Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Specialty Retail 2012: Mobile and Amazon are reshaping retail. M-commerce is the fastest growing channel in the history of commerce Digital IQ Index: Specialty Retail 2012: E-commerce is now M-commerce L2, a think tank for digital innovation, released its third annual Digital IQ Index: Specialty Retail. The report benchmarks the digital competence of 76 global … Read more
ZADIG & VOLTAIRE will open its debut hotel in 2014 The Parisian Hotel Won’t take reservations from ‘Chinese Tourists’ Zadig & Voltaire‘s stage used for the debut catwalk presentation at Paris Fashion Week will became a designer hotel with a rock ‘n’ roll chic. The private mansion on the Parisian Left Bank will house the brand’s first … Read more
Eric Clapton, a renowned watch collector and a Patek Philippe fan, is selling a very rare Patek Philippe (reference 2499/100P) Perpetual Calendar Chronograph. The highly important platinum perpetual calendar chronograph reference 2499/100 from the collection of Eric Clapton is expected to fetch over $4 million at Christie’s Geneva Auction on November 12 at the Four … Read more