Tag: Luxury Industry
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European Union to focus on fashion and high-end industry
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…
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Luxury alcohol industry to be reshaped by the BRIC countries
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…
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2012 Best Global Brand: Luxury brands prove resilient
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning of luxury shifts, this year’s top luxury brands reflect a changing global consciousness – with success dependent not…
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Developed countries remain by far the largest spenders on personal luxury: study
Luxury Remains Resilient in the Face of Economic Turbulence Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real…
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Luxury and high-end industries recognised as strategic sectors for European growth and employment
The European Commission recognizes the strategic importance of the high-end industries Important days for Europe’s luxury sector. The European Commission has adopted “Cultural and Creative Sectors for creative growth in the EU” political action plan. This policy strategy qualifies cultural and creative business models, such as the luxury industry, as strategic sectors for European growth…
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The luxury goods market continues to prove resilient
Global Luxury Goods Industry to Generate Additional US$74 Billion in New Sales by 2017 Despite the global volatile economic outlook, the luxury goods market continues to prove resilient, according to the new luxury market research from Euromonitor International, one of the world’s leading provider for global business intelligence and strategic market analysis. In 2012, the…