E-commerce is driving sales of luxury items even during a weak economy, a study released by PM Digital, a New York-based digital marketing agency, says.
Though demand for fine wine, whisky, vodka and even craft beer continues to climb among China’s expanding middle class, cognac remains the preferred tipple for many of the country’s wealthier, typically older and male, drinkers.
Coutts is today unveiling its urban kitchen garden, consisting of over 9,000 organic plants including vegetables, fruit, herbs and edible flowers growing on the roof terrace of its headquarters in central London.
“They are the strongest growing luxury brand, and they just launched the A3, which is close to being their best-selling car in a peak year.”
"CAs and wealth managers know where the money is. For the luxury firms, we are just another way of bringing out the rich buyer as a slow economy discourages them from heading towards their stores,"
“We are delighted to receive this prestigious accolade for Ghost,” commented James Crichton, Regional Director Rolls-Royce Motor Cars for Europe and South Africa.
Responding to the strong level of interest in its cars in Japan, Rolls-Royce Motor Cars has opened up increased retail space in Tokyo and a new presence in Osaka, in addition to an upgraded showroom in Yokohama.
The fastest growing luxury sector has been watches at 26%, followed by cosmetics and fragrances at 23%, men’s fashion at 10% and women’s fashion at 4%.
Gucci is currently only present in Brazil (4 mono-brand boutiques, of which only one street level) compared to Louis Vuitton which is present in Chile (1), Brazil (5 stores), Colombia (1), Argentina (1); Salvatore Ferragamo has 8 stores in Brazil, 3 stor
The company will predominantly focus on resort developments, many of which will be offplan, and destinations will be both established and emerging markets.