Paul Smith Junior, Little Marc Jacobs, Junior Gaultier, Tommy Hilfiger, Rachel Riley and Munster Kids will present the latest creations at first ever Global Kids Fashion Week. The event will debut in London from March 19 – 20. The event celebrates childrenswear and its evolution over the past five years. “Kids’ fashion is playful, fun and … Read more
LVMH well-equipped to continue its growth momentum Despite an uncertain economic environment in Europe, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, says it is well-equipped to continue its growth momentum across all business groups in 2013. LVMH recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011. … Read more
Year Of The Snake Predictions For China’s Ultra Wealthy China’s ultra high net worth (UHNW) population is expected to increase by 9% to 12,250 in 2013 while the combined net worth of these UHNWIs will rise by 8% to reach US$1.7 trillion. The most significant increase is expected to be in the number of Chinese private … Read more
The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of … Read more
A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
IWC Schaffhausen inaugurates first Brazilian boutique The very first IWC boutique in all of South America was unveiled in São Paulo, the largest city in Brazil, the largest city in the southern hemisphere and Americas, and the world’s seventh largest city by population. The key attraction of the new store in the luxury shopping mall, … Read more