Search results for: “luxury retail”
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Tax increases in France may damp the feel-good factor, a driver of luxury-goods consumption
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…
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Walpole British Luxury Summit 2012: luxury in Greater China
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…
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Indonesia will become the largest luxury market in southeast Asia: LVMH
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…
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Net-A-Porter – first major foray into the China luxury e-commerce market
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…
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Apple’s Retail Store and iPad 3 Launch at Harrods
The big brands at London’s Harrods are known to attract large crowds on a daily basis, which makes it an ideal spot for Apple to launch its iPad 3 overwhelmingly hyped tablet. If the rumours from sources within Harrods are to be believed, expect the Cupertino chain of stores coming to Harrods in mid-March. This…
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Moderate growth for the high end segment in 2012 according to top international retailers
During the Opening Ceremony of February edition of Milano Unica International Textile Fair, Executive Director of the Altagamma Foundation, Italy’s luxury goods trade association, Armando Branchini, presented the forecasts on the sales trends of personal high end products as formulated by the top management of the biggest luxury retailers in the world. According to Chairman…