Category: Business
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Despite persistent challenges in China, all hope is not lost for luxury brands, says study
Mainland China’s luxury spending continued its decline in 2015, however, emerging signs signal a reversal in 2016. Increased international tourism, and growing comfort and trust in some business-to-consumer (B2C) overseas websites among China’s shoppers stimulated overseas purchases in 2015, according to Bain & Company‘s 2015 China Luxury Market Study. Bain & Company’s 2015 study finds…
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Art market in ‘mania phase’ and risks bursting of the bubble, report says
Experts expect a ‘severe correction’, particularly in contemporary and American art, after years of spiralling prices and celebrity and luxury obsession
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Currency fluctuations and globe-trotters boost the personal luxury goods market, but real growth slows, says study
The worldwide luxury industry surpassed €1 trillion in retail sales value in 2015 and delivered healthy growth of 5% year over year (at constant exchange rates), driven primarily by luxury cars (8%), luxury hospitality (7%) and fine arts (6%), according to the 14th edition of the Bain Luxury Study, published by Bain & Company for…
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Punta del Este: is Uruguay’s uber-rich ‘gated city’ a glimpse of our urban future?
Astronomic rents and zero public housing keep the haves and have-nots apart in the exclusive Uruguayan coastal city. So is this dystopian ‘paradise’ preempting the path on which other global cities are set?
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Burberry sales up but outlook for sector remains uncertain
Maker of signature trenchcoats and scarves says growth has returned in China and South Korea, though Hong Kong sales slumped by 20%
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Bagging a return – why the Hermes Birkin handbag is the best investment
Study shows the £150,000 Hermes bag averaged a 14.2% annual return since 1980 beating the S&P 500 index and gold. The only problem is getting your hands on one