From Louis Vuitton’s Monogram patterns and Hermès’ Birkin handbags, to Mulberry’s Bayswater series, luxury brands’ classic pieces not only once defined the essence of each mega-brand, but also served as a key source for growing sales and profits. However, a … Read More
Today, the Indian market is flooded with goods from all across the world. Giving tough competition to local brands of the country, many global brands have managed to secure a loyal clientele in Indian cities. There is a strong inclination … Read More
Tight-fisted shoppers, unsteady economic growth and a shrinking population: Japan doesn’t exactly fit the image of a spending powerhouse these days. But you would never know it in Ginza — Tokyo’s answer to the Champs-Elysees or Fifth Avenue — where … Read More
In the past few months, the House of Fabergé, infamous makers of the world’s most luxurious eggs, which range from $5,000 to $3 million, launched an initiative to break into the Indian market. Remarkably, India was the most dynamic luxury … Read More
Kering Group reports first quarter revenues increase by 31.2% to €3.57bn, lifted by a 34% jump in sales. The growth was driven by double-digit increases across its product categories, including “ever-increasing demand for ready-to-wear and shoes”, as well as “excellent … Read More
Russian and American shoppers in particular are also key to the spending bonanza, new data from London Luxury Quarter showed. International tax free shopping data for the area that includes Mayfair, St James’s and Piccadilly showed growth of 39% for … Read More
In two years, China is expected to be the biggest luxury-car market Super-luxury and supercar sales haven’t slowed in China, despite President Xi Jinping’s attack on conspicuous consumption a few years back. Maserati, McLaren and Porsche each just had their … Read More
2016 results on expenditure from major outbound markets reflect increasing demand for international tourism across the world, with a 12% increase in spending, China continued to lead international outbound tourism, followed by the United States, Germany, the United Kingdom and … Read More
Average luxury goods prices in China are 20 percent higher than the global average, according to new research. LONDON, United Kingdom — Average luxury goods prices in China are 20 percent higher than the global average, on constant currency, according … Read More
Shares in LVMH, the world’s biggest luxury goods group, hit a record high on Tuesday after the French company reported a surge in first-quarter sales that beat analysts’ forecasts. LVMH shares rose as much as 2.9 percent to an intraday … Read More