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India turning into magnet for foreign luxury brandsExperts said a K-shaped recovery is fuelling the influx of global luxury brands. India’s luxury market is expected to grow 3.5 times the cu...- Wealthy shoppers buy less, but better: Hermes becomes the most-preferred, chic choice for luxury purchasesConsumers want tried and tested styles like a Hermes Birkin bag or a Moncler puffer jacket.
- Paris billionaire rivalry fuels pursuit of Tiffany, MonclerThe rivalry, more than two decades in the making, has defined the modern luxury industry and shows no signs of ending. Since 2001, when Ker...
- Bill Gates no longer world's second richest, LVMH's Arnault climbs to No. 2Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index.
- The world now has three people worth more than $100 billion eachArnault, chairman of LVMH, entered the ranks of centibillionaires on Tuesday as the luxury-goods maker climbed 2.9% to a record 368.80 euro...
- Hong Kong most expensive retail location, luxury brands use flagship stores to break into Chinese markerInternational fashion brands and luxury retailers have used flagship stores in Hong Kong to break into the Chinese market and attract custo...
- Harrods has designs on Islamic fashionFashion designer Hind Beljafla makes abayas to match the Gucci shoes and Hermes handbags of high-spending women in the Gulf.
- Booming cosmetics sector luring industry giants to DubaiThe phenomenal growth rate of 12 per cent over the past three witnessed by the cosmetic and personal care sector in the Gulf region has pro...
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