Tag: Luxury Industry
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Luxury Consumers Lack Commitment: survey
Downward shift in luxury consumer attitudes at the start of 2012 signals shift toward ‘inconspicuous’ consumption that minimizes ostentation Media reports of a ‘renaissance’ in the luxury market appears to be limited to an extreme top tier of consumers, a small number compared with the bulk of the luxury marketplace potential, says the latest Unity…
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Strong demand despite weakening global economy: Hermes posted record 2011 sales
Luxury brands have continued to enjoy strong sales despite world economic concerns. French luxury group Hermes said to AFP it posted record sales of 2.8 billion euros in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. French luxury goods giant LVMH said last week it had enjoyed a…
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Lowering taxes on designer goods expected to encourage more spending in China
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…
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Luxury Shopping site attracts $1.8 Million financing
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,…
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Berluti menswear collection: inconspicuously luxurious clothes
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…
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Bling-free luxury business: People are going to want more quality, and less ostentation
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…