Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Hewlett-Packard chief executive Meg Whitman, Facebook chief operating officer Sheryl Sandberg, Alibaba co-founder Lucy Peng are the top three wealthiest women in the technology sector, according to Wealth-X “The Wealthiest Women In Tech” list. The net worth of the women on the Wealth-X list still lags far behind their male peers in the technology sector. … Read more
Beijing has made clear that after initially cushioning the slowdown with a massive fiscal stimulus, it is now aiming to engineer a shift to a more sustainable growth model
But long-standing minority shareholder Paddy McKillen believes complex legal agreements between the shareholders effectively weaken the brothers’ hand
Chanel set to launch an e-commerce option next year. Inevitably, French luxury house Chanel could not resist the online progress and the opportunities offered by online retailing. Chanel joins Fendi, the latest luxury brand to embrace e-commerce. At the brand’s Salzburg-New York event the maison unveiled that it is set to launch an e-commerce option … Read more
This is the ‘luxury drought” The conventional wisdom is that as people feel wealthier, they tend to spend more money on consumer goods and services. But today a reverse wealth effect is taking hold, according to a report from Unity Marketing entitled Marketing in New Luxury Style in 2015: What Affluents Buy, How They Spend, … Read more
While one presents a chic edit of beautifully shot and styled designer pieces, the other – to the unitiated – appears to offer a more chaotic shopping experience