This is the ‘luxury drought” The conventional wisdom is that as people feel wealthier, they tend to spend more money on consumer goods and services. But today a reverse wealth effect is taking hold, according to a report from Unity Marketing entitled Marketing in New Luxury Style in 2015: What Affluents Buy, How They Spend, … Read more
Puiforcat presses on in its exploration of the art of taste: Cognac Beaker à la Puiforcat In 2000, in collaboration with Champagne maker Bruno Paillard, Luxury French silverwork company Puiforcat (belonging to Hermès Group since 1993) created the Champagne timbale, a unique tasting cup in solid silver. After granting an extraordinary gustatory experience with its Champagne … Read more
What is Luxury? (25 April – 27 September 2015, a V&A and Crafts Council Exhibition) will interrogate ideas of luxury today. Victoria and Albert Museum asks ‘What is Luxury?‘ and how it relates to our everyday lives in a new exhibition challenging our definitions of what luxury means. “As its title suggests, the exhibition questions … Read more
Burj Al Arab’s 15th anniversary celebration to begin on 1 December, 2014. Burj Al Arab, the world’s most luxurious hotel and the flagship property of Jumeirah Group, is preparing to embark on a year of milestone celebrations to mark 15 years as the pinnacle of Arabian hospitality. Ever since its doors opened on 1 December … Read more
Discerning travelers can now Live the first Legend in China: Sofitel Legend People’s Grand Hotel Xian. Sofitel Luxury Hotels announced that discerning travelers can now Live the first Legend in China and the fifth in the world when they stay at Sofitel Legend People’s Grand Hotel Xian. Opened in 1953, as the State Guesthouse, the hotel … Read more
Luxury sales are expected to grow 19% to reach US$405 billion by 2019,according to Euromonitor International’s new global data on the luxury goods industry. “Luxury sales in China have increased by US$9.6 billion in the last five years and aside from the US, the top luxury market in the world with US$18.6 billion in sales, … Read more