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Luxury news in the UK
An overview of news, trends and research in the Luxury industry in the UK:
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AFRY Management Consulting
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No news found.
Second hand luxury market could thrive despite Covid-19
While the world’s luxury goods market is expected to fare poorly in 2020, thanks to the economic havoc wrought by coronavirus, the luxury resale could well thrive.
22 April 2020
Global luxury market faces massive hit from Covid-19
The world’s luxury market is expected to suffer a major blow from the coronavirus in 2020.
01 April 2020
Total private wealth in China booms to estimated $28 trillion
The number of HNWIs in China has climbed from 181,000 in 2006 to more than an estimated 1.8 million this year.
16 October 2017
UK tourism draws £34 million, but suffers from safety fears
The UK remains a major beneficiary of global tourism, drawing 34 million international travellers in 2016, generating 3.7% of the national GDP.
13 October 2017
Chinese luxury customer market to hit $1 trillion RMB by 2025
Wealthy Chinese customers are set to add considerably to the global luxury spend over the coming decades, projected to hit $150 billion annually by 2025, which constitutes nearly 44% of the projected
12 October 2017
Five consulting firms advise on acquisition of Willerby by Equistone
Equistone Partners has purchased a majority stake in UK-based static caravan manufacturers Willerby from Caird Capital, for an undisclosed fee.
29 June 2017
Top 100 luxury goods companies see sales revenues grow 7% to $212 billion
The top 100 luxury goods companies saw their sales revenues grow 7% last year to $212 billion, finds the Global Power of Luxury Goods study.
12 June 2017
Swiss watchmakers see fortunes turn as Chinese demand wobbles
The Swiss watch industry has enjoyed a number of years of boom as Asia rose and consumers sought new ways to keep time and flash their new money.
25 November 2016
Demand for fragrances remain stable, but consumer behaviour is changing
Perfume is of the ages, and today, while no longer the distinguished of the rich and famous, it has become a multi-billion dollar industry.
08 August 2016
Global HNWI wealth hits $60 trillion among 15.4 million people
The wealth of the world’s wealthiest people, those with more than $1 million in non-primary residence based assets, continues its momentous rise. It stood at $59.7 trillion last year, up from $37.2 trillion in 2006.
04 July 2016
Global cosmetics market worth €181 billion, L'Oreal dominates
The global cosmetics market has grown by 3.8% over the past ten years to €181 billion, a report from EY finds.
18 November 2015
Global luxury market worth 224 billion, top 20 brands
The global luxury goods market last year grew by 3% to a size of €224 billion.
22 October 2015
McKinsey: Online luxury fashion market booming
Online luxury fashion sales are set to grow at a rate of 18% between now and 2018 in the UK and a whopping 70% in China.
03 March 2015
EY: Global rich face increasing taxation burden
Wealthy people worldwide have in recent times been affected by at least ten different forms of new or heavier taxations, concludes a report from accounting and consulting giant EY.
24 February 2015
Strategy&: Private wealth in GCC doubles to 2.2 trillion
Private wealth in the GCC has more than doubled from 1.1 trillion in 2009 to 2.2 trillion in 2013.
23 February 2015
Bain: Top 11 luxury markets and cities of the globe
The US, Japan and Italy are the largest luxury-goods markets of the globe, according to a research from Bain & Company.
29 October 2014
Bain: Global luxury goods market grows to 223 billion
Despite Europe’s sick-man economy, Russia’s conflict with the West over Ukraine and the turmoil in Hong Kong, the global luxury market is on track to grow by 5% this year to €223 billion, according t
20 October 2014
AT Kearney: Physical store remains fundament for retail
Omnichannel sale is all about meeting customer needs and, regardless of the purchase, physical stores play a big part in this process.
09 September 2014
BCG: UK in top 5 countries with most millionaires
The number of millionaires across the globe has over the past year again increased, with roughly 2.6 million households.
05 August 2014
Bain: Diamond value quintuples through value chain
The diamond value chain is on the most value adding processes in the world. Between production and retail, revenues of market players increase by a factor of nearly 5x.
06 November 2013
Bain: Antwerpen still market leader in diamond industry
Antwerpen still is the diamond-walhalla of the world, concludes a new market analysis of the diamond industry by Bain & Company.
24 October 2013
Bain & Company questions if diamonds are forever
Diamonds are forever is a well-known saying. Yet a new study from Bain & Company in cooperation with the Antwerp World Diamond Centre (AWDC) shows that diamonds may well not be around forever.
15 October 2013
McKinsey: Chinese middle class boosts growth luxury market
In 2015 Chinese consumers are good for purchasing over one-third of all luxury products in the world.
19 April 2013
KPMG: Men buy luxury products to boost their status
According to a survey by KPMG among 1.200 affluent Chinese consumers. Women buy luxury products as a form of self-reward and pampering.
14 March 2013
Bain & Company: luxury industry immune to crisis
Consumers within the worldwide luxury industry are not strongly influenced by the economic crisis.
12 March 2013
Kurt Salmon: 50 percent margins on luxury ladies' shoes
The luxury segments of shoes for women are booming worldwide.
19 October 2012
BCG: Luxury items not suffering from recession
The hunger for luxury products like yachts, dresses and expensive safari’s, even in times like these, does not seem to suffer.
06 October 2012
Bain analyzes the price strategy of Estée Lauder
Estée Lauder has hired management consultants Bain & Company to review its pricing strategy and the potential impact of further price harmonization of its products across geographies.
27 July 2012
Bain: Demand for diamonds rises 6 percent annually
The growing prosperity in China and India leads to a sharp increase in the demand for diamonds of more than 6% a year over the next decade. This will almost double the size of the market.
20 January 2012
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