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- 25 Aug 2010

Clan Mentality, Back Taxes & Dolce's Drama

The sound bites and statistics that are causing a stir in luxury circles

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 They have had a giant falling-out and flounced off. I’m sure they will kiss and make up when they have cooled off. They’ll have to. 

a leading fashion executive
(on the falling out between Dolce and Gabbana and iconic London department store Selfridges)
London Evening Standard

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€2.5 billion

the target set by the Greek government to be recouped in fines and back taxes from HNWIs in Greece who ‘forgot’ to declare ownership of yachts and other luxury assets

Financial Times

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 They’re not going to be buying more staplers unless they’re diamond-encrusted ones, and they won’t be buying more paper weights unless they are customized little gold replicas of themselves. 

Gady Epstein of Forbes
(commenting on why the ‘hidden wealth’ in China is not cause for celebration for mid-market retailers, but for wealth management firms.)
Forbes

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8%

growth in Chinese consumer confidence index last month, according to a recent report by McKinsey

The China Post

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 It can be suffocating to be part of such a strong clan – one might feel one only exists as part of that and not as an individual. People expect things of you when you have this name. 

Margherita Missoni
(on the down side to being part of a celebrated luxury dynasty)
The Guardian

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157

the number of private jets set to be delivered to Indian billionaires in the next twelve months

Luxury Insider

Members opinion

  • Karen Weiner Escalera Generation Y: Luxury's Most Buoyant Market by Karen Weiner Escalera 3 May 2012
  • Isa Lavs Luxury Shopping in the UK: How the Market Continues to Grow by Isa Lavs 1 May 2012
  • Marina Cozzika South Africa’s Luxury Consumers Buck International Trends by Marina Cozzika 25 Apr 2012
  • Sophie Maxwell Has Luxury Brand Diversification Gone Too Far? by Sophie Maxwell 18 Apr 2012

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