Hennes & Mauritz are plotting a new luxury line Swedish giant Hennes and Mauritz, the owner of H&M, COS, Monki and Cheap is branching into a luxury line. The Swedish retailer confirmed that a new luxury store chain will be launched in 2013 to broaden its offering. “We are making these long-term investments in order … Read more
Top U.S. luxury retailer enters Asian e-commerce market in partnership with Glamour Sales Holding (HK) Top U.S. Luxury Retailer Neiman Marcus Group announced a non-controlling strategic investment in Glamour Sales Holding (HK), a privately held e-commerce company. This will be the company’s first move into the fast-growing luxury retail market in China. “We are taking … Read more
Valerie Barrelet , Independent Interior Designer and partner of Creezy the Agency China, comes from a lifetime of fashion and design. After a decade in Parisian Fashion Industry she moved to Montreal to learn Art Glass during 3 years. She moved to Shanghai and created in 2000 her own studio which is dedicated to interior design. … Read more
France accounts for about 8 percent of the total annual luxury-goods sales, according to consultant Bain & Co. French election frontrunners President Nicolas Sarkozy and Socialist candidate Francois Hollande have both pledged tax increases. The measures may damp the feel-good factor, a driver of luxury-goods consumption, as has happened elsewhere in Europe, according to CA … Read more
Annual Walpole British Luxury Summit to focus once again on China The 2012 Walpole British Luxury Summit (9th May 2012, Bafta, 195 Piccadilly, London) will once again be focussed on China. Concentrating on the main markets for luxury in Greater China, covering the Mainland, Hong Kong and Macau. The Walpole Summit will look at the … Read more
Indonesia to be largest luxury market in SE Asia: LVMH Indonesia will become the largest luxury market in southeast Asia over the next few years, Ravi Thakran, LVMH`s head for South Asia, South East Asia and Middle East told CNBC. According to Thakran, Indonesian consumers currently buy their luxury goods mostly from Hong Kong and … Read more