Luxury Brands: Innovation Is No Luxury, But A Necessity

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In the 2017 State of the Luxury Industry Study, sponsored jointly by Luxury Daily  and Unity Marketing, the over 600 industry insiders surveyed identified the need for innovation a critical business priority for 2017. Because of the rapidly changing consumer … Read More

Sydney, Melbourne luxury homes high on the list for expat investors

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The appreciating dollar and new taxes have not deterred overseas investors buying up luxury homes in Melbourne and Sydney, according to the latest Knight Frank Prime Global Cities Index. The report, for the second quarter of calendar 2017, tracks prime residential prices … Read More

Alibaba Unveils Exclusive Luxury Pavilion Courting Super-Wealthy Chinese Shoppers

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Calling All Super-Wealthy Tmall Customers Chinese e-commerce giant Alibaba Group today launched the Luxury Pavilion, a brand new section within its business-to-consumer site Tmall for premium and luxury brands. The initiative is part of a broader bid, according to Alibaba’s news … Read More

Luxury Retailers Have To Sell Experiences To Keep Asian Consumers Interested

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The buzzword that drives retail today is experience. And if luxury retail is to retain its place at the top, it must capitalize on the so-called “experience economy” to engage discerning consumers. Spending is shifting from traditional products to experiences, according … Read More

Alibaba and luxury giant Kering have gone from enemies to allies in the battle against knockoffs

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Alibaba, China’s largest e-commerce company, has been trapped in a conundrum. It wants to be the world’s portal for selling to Chinese shoppers, including the growing ranks of wealthy customers willing to drop a few thousand dollars on items such … Read More

Gucci Isn’t the Only Brand Fuelling Growth at Kering

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The luxury conglomerate’s growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent. PARIS, France — French luxury group Kering delivered a forecast-beating rise in first-half operating profit on … Read More

LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds

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Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday. PARIS, France — LVMH, the world’s biggest luxury-goods maker, reported first-half profit in line with analyst estimates as earnings … Read More

SPECIAL FEATURE: 5 Steps Helping Ensure a Financially-Rewarding Retirement

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Expert tips for cultivating a nest egg that ‘really’ meets your nearing retirement needs and desires                 While plenty of people are duly committed to saving for retirement through 401k, IRA or other nest egg-inducing … Read More

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