Luxury Daily, February 25, 2020 – Rising digitally savvy middle class to fuel India’s appetite for luxury
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Alfa Romeo joins the ranks of surviving storied luxury automakers such as Rolls-Royce Motor Cars, Bentley Motors, BMW, Aston Martin and Audi in the century-plus club.
Italian sports car maker Ferrari retained pole position as the world’s strongest brand for the second year in a row, according to Brand Finance.
Even though electronics are the most popular gifting category for high-net-worth Chinese men, French house Louis Vuitton has beaten out Apple this year to become the most preferred label to give.
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Brands that target entry-level luxury buyers will see a boost in revenues and profit margins, stacking the odds in their favor.
Today in luxury – In luxury, size matters; Paris shops’ sales halved as strikes bring chaos to the city; Audi plots 2020 comeback helped by new models, cost cuts; In Florida, homeowners come for the weather and stay for the tax relief.
Land Rover topped J.D. Power’s manufacturer Web site rankings for the winter, beating out Ford Motor Co.’s Lincoln and the Audi brands.
The top 20 list of most expensive eBay purchases was dominated by luxury sports cars such as the Lamborghini and Ferrari, along with Porsche and Rolls-Royce, as well as notable watch brands including Rolex and Patek Philippe. Hermès lorded over the handbag category in a separate list.
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