Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Global High Net Worth Population Increases Slightly as Their Investable Wealth Declines Asia-Pacific becomes region with the most HNWIs, while North America retains the most HNWI wealth Asia-Pacific surpasses all regions with the largest HNWI population, while North America retains the most HNWI wealth, finds Pacific, Capgemini and RBC Wealth Management’s “World Wealth Report“, a … Read more
The global market for luxury goods has returned to steady growth, after the recessionary decline of 2008. While the developed countries dominate sales, the emerging ones are growing faster. In consequence, luxury brands manufacturers and retailers will continue to switch their focus to these new sources of growth. Three BRIC countries will be the … Read more
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning of luxury shifts, this year’s top luxury brands reflect a changing global consciousness – with success dependent not … Read more
Global Tablet Market Revenues to Reach $40.4 billion in 2012, $181.5 billion by 2018 Once high-end and luxury consumer devices, tablets are expanding quickly. Apple’s rise to dominance in the tablet market has been slowly eroded by cheaper, more mainstream competitor brands with similar tablets sold at a significantly lower price points. As a result … Read more
Banyan Tree to launch Banyan Tree Kerala (India) in Q1 2013 Banyan Tree chain, a leading manager and developer of premium resorts, hotels and spas in the world, announced plans to develop luxury homes and condominiums in Chengdu, the capital of Sichuan province of China. The residential property will be the group’s maiden residential project … Read more
Luxury Remains Resilient in the Face of Economic Turbulence Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real … Read more