Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Europe – the largest e-commerce region in the world Europe it the leader in global e-commerce after recording 19% growth to overtake North America in 2011. Online retail sales account for around 5.1% of the total value of the retail market in Europe, with 240 million e-shoppers spending an average of €1,000 each, according to … Read more
Tablets are used by 1 in every 4 smartphone owners Majority of Tablet Users Watch Video on their Device, 1 in Every 4 Viewers Pay to Watch Tablets have quickly reached a critical mass in the U.S. with 1 in every 4 smartphone owners using tablets during the three-month average period ending April 2012, … Read more
Karl Lagerfeld launching Shu Uemura beauty line After the capsule line for French beauty chain Sephora, Karl Lagerfeld’s next beauty partnership in his endless series of collaborations is a line with Shu Uemura, the international cosmetics brand founded by world-renowned Japanese make-up artist and beauty guru Shu Uemura. Karl Lagerfeld, a longtime customer and … Read more
Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
Nextant Aerospace hits delivery milestone for 400XT Aircraft Nextant Aerospace on Schedule to Deliver 32 400XTs by End of 2012 Nextant Aerospace delivered its 10th production unit of the 400XT, the world’s only FAA-certified remanufactured business jet. The “N” registered aircraft was delivered to a private client that will operate the plane in a traditional … Read more
The sale of fattened duck and goose liver will be banned in California The days of foie gras are numbered…Foie gras, the goose liver pâté typically achieved through gavage (force-feeding corn), will be forbidden 1st of July in California, as many animal associations reported against it and a new law will be activated. Gavage-based foie … Read more