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. The pop up stores, which will be open at Terminal 1 and Terminal 3 between August 1st and October 31st, will provide an unparalleled assortment of beauty products representing Sephora's own private label range "Made In Sephora".
INTERNATIONAL. Coty Inc. to merge P&G's fragrance, color cosmetics and hair color business into the Company through a Reverse Morris Trust structure; Post-integration, will create strong platform for future growth, organically or through acquisitions.
UAE. Several key aspects of the luxury sector will be unrecognizable in the next few years: The traveling luxury consumer will change the concept of national boundaries; millennial consumers will represent a significant percentage of sales volume in luxury.
UAE. UAE among Top 10 Global Retail Destinations in the 2015 A.T. Kearney Global Retail Development Index; Luxury brands are adapting their strategies to succeed in diverse and evolving emerging markets.
UAE. Dubai has a presence of 55.7% of international retailers followed by Shanghai with 53.4%; Abu Dhabi ranks third place in top target market by new entrants; London retains top position as international shopping destination.
INTERNATIONAL. The Barcelona-based family-owned fashion and fragrance business reported Profit Before Tax representing 16% of Net Revenues, similar to 2013. Net Income was up 0.8% to 177 million euros.
INTERNATIONAL. Every UK region is more affluent than five years ago; There has been a significant 41% rise in the number of millionaires in the UK overall since 2010; 715,000 millionaires now live in the UK, compared to 508,000 in 2010.
INTERNATIONAL. Suspected anchors on the gold price, such as an interest rate increase and devaluation of the yuan, could actually be a rallying cry for commodities, he says in this interview with The Gold Report.