Gucci Weibo

Western luxe brands turn to China’s Twitter, Weibo

Louis Vuitton, Chanel, Gucci, and Burberry are testing the Chinese microblogging service Weibo to research their most promising market of the future from the inside. The platform, which grows at 10 million users per month, has been attracting an elite of Western luxe brands over the past month, testing ideas for campaigns or other projects [...]

Louis Vuitton Lippo Plaza Shanghai

China may double luxury sales by 2015

China’s luxury spending may more than double by 2015, surpassing Japan to become the world’s largest market for branded goods, according to McKinsey & Co. Sales of luxury items in China, including clothes, handbags, watches and fine jewelry, are expected to increase to about 180 billion yuan in 2015. The 2015 estimate would be equivalent [...]

bulgari bvlagri ad

LVMH to buy Italian jeweler Bulgari

French luxury group LVMH has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal worth euro4.3 billion ($6 billion). The deal will see Bulgari’s founding family become the second largest family shareholders in LVMH behind that of Chief Executive Bernard Arnault. LVMH also announced a tender offer of 12.25 euros per share to [...]

wondergirls chloe

China shifting to no-logo luxury

The tastes of China’s wealthy are shifting away from designer goods with flashy logos to more understated luxury brands, the chief executive of French fashion house Chloe said Friday. That shift has helped Chloe become one of the Swiss luxury goods company Richemont Group‘s fastest-growing labels in China, its CEO said. “China has been very [...]

visitbritain

Filthy rich? Britain needs YOU

The United Kingdom is aiming to attract an altogether different class of visitor with the launch of a new marketing campaign with Dubai-based airline Emirates. A new marketing campaign dubbed “Britain. A tradition of Luxury” is unashamedly targeting wealthy individuals — those with over $1 million in disposable funds — to persuade them that Britain [...]

MrPorter website

Mr Porter Makes Its Stylish Debut

Mr Porter, Net-à-Porter’s new shopping site for men, is now live, offering established menswear brands such as Paul Smith and Alfred Dunhill, but also a broad range of more ‘niche’ labels including Lock & Co Hatters or Band of Outsiders. Regularly updated editorial content brings you inspiration from style icons (Mick Jagger, Basquiat, Johnny Depp), [...]

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