Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Moët-Hennessy To Produce Red Wine In China, For China In response to growing consumer demand, luxury giants are investing in the China wine market Luxury giant LVMH announced that it has invested in a vineyard in the mountains of Yunnan province, southwest China, to develop its own 30 hectare vineyard. The project will produce red … Read more
Poison Kiss: Hundreds of Lipsticks Contaminated With Lead, Reports New FDA Study Lipstick is a product used by millions of women of childbearing age who are unaware that they may be building up their blood lead levels each time they apply lipstick. A new analysis of lead in lipstick conducted by the U.S. Food and … Read more
Worldwide Cost of Living 2012: Mature markets still the most expensive Zurich, Tokyo, Geneva, Osaka and Oslo are the most expensive cities in 2012 Muscat, Dhaka, Algiers, Kathmandu and Panama are top 5 least expensive cities For the first time in at least two decades of Economist Intelligence Unit reporting the worldwide cost of … Read more