Tiffany shop Hong Kong

Luxury goods sales set for 10% growth: study

The luxury sector is set to post double-digit growth this year to 191 billion euros driven by the appetite of Chinese consumers for top-quality goods, according to a study by Bain & Company released on Monday. While “the global economic situation is difficult” the luxury sector “is in good health and is growing above all [...]

Burberry fashion show Beijing

Top 10 Luxury Brands Using Digital

L2, a company that conducts research on digital business innovation, has released a study on the most web-savvy designers. Burberry, which this week reported a 30-percent revenue rise for the first half of the financial year mainly due to a boom in the Chinese market, came out on top — “proof that digital investments translate [...]

store opening Longchamp Shanghai

Shanghai’s young high rollers splurge on luxury

Thousands of rich Shanghai residents have turned China’s most cosmopolitan city into the luxury capital of a country that is expected to become the world’s largest market for the sector between 2012 and 2015. Shanghai topped China’s luxury market in 2010-11 with 18% of overall sales, ahead of Beijing’s 16% and the eastern city of [...]

chanel fall winter 2011

Chanel Files Internet Counterfeit Lawsuit

Luxury retailer Chanel Inc. recently filed a “cyber-piracy” lawsuit against 399 websites, charging them with infringement on it’s trademark and selling counterfeit Chanel items, on the Internet. The counterfeit items infringed upon include; handbags, shoes, wallets, jewelry, scarfs, sunglasses and clothing bearing the Chanel name. The suit claims that the websites, specifically, use SEO strategies, [...]

Front row fashion show

Fashion bloggers to spur online luxury sales

Fashion bloggers will help propel online sales of designer clothes, jewels and luxury cars to more than 11 billion euros ($15 billion) in 2015. The exclusive fashion world has embraced the Internet later than other industries but is catching up quickly. Brands such as Burberry, Tiffany and Gucci are increasing exposure to social media to [...]

Vipstore

Luxury shopping websites in China

You don’t have to tell the people at Prada how valuable the Chinese market for luxury goods has become — the Italian fashion icon is so keen to set up a base out East that it is about to be listed on the Hong Kong stock exchange. In fact, such has been the rush by [...]

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