Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Chinese brands are shifting their resources from TV to the digital space. There has been a 200% year on year growth for online video advertising in China, according to iResearch, which is set to grow further after The State Administration of Radio, Film and Television ban for commercials during television dramas came into effect this … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
According to news weekly Der Spiegel and AFP, the Europe’s biggest automaker Volkswagen, which owns 49.9 percent of Porsche, may buy the 50.1-percent stake in the manufacturer of the iconic 911 car for 3.9 billion euros ($5.0 billion) in 2012. Porsche has built up massive debts as it looked to seal a tie-up with VW … Read more
Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage. (Niccolo Machiavelli) Greece needs every euro it can get. The country’s public coffers are drained and the nation is struggling to avoid a historic debt default in March. The money can … Read more
Chinese liquor brand Moutai was recently included in a list of the top 10 “Gifts for the Chinese Luxury Consumer“, a list compiled by the Shanghai-based research group Hurun, as part of its annual “Best of the Best” awards. Moutai held the fifth position behind the likes of Louis Vuitton, Cartier, Hermes and Chanel. The … Read more
World’s Top 100 Most Valuable Luxury Brands World Luxury Association’s official report on 2012 shows that China has become the world’s largest consumer of luxury goods. The report predicts: With the phenomenon of RMB appreciation and depreciation of the Euro and the number of Chinese traveling to Europe in 2012, total consumption of luxury goods … Read more