Luxury market news and archive

Luxury market set for record year in 2017: study

After a year of stagnation the luxury market has returned to growth and will likely set a new record of 1.2 trillion euros (1.4 trillion dollars) in 2017, said a study released Wednesday by consulting firm Bain and Company. The five percent growth in the overall market is likely to be matched in the personal luxury goods segment, which includes...

Retail

Potential ban on sale of luxury goods unsettles online retail

Online marketplaces like Amazon and eBay, already having a tough time with the sale of luxury articles, could soon face a sales ban on these items within the EU, should a general ban on luxury goods on Amazon and Ebay suggested by attorney general Nils Wahl at the European Union's Court of Justice be granted. The debate was triggered by a...

Fashion Featured

Luxury market steady despite global uncertainty

London - The latest report concerning the global luxury market by management consultant firm Bain & Company shows collective growth at 4 percent to an estimated 1.08 trillion euro sales in 2016. The report states there is evidence that luxury consumers are changing their spending habits for more personal high-end experiences, such as luxury...

Business

Luxury market sees slowing growth

The luxury market may be less buoyant this year, as analysts are cutting growth forecasts for the luxury goods due to a fall in international tourism. The Italian luxury goods producers' foundation Altagamma said Tuesday that 27 surveyed analysts lowered their consensus forecast for Europe to 2 percent growth from 4 percent earlier as...

Business

New master's program 'Luxury, Fashion & Sales Management' at ISM

From winter semester 2015/16 onward, the International School of Management (ISM) will offer a new international master's program - Luxury, Fashion & Sales Management - at its campuses in Cologne and Hamburg. With the new program, ISM wants to prepare its students systematically for a career in the luxury and consumer goods industries and impart...

Fashion

Middle East: magnet for foreign brands and retailers

During the global economic crisis that hit the Middle East about five years ago, Dubai was proclaimed “finished” - only to emerge even stronger. Similarly, not many international brands and retailers would have thought of investing here. Now, the situation is very different and everyone wants a piece of the Middle Eastern pie. Danish fashion...