN&ZORWEG among the TOP 25 German Luxury Brands
Coveted, beautiful and innovative! These are the common denominators of the TOP 25 Luxury Brands evaluated by the Influx Institute and EY advisory services company during the 6th Luxury Business Day...
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Millennials Define “Luxury” Customer Service Differently
The millennial generation, born between approximately 1980 and 2000, is the best educated generation in history, according to statistics. It goes without saying that this generation is the most...
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