A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
After Tokyo, New York, Taipei, Hong Kong, Sydney, London and Moscow, the Chanel photo exhibition “The Little Black Jacket” arrived at the Paris’ Grand Palais on November 10th. From November 10 to 25, the travelling exhibit is shown in Paris. Luxury is what makes the world go round, and France is still top of the … Read more
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
LVMH: 22% Increase in Revenue for the First Nine Months of 2012 LVMH’s Beauty Sales Remain Strong LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the … Read more
In the new EU Industrial Policy strategy, published on 10 October, the European Union announces its intention to focus on creative industries, such as the European fashion, high-end, and luxury industry. “Given their economic significance, it is important to ensure that adequate policies are in place at EU level that take into account these business … 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