Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
European Commission to promote luxury goods European luxury sector – “a key driver of sustainable growth” The European Cultural and Creative Industries Alliance (ECCIA) has welcomed a proposal by the European Commission to support the European luxury fashion industry. The European Cultural and Creative Industries Alliance is composed of the five major European luxury goods … Read more
Luxury Brands Status Index for Japanese and Chinese shoppers European luxury brands are warmly received by wealthy shoppers throughout Asia. These are the findings of the new Luxury Institute‘s Luxury Brands Status Index surveys. The report offers the rankings of dozens of luxury brands by high net-worth consumers from Japan and China. Respondents were 21 … Read more
The anti-thesis of exclusivity. How The Uncertain Economy Is Changing The Definition Of Luxury Luxury has taken on a multitude of new meanings. The last three recession years have created a dramatic shift in the definition of what luxury is. “Now luxury means products with higher perceived value and increased practicality. Demonstrating this is the … Read more
L2’s inaugural study of European fashion brands reveals that the digital competence of the continent’s niche fashion brands lags that of their larger, more established global fashion peers. The ranking measures the digital aptitude of 46 European niche fashion brands with annual turnover between €25 million and €250 million. Brands were measured on 350 data … Read more
LVMH bought 100% stake in ArteCad, a Swiss watch dial manufactory Swiss watch dial manufactory ArteCad was bought out by LVMH. The luxury group had no previous financial interest in the company, from two private owners. The Swiss watch dial manufactory was founded in 1885 and employs 215 people. It produces 350,000 dials a year, … Read more
LVMH found an innovative way to find out what they need to know about their target markets in the future. THe luxury group have designed a series of ten events to explore the Future of the Luxury Industry in ten different cities of the world. The purpose of these one day events is to picture … Read more