Inflation bites wealthy Britons as price rises hit luxury goods

Fine wines, oysters and fancy restaurants up by 5.9% in past year, says Queen’s bank

Luxury shoppers attracted by exclusivity and experiences, artists, and sustainable champions

  The holiday season is a key moment for luxury customers to buy themselves something special. Demand among luxury customers for exclusive items and one-of-a-kind experiences is just as strong when choosing gifts for others as it is when shopping for themselves, according to a new study by YNAP group. The survey shows the growing importance … Read more

eBay Authenticate service extended into the luxury jewelry category

  eBay’s Authenticate service, which launched in the luxury handbags category in 2017 and luxury watches category earlier this year, now includes listings for necklaces, earrings, rings, and bracelets, all marked with an “Authenticity Verified” label.  eBay Authenticate offers ‘authenticity verified’ high-end jewelry, watches and handbags for the holidays. eBay ‘s Authenticate is offering holiday … Read more

Aston Martin named Luxury Brand of the Year at the Oscars of the Luxury Industry

Officially confirmed as being named DBX, Aston Martin‘s first luxury SUV started its testing programme tackling the demanding terrain of a Welsh Rally stage. Aston Martin also announced applications are now open for the company’s 2019 intake of apprentices. Roles are available across our UK sites, including St Athan, Wales. Applications will close on Monday … Read more

Senior executives no longer have the option to treat design as a luxury. Study

  Companies from a wide variety of industries consistently showed financial benefits from good design: from retail banking to medical devices to consumer goods. This suggests that companies that improve their design capability can improve their financial performance whether they are making physical products, digital apps, services, experiences or a combination of these things. McKinsey … Read more

Richemont to bring the world’s leading online luxury retailer to Chinese consumers

  Chinese consumers are expected to account for nearly half of the global luxury market by 2025. Swiss luxury goods group Richemont and Alibaba group announce global strategic partnership. This partnership will bring Chinese consumers unprecedented access to the world’s leading luxury brands. Under the partnership, YNAP and Alibaba will establish a joint venture (JV) … Read more