The strong luxury real estate market of the past two years will continue for the remainder of 2022 and into 2023 despite high inflation, rising interest rates and stock indexes that have posted double-digit losses on the year. That is one of the main conclusions of the new 2022 Mid-Year Luxury Trends Report recently released … Read more
Asia’s leading brand distributor and operator Bluebell Group released the second volume of the “Asia Lifestyle Consumer Profile“. Based on an Asia-wide survey covering 2,100 premium lifestyle consumers across 6 markets – Mainland China, Japan, South Korea, Hong Kong, Taiwan and Southeast Asia (Singapore and Malaysia) – the study outlines five leading consumer personas and … Read more
Electric vehicles to reshape the automotive and mobility industries faster than anticipated. Report. Bain expects the profit pool for the EV charging sector in the US, Europe and China to grow to up to €13.5 billion by 2030. New research from Bain & Company shows electric vehicles (EVs) are set to reshape the automotive … Read more
Christie’s Global Sales Achieve £3.3 B / $4.1 B in First Half 2022 “Our results in the first half of 2022 have been remarkably strong, with many memorable moments like the sales of Warhol’s Marilyn and of the Bass collection in New York, and of the Givenchy collection in Paris. These results have been achieved … Read more
Bain & Company expects the wealth management market to double in size, exceeding $500 billion in revenues by 2030 Bain & Company released today a new study on the wealth management market, predicting customer demand for wealth management services to surge to more than $500 billion by 2030—double the size of the market in 2021. … Read more
Mastercard SpendingPulse: U.S. Retail Sales in June Reflect Rising Prices for Essentials, Continued Leisure Spending. According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending excluding automotive increased +9.5% year-over-year (YOY) in June, while retail sales excluding auto and gas rose +6.1% YOY. Rising prices—particularly … Read more