Fortnum & Mason reports bumper year despite Hong Kong protests
Profits rise 26% to £12m, offsetting slump in footfall as retailer’s new shop hit by pro-democracy clashes
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Asia delivers the majority of luxury market growth; online continues to disrupt. Report
The global luxury market confirmed this year the moderate growth rate associated with the ‘new normal’ era, mainly driven by Asian buyers. “The luxury customer is present and increasingly active, dramatically rewriting the rulebook of the industry. Brands will need to pivot to a new model to respond to customers’ needs when it comes … Read more
Mulberry reports £11m losses despite efforts to win younger customers
UK sales fall after department store discounts, but brand says growth in Asia has accelerated
Super-rich fuelling growing demand for private jets, report finds
Growth centred in US and China, with slowdown in Sweden attributed to Greta Thunberg
Rising popularity of wellness tourism expected to drive the growth of the glamping market. Report.
An increasing number of travelers are seeking to unwind by connecting to nature while enjoying luxury: Glamping Market Size Worth $4.8 Billion by 2025. Rising influence of social media and internet is projected to create awareness about glamping among millennials. The global glamping market size is expected to reach USD 4.8 billion by 2025, … Read more
China continues to dominate the luxury scene, says Bain & Company’s report
The global personal luxury goods market reached a “new normal” pattern of growth, says Bain & Company’s report According to Bain & Company‘s new report, the future of the luxury industry is taking shape with a number of key characteristics, including Chinese Generation Z, access, ownership, sustainability and social responsibility, the impact … Read more