Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Bain Projects Global Luxury Goods Market Will Grow Overall by 10% in 2012, Though Major Structural Shifts in Market Emerge Strong Holiday Sales Will Cap Off Strong Performance in 2012 Worldwide luxury goods market revenues will grow by seven percent in the final three months of 2012 versus the same period in 2011, culminating in full … Read more
‘The Mentalist’ star Simon Baker teamed up with Givenchy The upcoming Givenchy fragrance will have the 43-year-old Australian actor Simon Baker as the new face of the campaign. “He has an aristocratic elegance and charisma,” commented Thierry Maman, Givencgy president, “values associated with the brand since Hubert de Givenchy.” Since 2008, Simon Baker has starred in … Read more
Designer Mathilde Castello Branco quits Azzaro The French-Brazilian AZZARO creative director Mathilde Castello Branco left the fashion house, without announcing her next steps or details about a replacement. The designer joined AZZARO label over a year ago, replacing designer Vanessa Seward. The label plans to name a successor “shortly.” “The House of Azzaro and Mathilde … Read more
American actress Katie Holmes has partnered with Bobbi Brown Cosmetics as the brand’s first-ever celebrity face. The first iteration of the partnership will appear in spring 2013. Additionally, Bobbi will be the lead makeup artist at the Spring/Summer 2013 Holmes & Yang Fashion Show, the eponymous line founded by Katie Holmes and celebrity stylist Jeanne Yang. … Read more
Qatari Investment Fund Could Be Interested in Versace Qatar has used its wealth from oil and natural-gas exports to buy all kinds of assets in safe-haven countries. The investment strategy by the nation’s sovereign-wealth fund includes London luxury store Harrods, luxury hotels in France or luxury brands & real estate. A Qatari investment fund is … Read more
What attributes are important among people selling them high-end goods? The most important attribute is knowledge, cited by 72% of respondents of the new Experiences With Luxury Salespeople WealthSurvey from the independent New York-based Luxury Institute. Respondents are wealthy shoppers with minimum annual income of $150,000reported average income of $310,000 and average net worth of … Read more