INTERNATIONAL. It’s a tiny circle known for exclusivity, but its global reach into emerging markets means the luxury business needs online networking.
When you think of luxury, you think of small, elite, exclusive. When you think of the internet you think exactly the opposite, and marrying the two has historically enjoyed little success.
Yet a company called The Luxury Society evolved into a flourishing business by exploring where a mass media platform could successfully meld with a niche luxury network.
According to Pierre-Yves Poulain, co-founder with four others of the website that i
UAE. US$171.8 billion of luxury goods sales globally; Deloitte report identifies the largest luxury goods companies around the world; provides insights for M&A activity and retail & ecommerce operations.
UAE. The market has been mainly driven by tourism growth (9%-10%) while the resident market has been growing but at a slower rate, according to Bain & Company's luxury goods worldwide market study, Spring 2014.
UAE. As part of the review of the draft Law at Ministerial level, amendments have been made to the draft Law which address some of the concerns raised by brand owners on earlier versions of the draft Law.
UAE. Abu Dhabi ranks fourth amongst the top 20 hottest retail markets; London and Dubai are significantly ahead of New York, Moscow and Shanghai, the other locations which make up the top five; Luxury brands account for a quarter of new market entrants globally.
UAE. In preparation for the Law coming into effect in early September 2014, employers should now review who within the workforce is affected by the Law, what the duration of service will be and how the business is going to resource whilst the employee is away and ensure that the role remains open.
UAE. Griffiths joins the company from Thailand-based Oriental Copper, one of the top 5 global suppliers of fabricated copper based products and solutions for the electrical energy and electronics industry.