Demand
for luxury goods overall — upscale homes, fine art, collectable cars — is outpacing demand for every day consumables.
To deal with the new «retail environment
for luxury goods,» the company's chairman and CEO Michael J. Kowalski already announced cost - saving measures, including an early retirement program.
The Dallas - based chain's SEC filing points to increase of ultra-high-net-worth households in the United States and the increasing desire
for luxury goods in markets like Asia and the Middle East as catalysts for its growth.
The Dallas - based chain's SEC filing points to increase of ultra-high-net-worth households in the United States and the increasing desire
for luxury goods in...
Tepid demand
for luxury goods and a stronger U.S. dollar that's crimped spending by tourists have particularly hurt Fifth Avenue, where the space - availability rate was at a record 15.9 percent in fourth quarter, up from 10.1 percent a year earlier, Cushman data show.
It's part of a Manhattan - wide space glut as retailers — buffeted by e-commerce, tepid demand
for luxury goods and a strong dollar that's eroded tourist spending — push back against rents that have soared to records.
In addition, FashionTV wants to offer the blockchain community its own platform
for luxury goods and services, and aims at bringing the blockchain technology closer to the fashion community.
Shown alongside five new large - scale collage works on paper that use gold leaf, cuttings from the Financial Times, batik fabric flowers and luxury magazine covers, Shonibare's reflection on the Hong Kong economy and its desire
for luxury goods is a poignant reminder of the cycle of contradictions surrounding wealth and power, poverty and danger; dare to dream rich and you may lose your head, fail to dream rich and risk dying of poverty.
The French businessman, father of François - Henri, and father in - law to Salma Hayek, François Pinault owns Kering, the holding company
for luxury goods — Gucci, Alexander McQueen, et al. — as well as Christie's auction house.
They controlled whatever surplus crops were available, which would have been predominantly cereals and then swapped
them for luxury goods, such as wine, olives, salted fish etc..
The world - famous department store is known
for its luxury goods and designer clothing, but you can find affordable gems there.
Debts owed to a single creditor totaling more than $ 500
for luxury goods incurred within 90 days of filing are presumed non-dischargeable.
Consumer debts owed
for luxury goods or services that cost more than $ 500 and are incurred within 90 days of filing bankruptcy will not be discharged.
«With the progressive economy, growing appetite
for luxury goods and increasing number of successful entrepreneurs, Rolls - Royce has targeted India for future growth,» he added.
With the global economy in high gear and new markets opening up almost daily
for luxury goods, Bentley was cooking, Maserati was about to launch a new sexy four - door, and AMG and BMW's M Division were doing record business with their fast, fettled executive expresses.
In the future, space formerly occupied by internal combustion engines will used as a stash spot
for your luxury goods.
«
For a luxury goods manufacturer like us, raising the volume can actually be counterproductive.
Jimmy Choo, which listed on the London Stock Exchange in 2014, has seen its share price bounce back over the past year, rising by a third, as demand
for luxury goods begins to resurface.
«The Czech Republic and Slovakia is a dynamic market with a huge appetite
for luxury goods and an interesting and thriving fashion scene,» added Dobrotvorskaya.
Bain doubled its growth estimates
for the luxury goods market in 2017 from 1 - 2 percent to 3 - 4 percent, citing recovery in consumption in both Europe and China offsetting weakness in the USA and South - East Asia.
«The project explores the ability of the technology to shift the perception of the production system
for luxury goods as we know it,» she says.
Up until 2012, Chinese drinkers had been devouring Australian wine, but Beijing's anti-corruption drive, along with a broader austerity program, has smashed demand
for luxury goods, from wine to Ferraris, and pinched local wine exports to the region.
The British fine paper and packaging manufacturer, specialists in papers destined
for luxury goods brands, also announce the formation of James Cropper (Guangzhou) Trading Co. Ltd..
The 2015 Conference speakers include two men who've played important roles in the growth of travel and the demand
for luxury goods.
Graphic Packaging International has always been at the forefront of high quality packaging
for luxury goods, but the Conceptual Design team has excelled itself with the examples they'll be showcasing at this year's Packaging Innovations Exhibition.
Entrupy: An on - demand authentication solution
for luxury goods.
Additionally, we expect the Chinese market will eventually recover since emerging market consumers» demand
for luxury goods continues to grow.
So as long as demand
for luxury goods is here, which it will be, we want to be able to offer the Canadian consumer something in Canada so they don't have travel to the U.S., where there's going to be a foreign exchange headwind.
