05/10/2012

A Luxury Slowdown in China? Don’t Hold Your Breath

Mainland-Chinese customers generate roughly one-third of Gucci and Prada’s world-wide sales, he added, and it’s not uncommon for rich Chinese to spend one-quarter of their disposable income on luxury goods.

05/02/2012

Yachts Set Sail for Singapore

Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.

04/05/2012

Walpole says UK luxury sector to grow 8.5% in 2012

Luxury not-for-profit organisation Walpole has announced the results of a study with Ledbury Research into the current UK luxury goods market, forecasting growth in sales of 8.5% in 2012.

11/25/2011

Swiss luxury property market climbing

According to Knight Frank’s analysis nearly a quarter of the Swiss population will be millionaires by 2020, with only Hong Kong and Singapore having a higher density of millionaires.

08/16/2011

Retailers fear spending cuts among wealthy

A week ago, Michael Heller was ready to drop thousands of dollars on a Jaeger-LeCoultre watch that he’d been coveting. But the recent stock market turmoil made him rethink the splurge.

08/16/2011

Global firms eye Chinese art

Fortune 500 corporations and financial institutions have long collected art and antiquities and have invested hundred millions of dollars in recent decades to amass and display an impressive array of works by top artists.