Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Karl Lagerfeld to open Parisian concept store “Save the date! February 2013: KARL LAGERFELD will open its 1st concept store in the heart of St Germain des Pres in Paris,” the facebook page of the famed designer of Chanel, Fendi and Chloé announced during Paris Fashion Week. The Karl Lagerfeld concept store will offer the … Read more
Luxury Brands Move into Chinese E-Commerce Space Salvatore Ferragamo is the latest luxury brand to move into Chinese E-Commerce following moves by other retailers such as Net-A-Porter, Yoox, Zara, Armani, and Coach. Luxury house’s sales in China grew 36% first quarter of 2012.In 2011, online retail generated about $121 billion in sales. Ferragamo‘s online retail … Read more