John Studzinski, vice chairman at The Blackstone Group and Luca Solca, managing director
for luxury goods at Exane BNP Paribas, discuss the changing luxury consumer.
That could be bad news
for luxury goods, which have been a bright spot, as high - income consumers tend to spend less in a down market, and may more guarded about their spending in this climate.
It's a growing market, with more than 300 million consumers making purchases online with an appetite
for luxury goods.
Bain & Co. argues that Asia, where sales have remained relatively strong, may overtake Europe and North America as the world's largest market
for luxury goods.
A variety of factors — including increased demand
for luxury goods in emerging markets — amped up exploration and development efforts the world over, and the cost increases that came with intense competition for limited resources made Gannicott anxious.
Not exact matches
They justify their early focus on
luxury goods by noting numerous high - end brands successfully expanded into the mass market by grabbing «customers hungry
for a piece of the brands» cachet.»
The Korea Customs Service is investigating allegations of smuggling and tariff evasion following claims that the family bought
luxury goods abroad and avoided paying duties on them by portraying the imported items as supplies
for Korean Air aircraft.
Twitter and the UK press are losing it over a model who was given a lenient sentence in court
for attempting to steal almost # 1,000 of
luxury goods from Harrods — despite her punishment being nothing out of the ordinary.
In the
luxury goods world, the brand website is often more of a transit point
for purchase via other venues.
The larger issue
for the makers and retailers of
luxury goods - and the more frightening one, from their perspective - is whether a new breed of consumer will take shape when the economy stabilizes, one that is not likely to drop $ 14,500 on a Zagliani crocodile handbag.
For instance, in 2006, Hermès, the luxury goods company, made a foray to 15 Broad Street near Wall Street, and it was quickly joined by other upscale retailers like Tiffany & Company, Thomas Pink and Canali, and asking rents quickly climbed to $ 300 a square foot for ground - floor spa
For instance, in 2006, Hermès, the
luxury goods company, made a foray to 15 Broad Street near Wall Street, and it was quickly joined by other upscale retailers like Tiffany & Company, Thomas Pink and Canali, and asking rents quickly climbed to $ 300 a square foot
for ground - floor spa
for ground - floor space.
As incomes rise, so too does demand
for durables,
luxury goods, vehicles, air travel, energy and more.
As my colleague Jim Edwards pointed out recently, the West's impression of the crackdown has been largely limited to seeing falling earnings
for luxury companies that sell
goods in China.
Beijing has been pushing
for greater domestic spending, cracking down on shopping agents known as «daigou» bringing products into China from overseas, and cutting high tax rates on imported
luxury goods sold in the country.
That gave Lane a ringside seat
for the peak years of New Gilded Age excess, and he recalls plenty of the lavish parties and attentiongrabbing events he organized to promote Doubledown's titles, and to connect their readers to
luxury goods vendors like Maybach and Gulfstream.
Where copyright led to books being priced as
luxury goods in the U.K., the threat of piracy forced German publishers to produce cheap editions
for the masses alongside their premium - priced editions, resulting in a period that Höffner believes may have been the most lucrative ever
for authors — he discovered,
for example, that an obscure Berlin chemist earned more in royalties
for a tract on how to tan leather than Mary Shelley did
for writing Frankenstein — prompting more academics to publish their findings, and encouraging the spread of practical manuals in fields like medicine, engineering and agriculture.
The company says its technology is impossible to replicate without expensive equipment, which makes its products superior to those already on the market, and that its products have possible applications
for central banks, immigration bureaus (i.e. passports) and even the
luxury goods industry.
CNBC's «Secret Lives of the Super Rich» takes a look inside Canine Styles, a
luxury dog boutique that sells designer
goods for your pooch.
This year, despite economic instability and a worrisome unemployment rate, American men will set a new record
for spending on personal
luxury goods, meaning clothing and accessories.
This will contribute to greater demand
for everything from appliances to smartphones to automobiles to
luxury goods.
Earlier in October, LVMH, the world's biggest
luxury goods company which counts Luis Vuitton, Christian Dior and Moet & Chandon Champagne among its brands, also posted an earnings beat — with a 12 percent rise in third - quarter like -
for - like revenues.
But it is Wintour's role in promoting fashion and
luxury goods manufacturing as an important US export business, coupled with her growing political fundraising acumen (according to the Obama campaign, she is a «top bundler», raising more than $ 500,000
for the Obama Victory Fund) that led to speculation she is eyeing a political position.