China’s luxury market expected to grow 4 to 6 percent in 2024
The fact that China’s economy may now be weakened but its domestic luxury market is almost double the size it was in 2019, with growth…
Luxury brands and retailers expect more turbulence in 2024
With wars grinding in Ukraine and the Middle East, and a record number of countries holding elections in 2024, consumers are, understandably anxious, and more…
Demand for major luxury watch brands on the decline
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that…
SAINT LAURENT opens largest store globally in Paris
Saint Laurent’s newest and largest flagship in the world has opened to the public over the weekend in Paris at Avenue des Champs-Élysées. The store debuts…
Luxury retail could slow down in 2024
Following years of growth, the luxury industry might face a slowdown, according to RBC Capital Markets. LVMH’s stock price falling -7% following its quarterly results, its biggest…
High end hospitality hit hard by the wars in Israel and Ukraine
According to a research by CPP, the ongoing war in Ukraine and the war in Israel will have a major inhibiting effect for the ‘traditional’ source…
China’s hotel market to reach US$ 166 billion by 2028
Ever since China reopened its international borders earlier this year after the three-year-long pandemic-induced lockdown, there has been a notable increase in both hotel demand…
Bucherer (Rolex) partners with Mytheresa for its fine jewellery
Bucherer has announced that its jewellery brand Bucherer Fine Jewellery will be exclusively available with luxury online retailer Mytheresa, marking the brand’s first online retail partnership. The…
Visitors cut spending on luxury goods due to Britain’s tourist tax
A new report from the British luxury council which represents around 600 businesses in London, has found that spending in the capital by tourists this…
Harrods welcomes four new Chefs at the revamped Dining Hall
Harrods has confirmed it will reopen its Dining Hall with restaurants from four new chefs including Masayoshi Takayama, who operates the three-Michelin-starred Masa in New York, and Dubai-based…
Rolex acquires luxury watches and jewelry retailer Bucherer
Rolex has confirmed the acquisition of major international luxury watches and jewellery retailer Bucherer. After a nearly 100-year-long authorized retailer relationship between the two brands, Rolex will…
Sluggish first quarter for US luxury retail sales
For the first quarter of 2023, the majority of luxury brands and groups saw a decline in sales in America (Kering, Burberry, Prada, Richemont etc). Hermès is one…
Les ventes de LVMH ralentissent aux États-Unis alors que la Chine rebondit
Les ventes de LVMH aux États-Unis ont diminué au deuxième trimestre, la morosité de l’économie ayant dissuadé certains acheteurs d’acheter vêtements et sacs à main…
Jane Birkin: The woman with a bag named after her dies at 76
Getting into the fashion industry can be easy. Maintaining a name into the business too. But leaving this world behing being an icon of the…
Luxury goods, a prime investment for money launderers
Luxury goods and their potential connection to “dirty money” or illicit activities is a constant subject of scrutiny and concern. Most luxury brands have faced…