Post-boomer HNW seek tech-savvy, transparent service
Despite the differences in behavior and preferences among Generations X, Y and Z, high-net-worth individuals who fall into these age groups have a number of similar desires.
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Luxury spending to double in China over next 10 years, says McKinsey
In 2016, Chinese buyers from rich households (7.6 million) spent more than $73.5 billion (500 billion yuan) to purchase nearly one-third of luxury goods in the world. The average spending from these buyers on luxury products was 71,000 yuan, which doubled that of a household in France or Italy.
Getting luxury travel retail right
About 6 percent of luxury shopping now takes place at airports, up from 4 percent last year, and the global travel retail market is estimated to grow from $63.5 billion in 2014 to $85 billion by 2020.
French fashion designer Marine Serre wins 2017 LVMH Prize
France’s Moët Hennessy Louis Vuitton has awarded its fourth annual LVMH Prize for Young Fashion Designers to Marine Serre.
Hublot starts the clock for 2018 FIFA World Cup
Swiss watchmaker Hublot is one year out from its official timekeeping duties at the 2018 FIFA World Cup in Moscow.
Generational conflicts brew over wealth management among young, old affluents: U.S. Trust
The increasing longevity of human life is unsettling traditional notions of responsibility among high-net-worth families, according to a new report from Bank of America’s U.S. Trust.
Affluents aim to feel confident in their purchasing decisions: YouGov
As luxury continues to struggle to compete with new-wave retail that provides product of equal quality, but at lesser price points, marketers should focus on deep core values to strike a cord with affluent consumers.
Post Ranch Inn fights geographic issues with luxury experiences
Upscale boutique hotel Post Ranch Inn is combatting a major issue plaguing hospitality locations in Big Sur, CA with a luxurious, but unique solution.
Leading with emotional connection boosts female fragrance engagement metric
Female consumers in the United States are 35 percent more likely than their male counterparts to select a fragrance based on mood, causing an emotional tie to her preferred scent.
Krug pairs rustic cooking and bubbly for outdoor festival
French Champagne house Krug is headed into the British wilderness for an evening of craftsmanship and experience on The Grange in Hampshire.