House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess
As flamenco dancers and baristas help show off multimillion-dollar homes, there is no longer room for the middle class
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Gucci tops the 2019 BrandZ Top 30 Most Valuable Italian Brands ranking
‘Brand Italy’ continues to make its mark on the world. Italy is recognised as a world leader in exquisite food, fast cars and elegant fashion. According to research by WPP’s BAV Group, the Italian brands perform exceptionally well in other sectors such as Energy, Oil & Gas and Cruises. ‘Brand Italy’ performs exceptionally well, … Read more
Sustainability is key issue for department store fashion buyers
Brands risk being delisted if they ignore green concerns, according to survey of over 80 global chains
Galeries Lafayette moves to 60 Avenue des Champs-Elysées with a new retail model and 300 Personal Stylists
High-end French department store Galeries Lafayette moves to 60 Avenue des Champs-Elysées in Paris. With 6,500 sq.m. – the largest retail space on the avenue – this new address aims to offer local and international visitors a one-of-a-kind, more intimate and responsive department store model. Galeries Lafayette also launches a conversational app called Personal … Read more
Bloodhound’s 1,000mph car project given financial boost
The jet car scheme was given a lifeline by Ian Warhurst, who stepped in to provide finances
Online retail fuelling rapid rise in sales of fake goods, says OECD
Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report finds