As the stigma surrounding the resale of luxury goods fades, a market has popped up catering specifically to resold goods. It has now become the norm for people to buy, sell, and buy again creating, for lack of a better term, a cycle of ownership.
With official releases pegging China’s third-quarter GDP growth at 6.5%, the “world’s factory” is hitting its slowest pace in nine years and if the luxury goods industry continues to depend on the market for revenue growth, it would a recipe for disaster.
Heidi Slimane will lead and develop all creativity for Céline collections, including menswear, couture and leather goods
Prada presents The Postman Dreams, a humorous series of five shorts, showcasing the Prada Galleria bag by American filmmaker Autumn de Wilde
Is Japan’s luxury industry slowing down? We take a look at the trends affecting the luxe goods market
Sales of luxury goods in mainland China fell`1% to 115 billion yuan ($18.5 billion) in 2014 compared to a year earlier according to Bain & Company.