Swiss watch exports to UK rise as tourists make most of fall in sterling
Increase taps into surge of visitors to UK, exploiting what has become the cheapest luxury market in the world, say analysts
luxury goods market
Milan fashion week sees brands offer a more restrained glamour
Max Mara presents practical style as fashion houses react to falling sales at labels such as Gucci and Prada, reflecting a shift in tastes away from obvious bling
Luxury brands in a quandary as China’s wealthy young develop resistance to bling
Gucci and Prada’s financial results are disappointing and there’s a fear that the west can’t provide what sophisticated Chinese shoppers want
Americas region is the king of the luxury goods spending hill
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
HNWI and low cost of production to drive the yacht market in China
China Yacht Market Set to Grow at 13% Cagr During 2012-2017 Says TechSci Research Increasing number of high net worth Individuals (HNWI), favorable government policies, and low cost of production are contributing to the growth of yacht market in China. Several foreign players are now manufacturing yachts in China to lower their costs of … Read more
Global luxury market forecast: Fundamentals for growth remain strong, but it’s going to be a bumpy ride
Bain Projects Global Luxury Goods Market Will Grow Overall by 10% in 2012, Though Major Structural Shifts in Market Emerge Strong Holiday Sales Will Cap Off Strong Performance in 2012 Worldwide luxury goods market revenues will grow by seven percent in the final three months of 2012 versus the same period in 2011, culminating in full … Read more