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
China’s most prominent luxury footwear brand opens Parisian flagship Stella Luna, China’s most prominent luxury footwear brand with over two hundred stores in Asia & Middle East, is now looking to Europe. With presence in China, Thailand, Taiwan, Lebanon, Philippines, Kuwait and the UAE, the luxury brad adds Paris to its worldwide map. Stella Luna … Read more
Chopard launches first E-boutique Chopard watch and jewelry house launched first e-commerce boutique Chopard luxury Swiss watch and jewelry house is selling online to consumers, a step towards luxury e-commerce that other luxury homes hesitate to make. Developed with the primary goal of increasing brand awareness, Chopard’s first e-commerce boutique was launched in the … Read more
Chinese luxury spend Set to accelerate Asian ultra high net worth (UHNW) individuals wealth is expected to grow by 7.9% annually for the next five years with China contributing to the bulk of this growth, according to the Wealth-X World Ultra Wealth Report 2012- 2013, a provider of detailed intelligence on ultra high net worth … Read more
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