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Luxury goods titan LVMH Moët Hennessy Louis Vuitton is making waves in Asia as it continues to reshape its strategies in response to shifting consumer behavior across the region. Following a noteworthy dip in earnings during the summer months, the company has…
As 2018 comes to a cold & wintry end, as political environment hots up, as new alliances, mergers and acquisitions take shape in business & politics, as GST corrections & FDI norms in ecommerce are tinkered, what is it that the Indian Luxury Industry can look…
In China, luxury goods are no longer exclusively for well-heeled city folk. In fact, the future of brands like Louis Vuitton, Chanel, Gucci and Prada may lie in smaller cities like northern China’s Hohhot, which is 10 hours by rail to the capital of Beijing…
Following a decade of declining health, 88-year-old King Bhumibol Adulyadej of Thailand, the world’s then-longest-reigning monarch, passed away in Bangkok on October 13. The king’s untimely death concluded a reign that lasted more than seven decades and…
China and the Chinese played a primary role in the growth of the luxury sector in the past decade. But what was once a boon for luxury goods brands is now turning around. Chinese consumers account for the largest portion (31 percent) of global luxury…
Chinese shoppers now account for 31 per cent of the world’s annual luxury sales. According to Bain & Company’s 2015 Worldwide Luxury Report, the overall luxury industry will surpass €1 trillion in retail sales value in 2015. The market delivered healthy…
