Steep taxes on luxury goods in China forced Chinese shoppers to head overseas to pick up the latest fashions or other luxury items. Chinese consumers traveled also because they had a wider choice of goods available overseas. A recent survey by business research and consulting firm Frost & Sullivan quoted by AFP has predicted that … Read more
ModeWalk.com Attracts $1.8 Million in Series A Financing to Offer the Most Immersive Luxury Shopping Experience Online Luxury Shopping site ModeWalk.com attracted over $1.8 million in funding led by Merus Capital with additional investments from prominent Silicon Valley angel investors and luxury industry executives. This Series A financing is designed to accelerate development of technology, … Read more
Berluti launched its first menswear collection The luxury industry is driven by male consumers, who are now spending £155 billion a year on luxury clothes and accessories for themselves, according to a new study. “Men seem to be a little bit more selfish these days, and spend a bit more on themselves and a little … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
What can say about “luxury” a true specialist and a luxury expert? What could say about perfumes a true perfumer? Well, Creezy Courtoy is the person you are looking for. Dedicated to luxury and perfume industry in particular, the author of the famous “Les Routes du Perfum” revealed some of the achievements of many years … Read more
Luxury Institute’s trends for 2012: The luxury industry players are asking the same question: How much will last the relative growth registered in 2011? Luxury Institute, after an actionable research with wealthy consumers, presented its annually report on trends that all luxury brands should follow the next year: 1. The Annual Luxury Brand Check-Up Emerges … Read more