Women are bolstering the high-end watch business Hublot Chief Executive Officer: “You have three good reasons to work on this population” Ladies watches is a market worth $3.9 billion last year and set to grow 30 percent between 2010 and 2015, excluding inflation, according to researcher Euromonitor. “Women are buying more than men, women are … Read more
The debt crisis “will definitely have an impact on consumption” of luxury goods Luxury-goods companies should brace for weaker growth in 2012 as Europe’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, chief executive officer for designer Roberto Cavalli. “To say it won’t have an effect is madness,” Brozzetti … Read more
Hermes says buying power of luxury clients unchanged French luxury goods maker Hermes sees no sign yet of affluent buyers tightening their purse strings in spite of a somber global economic outlook, the head of the brand said at Paris Fashion Week. The luxury goods industry continues to grow at a solid pace thanks to … Read more
Dolce & Gabbana plans to launch a collection of jewelry Dolce & Gabbana plans to launch a collection of jewelry with prices as high as $20,000 or so for a necklace, a sign that the fashion house has been refocusing its efforts on the high end of the luxury industry. Using diamonds, rubies, black jade … Read more