Tag: Luxury Industry
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BRIC countries to account for more than 35% of projected luxury global sales over the next five years
Euromonitor International’s latest research on the global luxury goods market indicates another solid year’s performance for 2013. Driven mainly by strength in emerging economies, overall retail growth is set to be stronger than in 2012, with luxury goods sales to exceed US$318 billion worldwide. This will represent a year-on-year real value gain of over 3%…
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Luxury brands stay strong: Interbrand’s 2013 Best Global Brands
Interbrand’s 2013 Best Global Brands. The luxury sector. Despite the fact that China’s GDP growth has slowed, luxury brands performed solidly in this year’s Best Global Brands ranking by Interbrand. Seven of this year’s 100 most valuable brands hail from the luxury sector, and each increased its brand value by five percent or more. The top…
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Thailand to scrap import duties on luxury goods
To help the country compete with Hong Kong and Singapore, Thailand’s government announced intention to scrap import duties on luxury products, visitors from China being key target of the new measure. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance…
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Emerging markets tend to perceive brands as more luxurious
Chanel and Clinique are leading the way in luxury beauty: Euromonitor International. Economy, Standard, Premium or Luxury? Brand Perceptions Around the World. Different markets and regions have completely different perceptions of luxury brands. According to Euromonitor market researcher, the perception of brands as luxurious and trends in buying behaviours differ between developed and emerging markets…
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European citizens see the high-end sector as an ambassador of European values
European citizens see the high-end sector as an ambassador of European values such as quality, excellence and creativity; The high-end sector as an ambassador of European values. Over 75% of European citizens recognise the importance of the high-end industry for the future of Europe’s culture and economy. European citizens see the high-end industry as…
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LVMH’s Les Journees Particulieres, second edition, 2013
Doors Open Days at LVMH: the giant of luxury opens its doors for the 2nd edition of “Les Journees Particulieres” Luxury industry leader LVMH Group is once again celebrating the craftsmanship and heritage of LVMH luxury maisons with the second edition of “Les Journees Particulieres” which will take place on June 15 and 16. This year,…