The luxury industry has never been better. There is a new millionaire in China every hour, so the growing interest of people for luxury became a true fact. People from all over the world get interested to luxury and it is interesting to highlight how popular Luxury news magazines and newspapers have become.
The luxury world is expanding
According to Euromonitor and Forbes magazine, the luxury industry worldwide represented $ 300 billion sales. 33% of this figure came from Europe, representing the biggest luxury market in the World. The region gets a +5% year on year which shows that there is no crisis in luxury. If we take a close look in other regions like Asia-Pacific, we can see that there is a triple digit growth in the luxury market since 2008. If the growing remains exponential, Asia will become the biggest market for luxury by 2018. Countries like China and India are definitely pushing the growth in Asia but we should not forget areas like Malaysia, Indonesia, Taiwan or even Singapore that are developing very fast and people are getting rich. The luxury business in China is suppose to cross the level of $ 20billion before 2018, knowing that 30% of total luxury buys by Chinese are done in Hong Kong, we let you imagine the potential in that area.
Another region of interest in Luxury is Latin-America. Brazil and Mexico are definitely leading the way. Mexico has overcome Brazil with a total GDP of $ 1.2 Trillion (source: Forbes) Amazing businesses have opened in Mexico and abroad bringing a high level of wealth to the country. Brazil is a giant with its 200 million inhabitants. According to Forbes magazine study about Brazil and Luxury, Brazil has 36 billionaires and 136’000 millionaires. These people represent a strong purchase power and is lifting up the market, including the interior market.
Who is interested in Luxury news?
The luxury world has evolved towards less historical references into more openness and versatility. 50 years ago, only a few brands were the leading jewels of luxury. Fragrances, Fashion and wine were French, Design was Italian, luxury liquors were Scottish and Diamonds were from South Africa. Today things have changed and new luxury brands appears everyday. When you were not raised in a certain culture of luxury you might feel completely lost in terms of knowledge and understanding of all these. Which are the right brands, the good ones? That is why there was a strong development of specialized publishers in the luxury area.
- Luxury newspapers
- Luxury magazines
- Luxury blogs
People need information and expert advice on the brands you need to buy from and the others you should not. There is also a lot of capital investment so wealthy investors also need to get a feeling of how things are evolving in the luxury business. So yes, luxury news are crucial for people to connect to brands, businesses, trends and investments.
Luxury goes digital, a good thing.
With the exponential growth of internet and the development of technology that allows people to share information online, the luxury news business has developed a lot. Established luxury magazines developed their own website and now even mobile apps. New comers decided to go 100% digital. Some of them started as luxury blogs and became true webzines in the web, others immediately developed a full online community that has been growing and growing. In some regions where print press is not necessary well distributed and even postal service might not be very performant, the digital consumption of magazines and newspapers are increasingly important and useful.
Luxury news on google.com
One easy way to get updates on luxury news is to simply search for it on Google. When you type “Luxury News” on google.com, here are the top 5 results you get. These represent the most impactful websites around luxury news and luxury updates.
This online website is based in Singapore, Asia. Their aim is to supply news and updates on the most luxury and exclusive products and services. It is like a digital guide for connoisseurs. 30 people from expert contributors to writers, technical and Design teams, Luxury Insider invests heavily on content creation in order to provide an interesting experience.
CNN is the world champion and the inventor of modern breaking news concept. When they launched CNN Money. The website was originally formed as a joint venture between CNN and Time Warner’s Fortune and Money magazines. Since the spin-off of Time Warner’s publishing assets, CNNMoney has operated as a branch of CNN.com and is no longer tied to these magazines. This section has a luxury area in which all luxury news are displayed. Always on top of the news, online readers will be able to find the hottest news around Fashion, Watchmaking, Real estate, yachting, Business and leaders of the luxury industry.
This website is property of Napean LLC. This company publishes online news, analysis, and opinions on mobile marketing, media, and commerce for marketing, media, and business executives. It offers Mobile Commerce Daily, a mobile commerce daily trade publication; Mobile Marketer, a trade publication covering mobile advertising, marketing, media, and commerce; and blog.mobilemarketer.com, a vehicle for commentary on mobile issues. Luxury Daily is definitely the flagship title and will offer a wide range of themes, often focused on the fresh news.
One important reference in the luxury news activity is Luxuo. This website became an expert on Luxury announcements, press releases, events and reviews. It represents a very rich source for luxury information. Very popular on Social media with its 356’000 fans on Facebook, Luxuo is read by millions of people every year.
The Telegraph became a worldwide reference for business and news. The emerging markets like India, Malaysia, Taiwan or Indonesia represent a fast growing opportunity to increase the number of readers. These are all english speaking countries so the content is applicable to all of them. Year after year, luxury became a big point of interest for a dedicated business clientele. It is a great way to spend one’s money but it can be also a nice way to invest money. The Telegraph understood this quite fast and became a top result on search engines around the world.
Other emerging luxury news website(http://luxuryactivist.com) are coming as it is a fast growing interest around the world. All new websites are going 100% digital, fully mobile responsive and in english language. They all have a sharp eye in the luxury business, most of them are managed by former luxury industry professionals. There are also many former journalists from important news publishers that decide at one point to write for themselves and start their own online news business. From blogs, to webzines, forums and websites, the luxury aficionado has a large choice of possible sources in order to keep updated with the latest news. Technology and internet are great accelerators to this business.
Info sourced at Euromonitor, Forbes and all media respective websites. All content is copyrighted with no reproduction rights available.