This is the ‘luxury drought” The conventional wisdom is that as people feel wealthier, they tend to spend more money on consumer goods and services. But today a reverse wealth effect is taking hold, according to a report from Unity Marketing entitled Marketing in New Luxury Style in 2015: What Affluents Buy, How They Spend, … Read more
New research casts doubt on the theory that polar bears could survive habitat loss as sea ice declines by foraging for food on land
#Luxury is not just for rich people, it’s jobs for Europe. If EU luxury sectors, taken collectively, represented a country, they would be the seventh largest economy in the EU. Despite the weak economic conditions Europe’s luxury industries continue to deliver strong performance, according to a new report issued last week by The European Cultural … Read more
Global livestock industry produces more greenhouse gas emissions than transport but fear of a consumer backlash is preventing action, says Chatham House report
Rising demand for luxury pets in the Gulf states taking gruesome toll as two-thirds of snatched cubs are dying en route
Affluent consumers are more likely to purchase a lifestyle property now than they were five years ago. “If the top wishes of wealthy Americans could be expressed in a single dream home, it would be a “lifestyle property” on the waterfront with a multicar collector’s garage, which they designed themselves,” says the just-released Sotheby’s International … Read more