The CFDA signs partnership with China’s leading online fashion retailer The Council of Fashion Designers of America (CFDA) has signed its first Chinese partnership with Shangpin.com, China’s leading online fashion retailer and China’s first online retailer to sell in-season contemporary and designer brands at full price. As part of the agreement, Shangpin will support CFDA … Read more
Worldwide Diamond Consumption to Surge by More Than 60 Percent by End of Decade Global diamond demand will outpace supply, signaling solid pricing prospects and a strong positive outlook for the industry overall, according to the 2012 Global Diamond Industry Report, released by global business consulting firm Bain & Company. A surge in rough diamond … Read more
A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
St. Regis Hotels & Resorts and Fashion Designer Jason Wu Unveil Limited-Edition Travel Bag Inspired by Today’s Grand Tour For centuries, affluent travelers would go on a grand tour through Europe to collect experiences and cultivate knowledge. Today as culture, business and leisure intersect in destinations as diverse as Abu Dhabi, Aspen, and Sanya Yalong … Read more
Chivas Regal’s biggest duty free exclusive launch in the brand’s history The Victorian-era brothers John and James Chivas started in the 1850s to blend high-quality, smooth-tasting whiskies for the affluent clientele on Aberdeen’s King Street. To honour their legacy, Chivas Regal launched Chivas Brothers’ Blend, a permanent 12-year-old whisky that intensifies Chivas Regal’s trademark flavour … Read more
Retailers cash in on luxury goods boom as sales at airports outstrip other outlets