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Luxury Brands Step Up Shift to Digital in China
British model Cara Delevingne takes a selfie as she arrives for the Burberry Spring/Summer 2016 collection during London Fashion Week September 21, 2015. Photo: Reuters Luxury retailers who bet big on...
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How Luxury Brands Protect Their Proprietary Information from Competitors
There has always been a big demand among consumers for luxury goods, and many will jump at the chance to buy top-name products at bargain prices. This has led to a flood of fakes in many industries,...
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As international billionaires get nervous, sales in L.A.’s ultra-luxury...
Billionaire Steve Wynn finally found a buyer for his Bel-Air home when he dropped the asking price to $15.95 million, or $300,000 less than what he bought it for in 2014. (Redfin) A cooling market for...
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Asian consumers’ preferred travel destinations reveal retail expansion...
Nearly 80 percent of affluent Asian consumers plan to increase spending on travel, according to a new report from Agility Monitor. While it is no big secret that spending and travel are on the rise in...
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The Rise of the Young and Wealthy in Luxury Property Markets
As summarised by La Costa Properties Monaco, a 2015 study into young investors in luxury real estate markets, which was published by Coldwell Banker Previews and Ipsos MediaCT, has revealed some...
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Luxury’s Brexit Bloodbath
The selling tsunami which immediately followed Brexit has left the Savigny Luxury index lost at sea this month. LONDON, United Kingdom — The Savigny Luxury index (“SLI”) continued its downward trend,...
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Fragmented luxury jewelry market calls for elevated digital service
Cartier’s Etourdissant collection The global jewelry and watch market is expected to grow steadily over the next few years, with total revenues projected to reach $410 billion by 2019, according to a...
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Now is the time for tourists to grab bargains on UK luxury brands like Burberry
The cheap pound is a bigger draw than Big Ben right now.(Reuters/Kevin Coombs) Since UK’s Brexit vote on June 24, interest in travel to London has spiked. Shopping in the city is one of the big draws,...
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Top 10 luxury goods companies in the world
A man walks past a Louis Vuitton shop near Genghis Square in downtown Ulan Bator, Mongolia, June 27, 2016. Reuters Average sales among the world’s top 100 luxury goods companies reached $2.2 billion...
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Brexit seen benefiting UK tourism as travelers seek value
Michael Kors fall 2013 collection The pound’s drop to its lowest valuation in decades following the United Kingdom’s decision to leave the European Union is already affecting international travel...
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Luxury, Convenience and Obsolescence: 5 Businesses the Self-Driving Car May...
While it may still be hard to believe for many people, self driving cars are certainly on their way to becoming a standardized technology used by consumers and businesses all over the world. In fact,...
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Luxury fashion retailer Burberry’s profits boosted by plunging pound
Luxury fashion retailer Burberry stormed ahead on the London market after it drove home better-than-expected results and received a boost from the plunging pound. The firm said that like-for-like...
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Forget London, The Chinese Now Gobbling Up Luxury Housing In China
Shanghai luxury real estate seen going from $15,000 per square meter to at least $18,000 within a year as Chinese sticking to home these days for high end real estate. (Image provided by Shutterstock)...
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Travellers Spend More On Luxury Items Abroad Than In Native Countries, Study...
An Asian shopper walks past a Louis Vuitton window at Printemps department store in Paris. ― AFP pic Travellers purchasing luxury goods abroad account for around 30% of worldwide revenues, according to...
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China’s luxury goods increase in price as affluent classes swell
China’s luxury consumer price index’s rate of increase is at a five-year high, according to a report from Hurun. From June 2015 to June 2016, the luxury consumer price index increased by 5.1 percent,...
View ArticleHermes reports second quarter sales increase by 8.1 percent to 1.25 billion...
French luxury giant Hermes posted higher than expected second-quarter sales of 1.25 billion euros ($1.38 billion), up 8.1 percent at constant exchange rates. Analysts had expected around 5 percent...
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Russia´s luxury market recovers slowly
Fendi new store Stoleshnikov Lane, Moscow It is still early to say that luxury brands are experiencing a healthy boost on the Russian market, even though there are some signs of improvement. Fendi has...
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The Brexit’s One Bright Spot: More Chinese Tourists to the UK
A volatile stock market, downgraded credit rating, and plunging pound may be some of the economic woes plaguing the UK after the Brexit vote, but there is one thing that seems set to go up in the near...
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Asia’s millionaires top global wealthy ranking
Asian millionaires now control more wealth than their peers in North America, Europe and other regions, according to a new World Wealth Report from Capgemini, a consulting group. Asian millionaires...
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Super Yachts for China’s Super Rich
Yacht makers including Italy’s Benetti are betting that Chinese billionaires will develop a taste for luxury living on the seas. (Hong Kong) – On a sunny day, the Mingfa superyacht sails around the...
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