luxury figures

Swiss luxury report: millionaires per households: Switzerland is now number one!

Swiss luxury report: millionaires per households: Switzerland is now number one!

The Early bird catches the worm! This is what popular culture says. But the one with loads of money as well, especially if he comes from Switzerland. In deed for the first time, Switzerland overpassed Bahrain and Qatar in the number of millionaires per 1000 households. These are consolidated figures from 2014. In terms of Luxury news for the country, it shows how strong the national market is. The last study made by Boston Consulting Group about the world wealth shows…

Luxury news: India, the other giant luxury market

Luxury news: India, the other giant luxury market

United States, Europe or China has been ruling the luxury market for several years now. Another interesting country is India. The 1.252 billion inhabitants country represents an amazing opportunity for brands who know how to play it right. In 2016, the luxury market in India will represent a $18.3 billion sales, which is a +25% growth. This is big Luxury news! We might wonder why India is having such a strong growth of its luxury market. There are several explanations….

Luxury in China 2015 – key figures.

Luxury in China 2015 – key figures.

The luxury industry in China is like a roller-coaster. Sometimes we go up, sometimes we go down and sometimes things are upside down. In 2015 the Chinese market represented 20% of the global luxury business. This means $17.2 billion. Full review here.

South-Africa is the biggest luxury market in Africa. Rising star!

South-Africa is the biggest luxury market in Africa. Rising star!

South Africa is an amazing market for luxury. It is a giant within s giant. Here is a snapshot of the luxury landscape in South Africa. From the market, to brands, distribution and fashion designers.

Friday Chronicles #5: The purpose of a luxury Brand, The lost world.

Friday Chronicles #5: The purpose of a luxury Brand, The lost world.

In 2013, the luxury industry grew by 4% to cross the bar of $ 200 billion worldwide. At constant exchange rates, the growth would have been 6% (source: Bain company 2013 study). So the more the crisis strikes the world the more the luxury industry performs well. The emerging countries are wonderful machines to produce new millionnaires every year and these people have a high spend in terms of luxury purchase power. According to a study done by Forbes magazine…

Russian luxury market, so what?

Russian luxury market, so what?

Since the ex-URSS disappeared, many brands, especially the luxury ones have been trying hard to make good money in Russia. Luxury shopping malls in Moscow were built and many companies installed subsidiaries there. But are they really making money? What is the luxury industry status today? Until the global financial crisis of 2009, the luxury market in Russia was at the level of 8 billion dollars. Since the crisis stroke hardly many of the industrial countries, this figure was basically…