Luxury Remains Resilient in the Face of Economic Turbulence Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real … Read more
The 2012 Hurun Rich List, the annual ranking of the 1000 richest individuals in China, reveals that China’s rich are getting poorer and the no. of billionaires is down after six years of growth. In a year when the Shanghai Stock Exchange fell 23%, 469 of the Hurun Top 1000 saw their wealth shrink, … Read more
2012 Luxury Online Experience Index (LOEI) survey Wealthy shoppers with minimum annual income of $150,000 rated the online experience at websites of 10 traditional luxury retailers and 16 online-only retailers in the 2012 Luxury Online Experience Index (LOEI) survey by the independent New York-based Luxury Institute. LOEI scores include evaluations of a site’s navigation, … Read more
For the second year in a row German Chancellor Angela Merkel is the stongest women on the planet. Angela Merkel, US Secretary of State Hillary Clinton, and Brazil’s President Dilma Rousseff are the world’s most powerful women, according to Forbes’s annual survey that calculates wealth, media presence and overall impact. Merkel’s top spot reflects her … Read more
Marc Alary is a French born , New York based jewelry designer who launched his first fine jewelry collection in November 2009.Marc has enjoyed continued attention from the fashion press and is primed to develop further with his latest collection , which will arrive in autumn 2012. Marc Alary studied Graphic Design & Illustration at … Read more
Singapore to be world’s richest country by 2050. Centa-millionaires in Asia will continue to outnumber those in North America and Western Europe by 2050, a Knight Frank and Citi Private Bank study showed. Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest countries on a per capita basis by 2050. … Read more