The global market for luxury goods has returned to steady growth, after the recessionary decline of 2008. While the developed countries dominate sales, the emerging ones are growing faster. In consequence, luxury brands manufacturers and retailers will continue to switch their focus to these new sources of growth. Three BRIC countries will be the … Read more
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning of luxury shifts, this year’s top luxury brands reflect a changing global consciousness – with success dependent not … Read more
Plaza Athénée’s Royal Suite redecorated by Marie-José Pommereau The Hotel Plaza Athénée, renowed as the most spacious, luxurious and most expensive hotel suite in Paris, renovated and redecorated its Royal Suite, the largest suite of the famous Parisian location. With a total area of 450m², it is also the largest suite in Paris. The … Read more
The European Commission recognizes the strategic importance of the high-end industries Important days for Europe’s luxury sector. The European Commission has adopted “Cultural and Creative Sectors for creative growth in the EU” political action plan. This policy strategy qualifies cultural and creative business models, such as the luxury industry, as strategic sectors for European growth … Read more
Deloitte forecasts 3.5 to 4 percent increase in holiday sales. Deloitte’s retail & distribution practice expects total holiday sales to climb to between $920 and $925 billion, representing a 3.5 to 4 percent increase in November through January holiday sales (excluding motor vehicles and gasoline) over last season. This growth rate is below last year’s … Read more
With the occasion of 2012 Paris Auto Show, Rolls-Royce luxury car manufacturer launches a special collection of Art Deco-inspired cars. Three posters referencing the style that defined one of the world’s most glamorous and exciting design movements have also been created by the Rolls-Royce design team. In September, Rolls-Royce hosted the grand reopening of the … Read more