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...

RetailFeatured

India’s luxury market on an impressive growth spree

Burgeoning aspirational and younger middle class and growing sense of ‘brand-consciousness’ are driving growth of luxury sector in India. Moreover, increased Internet penetration has also contributed to this consumer behaviour, allowing consumers to search and satisfy their desire to own and possess designer brands. Taken together, these factors...

Fashion

Interview: The Luxury Market in India

While mature markets battle recession and economic turmoil, the Indian luxury market - with its unrivaled growth opportunities- appears as attractive as ever. Yet, as several international brands can attest to, entering the Indian market may not be so difficult, but remaining there long-term with a positive presence is a challenge. The recently...

Apparel

Retaining talent: Luxe brands show the way

The Indian luxury market is growing fast, thanks to consumer awareness and their willingness to spend on branded luxury goods. To tap on this growing market many global luxury brands are competing to grab larger share of the market pie. And they are leaving no stone unturned to attract potential customers. And retaining manpower is one of the...