Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Dominating the heart of the city, The Ritz-Carlton, Hong Kong takes center stage as the world’s highest hotel. Located on the 102nd- 118th floors of the International Commerce Centre, this distinctive luxury hotel’s Hong Kong location offers stunning city and Victoria Harbour views, as well as a soothing retreat from the hustle and bustle of … Read more
French luxury brand Hermes said on Friday it was on track for record sales this year amid “remarkable growth” in Asia and the Americas, as it announced an 18 percent rise in third-quarter sales. “We are going to beat the 2.4 billion euros in sales of 2010,” Hermes boss Patrick Thomas told AFP after the … Read more
Luxury consumers nowadays are more interested in whether a luxury product is “worth it,” and that all depends on the experience. While protecting brand exclusivity is a viable concern, digital and new media tools offer inestimable opportunities to market luxury brand experiences and preserve exclusivity. Here are three cutting-edge digital technologies from mashable that can … Read more
The ‘Elton John’ of luxury homes, a repossessed property, sold to foreign businessman An opulent Surrey mansion which has been on the market since 2005 has finally sold for less than half its original asking price. Updown Court was once expected to fetch £75 million but has now sold after six years on the market … Read more
E-Commerce Landscape Shifting Towards “New Luxury” Goods While many consumers remain focused on prestige pieces that will retain their worth, young consumers are racing to purchase “new luxury” accessories like high-priced handbags and shoes, according to a study just released by PM Digital, a New York-based digital marketing agency. This is among the findings in … Read more
Luxury Group PPR sees 7 pct increase in sales, led by luxury divisions French retail and luxury company PPR posted a solid increase in revenue for the third quarter as its luxury divisions made up for shortfall in retail. The company behind Yves Saint Laurent and Gucci said Wednesday that a 25-percent jump in sales … Read more