Global luxury goods sector remains resilient, despite tougher consumer market, according to a new Deloitte report. The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in the global economy. The average size of the … Read more
Hurun Report releases Chinese Luxury Consumer Survey 2014 and Hurun Best of the Best Awards 2014. According to Hurun Report Chinese Luxury Consumer Survey 2014, the average spending of China’s high net worth individuals has decreased by 15%, with spending on gift giving down by a dramatic 25%. HNWIs are busier than ever. They … Read more
If you think about it, almost any ordinary household item can easily become a great example of luxury and sophistication as long as it is made using luxurious materials or is adorned with precious stones. This is particularly true for writing instruments, but since the widespread use of computers is slowly making handwriting obsolete, high-end … Read more
Louis Vuitton, Emporio Armani, and Salvatore Ferragamo among brands to open their doors in Parque Arauco Kennedy. The city of Santiago has the first luxury district in Chile. Parque Arauco, a leading Latin American shopping mall developer and operator with presence in Chile, Peru, and Colombia, has inaugurated a “Luxury District” in their flagship mall, Parque … Read more
September 2011, the 4th edition of the Only Watch charity watch auction raised above € 4 million for research into Duchenne Muscular Dystrophy, a degenerative neuromuscular disease affecting 1 in 3,500 boys, therefore 250,000 children, adolescents, and young adults around the world. Although the research money enables scientists to make progress in promising avenues … Read more
In an attempt to find growth, the companies are, again, turning to multichannel, believing that when channels coordinate, the whole is greater than the sum of its parts. Although e-commerce continues to register double-digital growth year-over-year, online sales have not matched the hype and vision evangelized over the last 15 years. In the same vein, … Read more