Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
UK manufacturing skills a lure for luxury brands The last fifteen years have seen a dramatic fall in UK manufacturing as emerging markets have become more competitive. Oxford Economics estimate that the value of UK fashion manufacturing has fallen by two-thirds since 1995. More recently, however, some companies have started to see the benefits of … Read more
World’s first Muslim modeling agency to target Gulf talent Bringing Muslims to mainstream – covered is the new couture Designers Victoria Beckham have used Islamic influences in their latest collections for 2012 and Muslim models Hanaa Ben Abdesslem from Tunisia and Hindi Sahlial from Morocco have had success on the New York catwalks. Muslim fashion … Read more
Berlin has its first Giorgio Armani boutique. Located on the famous Kurfürstendamm, at the corner of Wielandstrasse, the boutique covers over 370 square meters on one floor. The luxury brand say it is the first European Giorgio Armani store to reflect the style of the Giorgio Armani boutique in the Roppongi Hills area of Tokyo. … Read more
Britain should be doing more to encourage Chinese shoppers to visit the country Money is no object for many Chinese shoppers, who have become a common sight in London department stores such as Liberty, Harvey Nichols and Harrods. The average spend of a Chinese customer on a single transaction in London during January to October … Read more
China Set To Overtake India As Top Gold Market Sales of gold are so relatively unaffected by the economic situation, unlike so many other commodities. India and China continue to believe in both the intrinsic and emotional value of gold jewellery which explains why overall global jewellery demand was resilient despite high gold prices, difficult … Read more
Downward shift in luxury consumer attitudes at the start of 2012 signals shift toward ‘inconspicuous’ consumption that minimizes ostentation Media reports of a ‘renaissance’ in the luxury market appears to be limited to an extreme top tier of consumers, a small number compared with the bulk of the luxury marketplace potential, says the latest Unity … Read more