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
Wealthy Consumers From Seven Nations Define What Constitutes Luxury and How They Shop and Rank Brands; Superior Quality, Craftsmanship and Customer Service Remain Essential but Many Firms Fall Short New York City-based Luxury Institute released “Luxury Branding and Marketing: A Global Comparison of Wealthy Consumers in Top Markets,” a survey of wealthy consumers in the … Read more
French luxury brand Hermes said on Friday it was on track for record sales this year amid “remarkable growth” in Asia and the Americas, as it announced an 18 percent rise in third-quarter sales. “We are going to beat the 2.4 billion euros in sales of 2010,” Hermes boss Patrick Thomas told AFP after the … Read more
Luxury sellers look to Latin America Latin America is viewed as a growth market for luxury products, said media and marketing executives who attended the Festival of Media Latam in Miami Beach. As growth in mature markets around the world slows and disposable income increases in Latin America, “now all the luxury brands need Latin … 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
Tom Ford opens women’s store in luxury-loving Russia Fashion designer Tom Ford has opened his first women’s clothes store in Moscow, giving a confidence boost to Russia’s reviving luxury goods market. The 50-year-old Ford said he was not phased by the prospects of another economic recession in Russia, which previously ranked as the fourth-largest buyer … Read more