Burberry sales up but outlook for sector remains uncertain
Maker of signature trenchcoats and scarves says growth has returned in China and South Korea, though Hong Kong sales slumped by 20%
Hong Kong
The cost of living in luxury and wealth creation in Asia. Study
Some highlights of the Julius Baer Lifestyle Index 2015. Despite its maturing economy, China’s HNWI wealth is expected to increase to USD 8,249.6 billion in 2020, trebling the 2010 figure and making it one of the biggest wealth creation engines in the Asia region, says the 5th JULIUS BAER WEALTH REPORT: ASIA. China’s HNWI wealth … Read more
Dior’s First Hotel Spa Treatment In Asia
Sublime sensory experiences doubled by the expertise of Dior Science. The Oriental Spa at The Landmark Mandarin Oriental, Hong Kong is the first hotel spa in Asia to offer Dior Skincare. The launch of the new Dior Prestige Treatment coincides with the hotel celebrating its 10th anniversary in 2015. The launch reflects a shared mission … Read more
Hong Kong opens £193m luxury Buddhist monastery to public
Brainchild of Li Ka-shing, Asia’s richest person, Tsz Shan complex features several grand halls, gardens and 250ft statue of goddess Guan Yin
Top ten global retail rents. Luxury retailers are in the sweet spot
Luxury Retailers are thriving throughout top global markets, according to Colliers International‘s latest global retail report. Among the top 10 global retail rents for the year (per square foot in USD), New York’s Fifth Avenue is the pinnacle, with NYC’s Madison Avenue also on the list, while Hong Kong holds three spots. The list is … Read more
Savile Row tailor fears overseas threat to rich tapestry of tradition
Shirtmaker believes buyouts detract from street’s fashion cachet, with only two family-owned tailoring houses left on Savile Row