Despite some markets still recovering from recessions, the global luxury industry is expected to be worth €880 billion by 2020. Haute Gali is an online boutique that sources and sells luxury products from independent designers in emerging markets.
What is luxury? How does strategy in the luxury sector work? And what can it teach other brands? Marco Bevolo, one of the authors ofPremium by Design: how to understand, design and market high end products, provides a vision of the business of prestige, desire and seduction.
The UAE has a highly diverse population across its seven Emirates, but there's still a strong sense of pride in a shared national identity. To appeal to its well-travelled citizens, brands are proving their commitment with tailored products, events and social engagement.
A new study from ASSOCHAM-KPMG has revealed that a lack of quality retail space is having a negative effect on the Indian luxury market. The study claims that there is a need for more modernised and dedicated luxury retail areas in order for the sector to flourish.
Luxury brands have enjoyed a meteoric rise amongst the expanding Chinese middle class, but with anti-corruption laws dampening the spirits of conspicuous consumers, shopping habits are shifting dramatically.