Tag: Luxury Industry
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Bernard Arnault: “2012 was another remarkable year for LVMH”
LVMH well-equipped to continue its growth momentum Despite an uncertain economic environment in Europe, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, says it is well-equipped to continue its growth momentum across all business groups in 2013. LVMH recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011.…
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Estee Lauder, Audi, Chow Tai Fook, and Lancome – the highest digital IQ in China
The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of…
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Luxury spending is increasingly becoming the domain of Generation Y
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…
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Luxury is what makes the world go round, and France is still top of the game
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…
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Global luxury market forecast: Fundamentals for growth remain strong, but it’s going to be a bumpy ride
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…
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LVMH’s sales continued to show strong momentum. 22% increase in revenue for the first 9 months of 2012
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…