China’s personal luxury market spent 2025 in a state of “recalibration,” which is essentially corporate-speak for everyone collectively deciding to stop panic-buying handbags and start asking if that fifth leather tote is actually worth the price of a small car. According to the latest deep dive from Bain & Company, the market contracted by about … Read more
Is Harrods’ Expansion into China a Game-Changer for the Luxury Industry? As mainland China is becoming a more important market for luxury shopping, Harrods, London’s most iconic department store, will open a new private member’s club in Shanghai at the end of 2023 in a bid to appeal to the country’s ultra-rich consumers. Harrods, the … Read more
Parsons Paris Announces New Fashion and Luxury Educational Online Program for High School Students. Course Provides Students with Behind-the-Scenes Look Inside the Business of Fashion and Luxury. Parsons Paris, the European campus of The New School’s world-renowned Parsons School of Design, announced a new online course for high school students, Inside the Business of … Read more
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
Gucci and Prada’s financial results are disappointing and there’s a fear that the west can’t provide what sophisticated Chinese shoppers want
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