Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Alexander Wang joins the growing roster of notable brands which have made the Seaport their home, including ESPN, whose New York Seaport studios broadcast more than 200 hours of programming a week, and Nike, whose creative studio opened in 2019. The Seaport’s urban walkability and connection to the area’s independent retailers, restaurants, art galleries and … Read more
Electric vehicles to reshape the automotive and mobility industries faster than anticipated. Report. Bain expects the profit pool for the EV charging sector in the US, Europe and China to grow to up to €13.5 billion by 2030. New research from Bain & Company shows electric vehicles (EVs) are set to reshape the automotive … Read more
Saks Luxury Pulse Finds Consumers are Spending on a Luxury Lifestyle Saks, the premier luxury ecommerce platform, has unveiled its latest Saks Luxury Pulse survey of luxury shoppers with consumer insights on spending habits and lifestyle preferences. The survey found that higher income consumers are continuing to spend on luxury, including treating themselves with fashion … Read more
The Farnborough International Airshow will make its return on 18-22 July 2022. For decades, the Farnborough International Airshow has been the global platform for the aerospace and defence industry. This year, its role will carry even greater significance with FIA2022 serving as the first major event to reconnect colleagues from around the world, enabling business … Read more
Bain & Company expects the wealth management market to double in size, exceeding $500 billion in revenues by 2030 Bain & Company released today a new study on the wealth management market, predicting customer demand for wealth management services to surge to more than $500 billion by 2030—double the size of the market in 2021. … Read more
Most Ultra High Net Worth individuals (UHNWs) rely on trusted advisors for their major investment needs and feel they are well-served for the most part. They thoroughly understand economic cycles, risk profiles, and risk/return and asset diversification scenarios across generations. During this unfolding economic downturn, most UHNWs prioritize their spending and investments based on individual … Read more