Consumers felt entitled to buy luxury again. Top 10 luxury brands The value of top 10 luxury-goods brands surged 16 percent to $111 billion, according to the 2014 BrandZ study published by research company Millward Brown. The luxury category brand value rose 16 percent, following a 6 percent rise a year ago.The strong performance illustrates both … Read more
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
The most-sought after luxury brands in China. Chanel overtakes Louis Vuitton as most sought-after global luxury brand in Digital Luxury Group‘s World Luxury Index China – 2nd edition. Chanel overtook Louis Vuitton thanks to rising interest in various product segments, particularly beauty. Interest for Louis Vuitton on the other hand originated mainly from the fashion … Read more
Global Luxury Goods Industry to Generate Additional US$74 Billion in New Sales by 2017 Despite the global volatile economic outlook, the luxury goods market continues to prove resilient, according to the new luxury market research from Euromonitor International, one of the world’s leading provider for global business intelligence and strategic market analysis. In 2012, the … Read more
Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
Ferrari opens first exhibition outside of Italy in China For Ferrari China is now its second-largest market. The extraordinary demand from Chinese luxury consumers has led to a new special edition model based on 458 Italia. Unsurprisingly, Ferrari’s newest attraction will be also in China. Ferrari will inaugurate in a few weeks time a new 900 … Read more