In just a few years, the explosive development of the e-commerce industry in China has led to the revolutionary transformation of the ways in which luxury brands do business there. Alibaba group has played a crucial role in shaking up … Read More
After two years of decline, mainland China’s Luxury market rebounded with a 4% sales increase in 2016 as consumers shifted a portion of their spending back home from overseas. This shopping “repatriation” came after many brands narrowed the lingering gap between their … Read More
Italian automaker Ferrari is one of the few luxury brands to have increased production, and therefore revenue, without sacrificing its exclusivity, according to Brand Finance. Ferrari improved by three points this year brand strength as referenced by Brand Finance’s rankings. The … Read More
Luxury hubs such as New York, London, and Paris are very likely to sustain their density of luxury stores. But brands urgently need to examine the efficiency of their existing store networks—especially across Asia, and particularly in light of the … Read More
Chinese consumers have often been referred to as the future saviors of the global luxury industry. Rapid economic growth experienced in the country has meant that now a greater number of Chinese consumers have the purchasing power to buy luxury … Read More
New data shows more luxury stores opened in London than in any other city last year – a total of 41 new openings –compared to Paris’ 36 and New York’s 31. According to the Global Luxury Retail report, 15 of … Read More
London continues to be the most promising city for the growth of the luxury retail sector, regardless of the Brexit vote, according to a recent report. The long-term growth potential of London as a luxury destination is more than that … Read More
China’s recent recovery in luxury spending may boost sales of domestic department-store operators and luxury-goods retailers, including Golden Eagle Retail Group Limited (BB-/Negative), Hengdeli Holdings Limited (B+/RWN), and Parkson Retail Group Limited (B-/Negative), though it may not be enough to … Read More
Luxury jeweller Fabergé, owned by the world’s top emeralds and rubies-miner Gemfields Plc, has entered the Indian market and sell its products by select trunk shows in Mumbai and Delhi. Products sold in India include a selection of coloured gemstones, … Read More
Recent positive financial results from the world’s leading luxury houses has reinstated sector optimism for the first time in years, according to London’s Savigny Partners. In January, for the fourth consecutive month, Savigny Partner’s Savigny Luxury Index (SLI) gained by … Read More
