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137 posts categorized "Luxury Goods"

October 9, 2014

The New York Times International Luxury Conference 2014

NYT_LuxEuromonitor International is pleased to be a Media Sponsor for the New York Times International Luxury Conference 2014 held December 1-3, 2014 in Miami.

On the eve of Art Basel, over 500 luxury-sector business and creative leaders will come together for two days of conversation, debate and inspiration. The program includes a mix of keynotes, panel discussions, special performances, art takeovers and a series of rapid-fire ‘next big thing’ presentations from groundbreaking visionaries.

Use promo code EMONLUX14 for 20% off admission

http://www.inytluxury.com/

October 8, 2014

Designer Footwear Looks Good Fit for Investors as Jimmy Choo Goes Public

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

We said at the start of this year that the options for luxury shoemaker Jimmy Choo – if the brand is going to speed up expansion into Asia and other new markets - are either an initial public offering (IPO) in London, or the sale of a minority stake (See Private Equity: Saviour or Slayer of Luxury Fashion?). Plans to proceed with a London IPO have now been confirmed. “Jimmy Choo is a clear success story with strong momentum and I am confident that our future as a public company can only extend our reputation and position in this attractive sector,” said Jimmy Choo’s chief executive Pierre Denis in a statement.

Continue reading "Designer Footwear Looks Good Fit for Investors as Jimmy Choo Goes Public" »

October 7, 2014

Hong Kong Political Unrest Dampens Demand for Luxury Goods

Rob WalkerAnalyst Insight by Rob Walker - Contributing Analyst

View Rob Walker's profile on LinkedIn

Pro-democracy protests in Hong Kong, which appear to be getting bigger by the week, are the latest threat to luxury goods brands in an increasingly testing Asia Pacific market.

Hong Kong is a key regional hub for luxury goods shopping, generating sales worth US$7.5 billion in 2014. That puts it above countries such as Brazil and Singapore in the global luxury goods sales ranking (see chart 1). The problem is that wealthy shoppers from mainland China – a critical consumer base for the Hong Kong market – are choosing to stay away from the city while the unrest prevails.

To date, it is unclear whether Hong Kong’s loss is another city’s gain. There is some evidence that Seoul (South Korea) and Taipei (Taiwan) have been hosting bigger volumes of Chinese visitors over recent months. Equally, Western European and North American cities are also thought to be picking up some of the slack. Ultimately, however, it seems likely that luxury goods growth in Asia Pacific will be weakened by a slowdown in Hong Kong, especially categories such as designer apparel and luxury timepieces (see chart 2). This is more bad news for companies that rely on the region for a big chunk of their business.

Continue reading "Hong Kong Political Unrest Dampens Demand for Luxury Goods" »

October 6, 2014

Five Key Trends in Luxury Goods

Euromonitor is pleased to announce updated luxury goods data for our Passport market research database. Watch the video to find out five key trends we uncovered in our research.

October 3, 2014

Luxury Companies Embracing Digital Retailing

Luxury-digital

In marketing to millenials, luxury brands are finding that a digital presence no longer drags their brand downmarket but rather provides an accessible aspirational touchpoint with consumers.

Filippo BattainiPodcast features Filippo Battaini, Retailing Analyst

View Filippo Battaini's profile on LinkedIn

September 30, 2014

Euromonitor to Speak at The Luxury Society Keynote Conference

LS logo

Event Location: Paris - France

The Luxury Society:  We created Luxury Society to bring our industry's best and brightest around a 21st century table of ideas. Our mission is simple: to inform and connect our community. By becoming a forum for debate and exchange we strive to herald new concepts, inspire fruitful collaborations and create outstanding business opportunities. As the leading dedicated business-to-business resource, each day we deliver news and analysis to a global executive readership, sharing insights from the CEO's of the world's most significant luxury brands.

The Luxury Society community now boasts over 30,000 members in 150 countries, representing all sectors of the industry from private jets to fine jewellery, from haute couture to hospitality. We connect our members in person at our Keynote events in London, Paris, New York and Hong Kong, in partnership with Bloomberg, Google and KPMG.

