luxury

Luxury spending is increasingly becoming the domain of Generation Y

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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

CFDA/Vogue Fashion Fund Awards 2012 goes to luxury cashmere label The Elder Statesman

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CFDA/VOGUE Fashion fund prize winner Joseph Altuzarra admits that even though his tenure as the 2011 winner of the Council of Fashion Designers of America (CFDA)/Vogue Fashion Fund will end shortly, he doesn’t exactly see himself as stepping down. “I love welcoming new people to the club! Once you win, you get to keep the … Read more

Luxury is what makes the world go round, and France is still top of the game

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After Tokyo, New York, Taipei, Hong Kong, Sydney, London and Moscow, the Chanel photo exhibition “The Little Black Jacket” arrived at the Paris’ Grand Palais on November 10th. From November 10 to 25, the travelling exhibit is shown in Paris. Luxury is what makes the world go round, and France is still top of the … Read more

Global luxury market forecast: Fundamentals for growth remain strong, but it’s going to be a bumpy ride

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Bain Projects Global Luxury Goods Market Will Grow Overall by 10% in 2012, Though Major Structural Shifts in Market Emerge Strong Holiday Sales Will Cap Off Strong Performance in 2012 Worldwide luxury goods market revenues will grow by seven percent in the final three months of 2012 versus the same period in 2011, culminating in full … Read more

Watches & Jewelry brands are ramping up e-commerce and rapidly adopting social media

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Digital IQ Index: Watches & Jewelry 2012 edition For the second year in a row, Tiffany & Co. has earned the top position in L2’s “Digital IQ Index: Watches & Jewelry” ranking, a study which benchmarks the digital competence of 47 prestige Watches & Jewelry brands across four dimensions: site, digital marketing, social media, and … Read more

European Union to focus on fashion and high-end industry

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In the new EU Industrial Policy strategy, published on 10 October, the European Union announces its intention to focus on creative industries, such as the European fashion, high-end, and luxury industry. “Given their economic significance, it is important to ensure that adequate policies are in place at EU level that take into account these business … Read more