What you don’t know about South African luxury market South Africa is home to a significant portion of the resources used in luxury goods. South Africa has nearly 80% of the world’s platinum, is one of the world’s biggest gold and diamond miners, and has excellent leather. International appetite for local fine-craft brands like Avoova, … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
The luxury menswear market has been growing at a rate almost double that of womenswear, say the recent figures from global consultants Bain & Co. The men’s luxury fashion market (40% of the global market) is growing at about 14 percent a year, while luxury womenswear is growing by a mere 8 percent. This change … Read more
The anti-thesis of exclusivity. How The Uncertain Economy Is Changing The Definition Of Luxury Luxury has taken on a multitude of new meanings. The last three recession years have created a dramatic shift in the definition of what luxury is. “Now luxury means products with higher perceived value and increased practicality. Demonstrating this is the … Read more
Online Shopping Grows Slowly in Brazil Brazil has clearly embraced the online universe, with one in every three people having access to the Internet. But that figure is not translating into online luxury sales for social and economic reasons. “The market is still very much on the initial phase of development,” says Carlos Ferreirinha, the … Read more
Meissen head Kurtzke voted first president of the MEISTERKREIS France has Comité Colbert, the British have Walpole, Italians have Fondazione Altagamma and the Spanish – Circulo Fortuny. From 21 of October Germany has its own special interest luxury group called Meisterkreis. More than 40 German and international luxury brands formally established the ‘MEISTERKREIS – Deutsches … Read more