Billionaire population shrank 3.1pc in 2016: Wealth-X
In the past year, the total of billionaire fortunes lost outnumbered the amount of newly minted millionaires, leading to the first drop in this ultra-wealthy population since the recession.
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Influencer trends suggest huge potential for luxury brands: report
Social media has become the overwhelmingly most popular platform for influencer marketing and has provided huge boosts for luxury brands, according to Sermo’s latest Global Influencer Index.
5 things to restore luxury back to a path of growth
Shifts in the demographics and mindset of today’s luxury consumers have brought about profound changes in the way they shop and buy and how luxury fits into their lifestyle.
London’s Westminster scene of terror-related plot
London is the latest European city to be the target of a suspected terrorist attack.
Fendi backs Italian contemporary art at Venice Biennale
LVMH-owned Fendi is supporting artists from its home country via patronage of the Italian Pavilion at the 57th International Art Exhibition of the Venice Biennale in Italy.
UK’s Ettinger taps show jumper as first global brand ambassador
British leather goods maker Ettinger is following the example of its continental peers by naming its first global brand ambassador, with the honor going to the country’s leading show jumper, Jessica Mendoza.
Russia’s domestic ecommerce shortcomings lead to $4.3B in cross-border sales
As the Russian market has matured and become more competitive, the country’s retail sector is entering a period of optimization led by mobile purchasing and cross-border commerce, according to a new report by East-West Digital News.
Data analytics is paramount for retailers, but luxury faces challenges: report
As data collection technologies progress, retailers are finding more reason to expand their analytics abilities, something in which luxury retailers can benefit.
UK’s luxury bonanza: Falling pound, Chinese travelers and duty-free
With Article 50 set for invocation March 29, everyone in the United Kingdom is understandably uncertain about what the commercial future holds.
How luxury brands can take advantage of Chinese millennials’ love for mobile payments
Young Chinese consumers are adopting mobile payments at a high rate, possibly signaling the need for luxury brands to strengthen their mobile payment platforms if they want to take advantage of this valuable demographic.