Luxury Goods Market Growth to Slow in 2014

Valentino dress in shop window | Source: Reuters

MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe counters rising global tourist shopping and strong demand in Japan and the United States, a study said on Monday.

…Continue Reading

Barneys deleverages, Luxury sector grows, Amazon Fashion, Gamification, Met Gala glamour

Barneys New York | Source: Ology

Two Financiers Take Control of Barneys, Ending Its Debt Struggles (NY Times) “Barneys New York, one of New York’s bastions of high fashion, ended years of struggles with its hefty debt load by selling itself to the financiers Richard C. Perry and Ronald W. Burkle.” Global luxury goods sector continues to grow (Business Week) “Monitor Altagamma said Monday that luxury spending in China is expected to grow by 18

…Continue Reading