Tag Archives: luxury goods

Luxury goods-makers win fight to block retailers from selling on Amazon

Luxury goods-makers win fight to block retailers from selling on Amazon

Luxury brands can now ban retailers from selling their goods on online marketplaces such as Amazon and eBay, Europe’s top court has ruled. The European Court of Justice decided on Wednesday that a ban was “appropriate to preserve the luxury image” of products. The case was bought by cosmetics group Coty, which owns brands such

Authenticity cited as key driver of diamond sales among millennials

Millennials are adopting a ‘less is more’ mentality when it comes to purchasing high-end goods, according to a new study. The study, from American company Real is a Diamond, found that 89% of participants look for authenticity when buying luxury items such as diamonds. It also identified that 94% of the highest earning millennials prefer

FEATURE: Retailers discuss how the luxury market has evolved

When Professional Jeweller travels around the country to meet jewellery retailers and discuss business, a common theme among luxury jewellers is that things are good at the moment. So while London has been crowned the number one city for luxury retail this year, it appears the capital is not the only place benefiting from high-end

Private flights to London soar as wealthy shoppers lap up luxury prices

Private jet charter, GlobeAir, has reported a 53% increase in flights to London as wealthy shoppers take advantage of luxury goods being made cheaper by the post-Brexit pound. Comparing the first five months of this year to the same period in 2016, the Austrian-based air taxi operator says this dramatic increase is being fuelled by

LVMH jewellery sales achieve ‘remarkable momentum’

Luxury group reports strong year in 2014 but watch buying weak. Jewellery sales achieved “remarkable momentum” at LVMH in 2014, which the luxury group dubbed an “excellent year”. The watches and jewellery division at LVMH posted organic revenue growth of 4% in 2014. However, profits took a 23% year-on-year tumble, dropping to €283 million (£214.1m).

Tourism drives 55% of UK luxury goods spending

New stats from Bain & Co.’s 2013 Worldwide Luxury Goods study. Management consultancy firm Bain & Company has released its 2013 Luxury Goods Worldwide Market study, revealing that more than half of luxury goods sales in the UK are driven by tourism. The findings have been presented in collaboration with Altagamma, the Italian luxury goods

Luxury goods growth of 2% forecast in Europe

Report from Bain & Co shows market positivity despite cooling Q1. A new report from consultancy firm Bain & Co. created in partnership with Italian luxury goods organisation Altagamma has revealed "cooling" luxury goods growth in Q1 2013, following double-digit growth in 2012. Despite this the report forecasts positive global outlook despite economic uncertainty, with