As a large part of the Western world continues to suffer in the wake of the on-going financial crisis that began back in 2008, growth in the Middle East shows no sign of abating. In the likes of the United Arab Emirates (UAE), the demand for luxury goods continues to rise as the area welcomes … Read more
Top global destinations lead resurgence in luxury residential property market, reports Christie’s International Real Estate in a new study on the global prestige residential market. Entitled Luxury Defined: An Insight into the Luxury Residential Property Market, the report compares 10 of the world’s top property markets—London, New York, Hong Kong, Paris, San Francisco, Cote d’Azur, … Read more
Global Luxury Goods Industry to Generate Additional US$74 Billion in New Sales by 2017 Despite the global volatile economic outlook, the luxury goods market continues to prove resilient, according to the new luxury market research from Euromonitor International, one of the world’s leading provider for global business intelligence and strategic market analysis. In 2012, the … Read more
Burberry, the 156 year-old luxury brand with a distinctly British attitude, pushes into the luxury end of the watch market. In October 2012, Burberry will unveil a collection of luxury watches, presented as “typical of the brand’s British heritage and history of innovation”. The luxury house is keeping the collection under an embargo until October. … Read more
Factors to watch in the mix of consumers and luxury products Bain & Company, one of the leading advisor to the global luxury goods industry expects an average of seven to nine percent annual increases in global sales to fuel luxury brands’ growth aspirations until the middle of the decade. “Brands must develop strategies … Read more
All sectors of the global luxury market are forecasted to grow in 2012, reinforcing the organic growth of 2011. China is the fastest growing market, accessories the best performing categories. Leather goods, Shoes and Accessories and Hard Luxury (Jewelry Watches) are the sectors with the highest expected growth ratio, according to Altagamma Foundation, which monitors … Read more