Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
We are honored to present an article by Fflur Roberts, Head of Global Luxury Goods Research at Euromonitor International Hit by the global economic slowdown, the luxury goods industry went through a period of decline in 2008-2009 but by 2010 the recovery had already begun, with most developed countries recording positive growth. At the same time the … Read more
American film and television production & distribution company Paramount plans to create up to 50 hotels and resorts themed around Hollywood and California. The luxury hotels will be focused on ‘elements of the California lifestyle’. The hotels of one of the leading companies in the history of cinema will be centered around the art of … Read more
Luxury trunk maker Louis Vuitton Malletier will open an innovation terminal in Beaulieu-sur-Layon, at twenty kilometers south of Angers (Maine-et-Loire). The hub of leather goods will be a highly innovative research and innovation pole in the leather trades and could eventually employ about 400 professionals. The Beaulieu-sur-Layon commune was chosen due to the existence of a … Read more
Selfridges Named Best Department Store in the World At the Global Department Store Summit in Paris (GDSS), The Intercontinental Group of Department Stores (IGDS) announced that Selfridges has once again been recognised as the Best Department Store in the World for a second time, and will retain the honour until 2014. Selfridges took the … Read more
All sectors of the global luxury market are forecasted to grow in 2012, reinforcing the organic growth of 2011. China is the fastest growing market, accessories the best performing categories. Leather goods, Shoes and Accessories and Hard Luxury (Jewelry Watches) are the sectors with the highest expected growth ratio, according to Altagamma Foundation, which monitors … Read more
Nordstrom Ranks First in Luxury for Wealthy Shoppers; High-End Retailer Earns Top Scores on Multiple Measures of Customer Experience and Loyalty Wealthy U.S. shoppers earning at least $150,000 a year rank Nordstrom highest among luxury retailers in the 2012 Luxury Consumer Experience Index (LCEI) survey by the independent New York-based Luxury Institute. LCEI … Read more