Chinese buying more luxury goods at home: survey Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong, according to a poll by market research firm Ipsos, cited by AFP. The poll found that Chinese buyers preferred to shop on the mainland for luxury … Read more
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13 billion in the first half 2012, an increase of 26%. Organic revenue growth was 12%. “All business groups contributed to this performance, which is even more remarkable coming on top of the strong growth in first half of 2011. The … Read more
As global jewellery market is set to grow faster than other luxury industries, Louis Vuitton is expanding its jewelry segment with a dedicated store on Paris’ Place Vendome, the Heart and Soul of High Jewellery. The new Paris store will sell both mid-range items, from as little as 650 euros ($820), to diamond and sapphire-encrusted … Read more
European Commission Vice-President Antonio Tajani announces a political action plan to ensure the competitiveness of the sector The European luxury sector is a key driver for European jobs and competitiveness revealed a study by Frontier Economics. The study was commissioned by European Cultural and Creative Industries Alliance (ECCIA), the European Cultural and Creative Industries Alliance, composed of … Read more
Feeling entitled, consumers spent on luxury goods Top 100 Most Valuable Global Brands Report. Luxury category Conducted by influential market research firm Millward Brown, Top 100 Most Valuable Global Brands Report is monitoring the value of the great brands around the globe for a full seven years. This year almost half of the Top … Read more
Fausse Cartier, vrai casier The luxury sector continues to advocate against counterfeiting “Buy a fake Cartier, get a genuine criminal record” “With this phone, you better be ready to call your lawyer!” “Real ladies don’t like fake” “Are you ready to unravel this one?” “A bet on the wrong horse can be very expensive” “Counterfeits … Read more