Factors to watch in the mix of consumers and luxury products Bain & Company, one of the leading advisor to the global luxury goods industry expects an average of seven to nine percent annual increases in global sales to fuel luxury brands’ growth aspirations until the middle of the decade. “Brands must develop strategies … Read more
Most (82%) wealthy Americans define social responsibility by a company behaving ethically with employees, customers and suppliers. Environmental behavior and philanthropic actions are both named by respondents as an essential component of CSR (58%), according to a new survey by the independent and objective New York-based Luxury Institute, “Corporate Social Responsibility: The Wealthy Consumer’s Viewpoint.” … Read more
European Commission Vice-President Antonio Tajani announces a political action plan to ensure the competitiveness of the sector The European luxury sector is a key driver for European jobs and competitiveness revealed a study by Frontier Economics. The study was commissioned by European Cultural and Creative Industries Alliance (ECCIA), the European Cultural and Creative Industries Alliance, composed of … Read more
We had the opportunity to speak about luxury , precious materials and the timeless elegant pieces with Valerie Mouawad, co-founder Norma Ishak – a luxury accessory line that celebrates the individual style and personality of the contemporary woman. How the whole story of Norma Ishak started ? It is a family brand. What are the … Read more
Gucci Kids, Burberry Children, Armani Junior and Baby Dior have expanded in China’s major cities and become the drivers for luxury spending in China. Wealthier Chinese consumers say they spent more than 376 euros per month on luxury items for their children, a significant 40 percent rise over the previous year, according to Hong Kong-based … Read more
Feeling entitled, consumers spent on luxury goods Top 100 Most Valuable Global Brands Report. Luxury category Conducted by influential market research firm Millward Brown, Top 100 Most Valuable Global Brands Report is monitoring the value of the great brands around the globe for a full seven years. This year almost half of the Top … Read more