• - 30 Sep 2014

    Fine Jewellery: The Last True Luxury Frontier?

    6710_97707305_o_medium

    The haute joallerie on display at the Biennale des Antiquaires 2014, if anything, again validated the market for the exceptional and expensive

    La Biennale des Antiquaires opened in September in Paris with a collection of the world’s most impressive objets d’art and jewellery. The bi-annual event above all celebrated craftsmanship, but what the 2014 edition categorically confirmed is that the market for exceptional – and exceptionally expensive – haute joallerie remains stronger than ever.

    Perhaps this is little to be surprised about. As we have mused before, there are less and less barriers to entry when it comes to modern luxury. Ultra high net worth individuals are forced to defend their territory in increasingly creative ways, whether it is a staged James Bond ‘mission’ costing £40,000 or an orbit of the Moon for two.

  • - 25 Sep 2014

    After Ulysse Nardin, Which Independent Watchmaker Will Be Acquired Next?

    6698_ulysse_nardin_medium

    Michel Jeannot of WtheJournal, explains that with the increasing concentration of the watch industry, the survival of independent companies is in jeopardy

    This year, the French Kering group paid a handsome sum to add the watch manufacturer Ulysse Nardin, based in Le Locle, to its portfolio of brands. The ratio of 13 times the company’s EBITDA was cited, valuing Ulysse Nardin at more than 850 million Swiss francs, almost four times its estimated turnover of 220 million francs.

    Smaller independent brands with a turnover of less than 50 million Swiss francs do not even feature on the radar of the big groups, so are considered neither as serious competitors nor attractive prey, and this allows them a certain leeway that the savvy can exploit.

  • - 24 Sep 2014

    Why The Reign of Chinese Luxury Shoppers Has Only Just Begun

    6696_20130515_07_medium

    Erwan Rambourg, author of The Bling Dynasty, exclusively shares five key insights into the evolution of the Chinese Luxury Consumer

    Spending time in China and meeting Chinese consumers abroad has shown that some stereotypical luxury consumers do actually exist. These consumer profiles are relevant for luxury today, tomorrow they will dominate it.

    Luxury demand in China is not just going to increase with consumers trading up. The bulk of the increase in sales should come mechanically from the fact that the number of Chinese nationals able to afford the products will increase dramatically.

  • - 23 Sep 2014

    In Conversation With Duncan O'Rourke, COO, Kempinski Hotels

    6694_dlp_9597-edit-edit_medium

    We’re focused first on our guest and their reason for travel, reveals Duncan O’Rourke, chief operating officer of Kempinski Hotels

    Despite its rich heritage, the brand has most recently opened in Kigali (Rwanda), Myanmar and Riyadh, with openings slated for Kinshasa (Democratic Republic of Congo), Changsha (China), Accra (Ghana) and Cairo (Egypt) in the coming twelve months. Emerging destinations that may not necessarily be obvious choices for luxury hotels.

    Chief operating office, Duncan O’Rourke, is nothing but enthusiastic. “Kempinski is proud of entering new markets which show promise on a global level. This was the case with China and Russia, where Kempinski was among the very first international luxury hotel groups to open hotels.”

  • - 18 Sep 2014

    Agenda: Understanding the Luxury Market in France, Paris 2014

    6667_lsk-paris-lagardere-carousel_medium

    Based on the success of our Keynote series in London and New York City, Luxury Society is thrilled to confirm an upcoming event for Paris, France

    In partnership with Lagardère Publicité, we will explore the French luxury market and its increasingly international consumers, through a mix of keynotes, panel discussions and break-out workshops.

    Aimed at C-Suite executives, key topics to be covered include: the economic impact of luxury in France, the evolution of the female luxury consumer, the importance of the traveling luxury consumer and an investigation of local wealth and consumption.

  • - 17 Sep 2014

    Global Billionaire Population Reaches 2,325 Individuals

    6689_wealth-x_medium

    Europe overtook North America to claim the biggest billionaire population, but Asia is leading the increase in wealth, according to The Wealth-X and UBS Billionaire Census 2014.

    The Wealth-X and UBS Billionaire Census 2014, released today, shows that 155 new billionaires were minted this year, pushing the global population to a record 2,325 – a 7% rise from 2013.

    The combined wealth of the world’s billionaires increased by 12% to US$7.3 trillion, which is higher than the combined market capitalisation of all the companies that make up the Dow Jones Industrial Average.

    The research shows that Europe, with 775 billionaires, is the region with the most billionaires and billionaire wealth (US$2.37 trillion). North America – the region with the most billionaire wealth in 2013 – was overtaken by Europe in terms of billionaire wealth in this year’s census.

keywords

Members opinion

  • Doug Gollan Modern Luxury: Appreciation of Craftsmanship or Mere Consumption? by Doug Gollan 29 Sep 2014
  • Erwan Rambourg Why The Reign of Chinese Luxury Shoppers Has Only Just Begun by Erwan Rambourg 24 Sep 2014
  • Doug Gollan Thoughts On The Future Of Luxury Retail by Doug Gollan 19 Sep 2014
  • Rachna Joshi Nair What Yves Carcelle Taught Us About Luxury by Rachna Joshi Nair 15 Sep 2014

Recently published

  • Indian Diamantaires Lose Another Lender

    The Israeli Diamond Industry - 30 Sep 2014 09:33
  • Prada Latest in String of Italian Tax Cases

    WWD - 30 Sep 2014 09:02
  • BigCommerce release uses real time to boost revenue

    Biz Report - 30 Sep 2014 06:20
  • LVMH Eyeing New Strategy for Donna Karan Intl.

    WWD - 30 Sep 2014 06:02
  • MakeUp in New York 2014: number of visitors rose by 42%

    Premium Beauty News - 30 Sep 2014 04:01
  • Charles De Montalivet Charles De Montalivet

    General Manager, L'Oreal Luxury Products Division
    United Kingdom

  • Xavier Beysecker Xavier Beysecker

    Vice President, Marketing, Pernod Ricard Asia
    Hong Kong

  • Nizar El-Hachem Nizar El-Hachem

    CEO, The Luxury Fund
    United Arab Emirates

  • Luc Delafosse Luc Delafosse

    General Manager, Hotel de Crillon
    France