Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
The sale of fattened duck and goose liver will be banned in California The days of foie gras are numbered…Foie gras, the goose liver pâté typically achieved through gavage (force-feeding corn), will be forbidden 1st of July in California, as many animal associations reported against it and a new law will be activated. Gavage-based foie … Read more
Feeling entitled, consumers spent on luxury goods Top 100 Most Valuable Global Brands Report. Luxury category Conducted by influential market research firm Millward Brown, Top 100 Most Valuable Global Brands Report is monitoring the value of the great brands around the globe for a full seven years. This year almost half of the Top … Read more
Zagat’s favorite Parisian restaurants The Zagat guide released its 2012/13 Paris Restaurants Guide covering 714 eateries in the Paris area. The results are based on the shared input of 8,015 avid diners, curated by Zagat, known as the “burgundy bible” and considered the world’s first crowd-sourcing restaurant guide. According to the survey, Parisians eat out … Read more
LVMH’s Green Initiative Echoing the “Green Week” European conference held in Brussels this week, LVMH luxury group has announced its own internal Green Week initiative. Speaking on the eve of the opening of 2012 Green Week, The EU Environment Commissioner Janez Potočnik said that he was happy to “see that LVMH encourages good environmental practices … Read more
Gold demand in China is expected to rise up to 30 percent this year China – the largest jewellery market for the third consecutive quarter. Global gold demand in Q1 2012 was 1,097.6 tonnes, down 5% from the high demand levels seen in Q1 2011, according to the World Gold Council’s Gold Demand Trends … Read more