The luxury market is tricky to crack but the rewards can be great
Businesses selling high-end products face low volume sales and fierce competition. But with the right branding, the sense of customer loyalty can’t be beaten
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
HSBC winds down private banking operation in Monaco
Move completes effort to reduce services to wealthy after tax scandals at Swiss arm and dealings with Panamanian law firm
Where is the world’s most hi-tech city? (And it’s not San Francisco …)
Twitter and Uber may be based in San Francisco, but Santiago’s ‘Chilecon Valley’ and the South Korean capital Seoul could both make claims
Sales of luxury London properties collapsed by 86% in past year
Developers scale down most opulent projects, with newbuilds divided into smaller homes, as increased taxes blamed
MAPIC 2016 : Using Big Data in Retail & Pop Up Stores Means Better Business
Putting data at the center of sales and marketing decisions can improve marketing ROI by 15 to 20 percent, according to McKinsey & Company. Luxury and high-end companies can capitalize on the opportunity big data offers and gain an advantageous edge for their pop up stores or retail businesses. Identify consumer trends to tailor a … Read more
Peter Dundas leaves Roberto Cavalli
The Norwegian designer is to leave the Italian label after only 19 months at the helm in the latest episode of fashion’s musical chairs