Continue reading "Euromonitor to Speak at The Luxury Society Keynote Conference" »

September 19, 2014

Inside India’s High Growth Luxury Market

Fflur_RobertsAnalyst Insight by Fflur Roberts - Head of Luxury Goods

View Fflur Roberts's profile on LinkedIn

India’s luxury goods market has been growing by more than US$255 million a year in absolute terms, on a par with the United Arab Emirates and considerably stronger than Singapore and Australia.

All luxury categories witnessed a big rise in demand with double-digit growth across the whole of the 2008-2013 review period. This was fuelled mainly by a mushrooming urban middle class with a penchant for Western brands.

Growth expectations among the world’s biggest luxury goods manufacturers are highly optimistic. This is a country, after all, where as many as one million young adults are entering the job market every month and it offers a potentially unrivalled demographic dividend.

There are, however, growing signs that the wheels are slowing on India’s hitherto unstoppable luxury goods growth surge. The combined effects of a cooling economy, rising prices and lacklustre job creation are causing middle-income consumers in particular to tighten their belts.

Continue reading "Inside India’s High Growth Luxury Market" »

August 28, 2014

Euromonitor to Speak at Luxe Pack Monaco 2014

LuxePack_Monaco

Date: October 27-29, 2014

Location: Grimaldi Forum, Monaco

Event Description: LUXE PACK MONACO, the premier show for creative packaging offers to luxury brands decision makers, the major advantage to be comprehensive in providing packaging: glass, plastic, cardboard, metal… The selectivity of exhibitors, combined with their expertise remain essential for this exclusive show dedicated to packaging professionals. LUXE PACK MONACO will be the obliged and privileged way to discover the latest packaging.

Continue reading "Euromonitor to Speak at Luxe Pack Monaco 2014" »

August 23, 2014

Winners and Losers in Personal Accessories

Luggage, mid-priced watches and real jewellery will be the highest growing personal accessories categories in 2014, which positions companies such as Pandora, Samsonite and Chow Tai Fook for ongoing success in the coming years. Chinese jewellery manufacturer Chow Thai Fook will fair the best, with sales expected to cross the US$ 10 billion dollar mark in 2014. Leading luxury brands such as Louis Vuitton, Gucci and Coach suffered in 2013 and will continue to suffer in 2014 due to consumer's reluctance to spend on big ticket items.

Watch on Youtube

August 19, 2014

Who is Winning the Global Battle for Accessories Sales?

Sulabh MadhwalAnalyst Insight by Sulabh Madhwal - Personal Accessories and Eyewear Analyst

View Sulabh Madhwal's profile on LinkedIn

LVMH, Richemont and Swatch Group continue to lead overall personal accessories, but the dynamics are changing in individual categories. We discuss the state of global competition as seen through the new edition of personal accessories published on 11 August 2014.

Top Three Lose Ground in Bags and Luggage

The respective market shares for LVMH, Kering (formerly PPR) and Coach all declined between 2012 and 2013. This was not only due to the slowing demand for luxury brands across the world, but also the rise of leading competitors such as Michael Kors, Samsonite and Prada Group.

Global value sales for bags and luggage will grow at a CAGR of 4% over 2014-2019, with luggage and business bags spearheading growth. Although handbags will remain by far the biggest category in 2019, the growth potential for luggage and business bags is likely to inspire several marketing efforts targeted at the male population.

Continue reading "Who is Winning the Global Battle for Accessories Sales?" »

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Recent Posts

The New York Times International Luxury Conference 2014

Designer Footwear Looks Good Fit for Investors as Jimmy Choo Goes Public

Hong Kong Political Unrest Dampens Demand for Luxury Goods

Five Key Trends in Luxury Goods

Luxury Companies Embracing Digital Retailing

Euromonitor to Speak at The Luxury Society Keynote Conference

Inside India’s High Growth Luxury Market

Euromonitor to Speak at Luxe Pack Monaco 2014

Winners and Losers in Personal Accessories

Who is Winning the Global Battle for Accessories Sales?