Fake products harm the economy, as they damage legitimate business and starve innovation. Counterfeiting activities account for over €200 billion in losses for the world economy and it is estimated that such losses may climb further, according to European Commission‘s latest study “Too good to be true: the real price of fake products”, a report … Read more
The most popular form of vacationing among affluent holidaymakers: US According to the biennial study Resonance Report 2013, in good times and bad, the desirability of leisure never wanes for affluent American households. Leisure is an unwavering, trend-proof, recession-resilient status symbol. What shifts is the choice of travel companion, destination and experience. The Resonance Report … Read more
Rolls-Royce has a double celebration. The British luxury car manufacturer celebrates the tenth year of the marque under BMW Group ownership. The company commemorates yet another key milestone – the 150th anniversary of the birth of Sir Henry Royce. What better way to celebrate than with ‘Strive for Perfection’ – the first ever Rolls- Royce … Read more
Top global destinations lead resurgence in luxury residential property market, reports Christie’s International Real Estate in a new study on the global prestige residential market. Entitled Luxury Defined: An Insight into the Luxury Residential Property Market, the report compares 10 of the world’s top property markets—London, New York, Hong Kong, Paris, San Francisco, Cote d’Azur, … Read more
The global market for luxury goods has returned to steady growth, after the recessionary decline of 2008. While the developed countries dominate sales, the emerging ones are growing faster. In consequence, luxury brands manufacturers and retailers will continue to switch their focus to these new sources of growth. Three BRIC countries will be the … Read more
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