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LVMH reportedly interested to acquire Italian luxury bike maker Pinarello
After the recent acquisition of German luggage brand Rimowa, LVMH Group is reported to have set its sights on Italian luxury bike maker Pinarello. The Pinarello brand was founded by Nani Pinarello,...
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Killing luxury’s mystery, romance foremost danger in marketing today
Fabergé ruby engagement ring NEW YORK – According to a Fabergé executive at Luxury Interactive, it takes nine times as much effort to create a new consumer relationship than it does to maintain an...
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Luxury for less: Tourists are winners in pound’s drop
(AP Photo/Frank Augstein) LONDON — Would you travel halfway around the world for a handbag, or a coat? Maybe if you really loved it — and could get 20 per cent off. At the moment, the price is right...
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Luxury market to see 4pc compound annual growth revenue increase by 2020
Delivering the goods While many luxury brands were slow to take on ecommerce in the beginning, the sector is now leading the charge in luxury sales growth at 7 percent penetration in 2016, according to...
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Technology: Luxury brands and services get a boost from high-tech trends
Courtesy Net-A-Porter via AP NEW YORK — The merged luxury group Yoox Net-A-Porter Group is aiming to be as mobile as its shoppers. Since the two joined last year, CEO Federico Marchetti has invested...
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Newly minted super rich leaking into accessible luxury: BCG
Louis Vuitton has a handle on the market. Image courtesy of Louis Vuitton. Credits: Landowski Paul, Le Christ Rédempteur © Adagp, Paris, 2016 NEW YORK – Acquisition of new ultra-high-net-worth (UHNW)...
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Bain: Chinese Shoppers’ Share of Global Luxury Purchases Drops to 30%
A Chanel boutique in the interior of the IFC Shopping Mall at Lujiazui in Shanghai. (Shutterstock/August_0802) Even as China’s luxury market growth re-emerges into positive territory after two years of...
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What impact will a Trump presidency have on the luxury market?
Donald Trump’s economic and trade policies may create challenges for luxury activities As United States President-elect Donald Trump prepares to take office next January, luxury marketers will have to...
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Singles’ Day draws out luxury participants looking to boost holiday sales
Promotional image for Tmall’s 11.11 Global Shopping Festival Shopping holiday Singles’ Day is attracting luxury department stores and brands looking to woo Chinese consumers with deals. Held each year...
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What Trump’s Win Means for the Luxury Industry in China
Donald Trump delivers a speech at a campaign event in Pennsylvania on November 1. (Shutterstock/Evan El-Amin) After Donald Trump was elected president of the United States last night, global stock...
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Brexit and the luxury brands of Britain
A still from the new Netflix series The Crown. The Brexit vote looks good for luxury shoppers from outside the UK including those from India. The picture for luxury brands, however, is more complicated...
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Jewelry industry poised to benefit from Trump administration: Rapaport
Elle Fanning in Tiffany’s Legendary Style campaign With the United States election over, President-elect Donald Trump and the Republican-led Congress are seen as a potential boon to the jewelry...
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Luxury retailers get in on Black Friday as consumers plan to spend more
Jimmy Choo, holiday 2016 While Singles’ Day catches the eye of most luxury retailers rather than Black Friday deals, those that continue to skip the discount-focused day will miss out, as even affluent...
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Tiffany Shares Rally After Luxury Slump Shows Signs of Easing
Tiffany & Co. rose as much as 6.5 percent after improving sales in China and Japan signalled that the worst of the global luxury market’s downturn may be over. NEW YORK, United States — Tiffany...
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No price like home: Big spenders reappear in China
A man walks past a boutique of the Louis Vuitton luxury goods company in Beijing, China, November 30, 2016. REUTERS/Thomas Peter China’s wealthiest shoppers are spending at home again, roused from a...
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Chanel Leads Luxury Brands in Luring Big Spenders Back to Paris
PARIS, FRANCE – DECEMBER 06: Lily-Rose Depp walks the runway during “Chanel Collection des Metiers d’Art 2016/17 : Paris Cosmopolite” show on December 6, 2016 in Paris, France. (Photo by Pascal Le...
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Luxury fashion brands rejoice as sales uptick in China
Pedestrians walk past advertisements for Remy Martin cognac of Remy Cointreau at a shopping mall in Shanghai, China on March 4, 2013. Weng lei — Imaginechina/AP China’s rich make up almost a third of...
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Luxury Market In India Grows 25% On Rise In Middle Class Demand: Report
Aspirational and younger middle class, rising internet penetration leading to greater exposure to available products and services, increase in choices and greater awareness of global luxury brands...
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Net-A-Porter and Mr Porter are 2016 Luxury Retailer of the Year
Net-A-Porter ad campaign Online retailers Net-A-Porter and Mr Porter are Luxury Daily’s 2016 Luxury Retailer of the Year for their introduction of traditionally ecommerce-averse brands to an online...
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The Prime Central London Market: Past, Present and Future
In summary: We are entering a prolonged phase of stagnation The cycle of selling has extended from every five years to every eight years This is a market based on compromise Resetting of price...
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