Luxury Daily, December 2, 2016 – 55pc of affluents deem luxury prices unjustified by product value
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Quality tops attributes such as craftsmanship and service as the number one defining attribute affluent consumers use to discern a good’s luxury status, according to new research by the Luxury Institute.
As a part of its Global Shopping Festival, Alibaba celebrated a massive boon of more than $7 billion gross merchandise volume (GMV), all settled through its Alipay payment platform.
Luxury brands are continuously keeping in-step with their global consumer base by enhancing in-store capabilities or curating international street style guides geared for a discerning audience.
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British fashion label Burberry is getting Harrods shoppers in the holiday spirit with a magical tale.
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Kering-owned Balenciaga is seeing changing leadership, as Isabelle Guichot ends her nine-year tenure at the helm of the label to take on other roles within the fashion group.
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