Global luxury goods sector remains resilient, despite tougher consumer market, according to a new Deloitte report. The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in the global economy. The average size of the … Read more
Attitudes are changing in China, but western export hopes are pinned on a swelling middle class embracing its inner consumer
I find it repugnant that bags and purses are being made out of shagreen. Isn’t it unethical?
Email lucy.siegle@observer.co.uk with your ethical dilemma
Most of the luxury industry insiders seem very optimistic. Wealth-X Luxury Sentiment Survey. Despite slowing global demand and consumption, luxury industry executives are optimistic about the first quarter of 2014, with nearly 80% confident they will see an increase in revenue from ultra high net worth (UHNW) individuals during the period, according to the inaugural … Read more
Marco De Vincenzo is looking forward to the development of his own label supported by LVMH. A new young designer and fashion label joins the luxury family of the luxury giant LVMH – LVMH Moët Hennessy Louis Vuitton. The group present in all the sectors of the luxury industry (Wines and Spirits, Fashion and Leather … Read more
Gourmet dining, private flights, bespoke safaris, slimming clinics and art auctions emerging as top status symbols