global luxury industry

Global Luxury Industry: Weekly Overview and Major Events

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The luxury industry this past week has continued to grapple with the economic and consumer shifts that have defined the year, but with some notable brand-specific highlights and developments. The overarching theme remains a market slowdown, particularly in key Western markets, but with some brands and regions showing resilience. Key Financial and Market Insights Mixed … Read more

Developed countries remain by far the largest spenders on personal luxury: study

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Luxury Remains Resilient in the Face of Economic Turbulence  Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real … Read more