Luxury digest news of the moment: a digital round up of key luxury news of the week. Inside Chanel’s ‘Ultimate Luxury’ Push: Jewellery, But Make It Tweed High jewellery is shaping up to be a key battleground for big luxury. At Chanel, the ‘booming’ category is also an opportunity to elevate the brand further, watches … Read more
More than 50 of country’s five-star establishments want to downgrade to attract officials forced to shun the high life
Chinese consumers still love luxury goods, love Burberry and prefer to buy their items abroad, according to “Luxury Purchase Power” survey by Chinese news site iFeng quoted by jingdaily. This year, Burberry topped the list of favorite brands and was followed closely by Chanel, Gucci, Louis Vuitton, Prada, and Dior. This reflects overall trends … Read more
Reversing the trend of recent years, the Americas region is the king of the luxury goods spending hill, estimated to grow at four percent in 2013 versus 2012, surpassing the estimated 2.5 percent growth rate for China, as luxury spending in that country moderates, according to the 12th Edition of Bain’s Luxury Goods … Read more
Benefitting from a fast-growing middle class and a fast-developing distribution network, sales of luxury goods in China have consistently outperformed the global market. Sales of luxury goods in China tripled in value in the 5 years to 2012 and by 2017 the country’s luxury market is set to double in value again, according to the … Read more
No more luxury items, goods or commodities above certain standards in the Chinese government agencies. The Chinese government promulgated a new regulation designed to reduce administrative costs for government and public institutions, informed xinhuanet. The regulation explicitly prohibits government agencies from purchasing luxury items, goods or commodities, as well as defines a frugal working style … Read more