Chinese e-commerce platform Shouke Limited is set to be acquired by the London-based luxury online retailer Net-A-Porter.com, marking that company’s first major foray into the China market. The members-only Shouke shopping website was only one of many well-capitalized luxury e-commerce platforms to spring up in China in the last couple of years, and the country’s … Read more
The luxury menswear market has been growing at a rate almost double that of womenswear, say the recent figures from global consultants Bain & Co. The men’s luxury fashion market (40% of the global market) is growing at about 14 percent a year, while luxury womenswear is growing by a mere 8 percent. This change … Read more
London ‘Super Prime’ Home Sales Surge to Record on Overseas Purchasers Overseas buyers make up 65 percent of the London market for homes costing more than 5 million pounds Buyers from the Middle East, North Africa, Eastern Europe and former Soviet Union are pushing prices in London ‘Super Prime’ Home Sales to new records. Values … Read more
Luxury sellers look to Latin America Latin America is viewed as a growth market for luxury products, said media and marketing executives who attended the Festival of Media Latam in Miami Beach. As growth in mature markets around the world slows and disposable income increases in Latin America, “now all the luxury brands need Latin … Read more
Hermes launches luxury limited edition Indian saris Indian women may wear Western dress to the office during the day but for weddings and other formal occasions they often prefer to wear saris, reflecting the strong pull of tradition. Part of Hermes effort to connect to India’s culture and to the tradition of elegance of Indian … Read more
When one tequila house sells you sculpture and the other sells you the truth, which one is the real flex? Two of the biggest names in agave spirits made headlines the same week, and — deliciously — they went in opposite directions. One is selling you art. The other is selling you honesty. Welcome to … Read more