newluxury goodsand the expansion of their markets. The industrial luxury groups value their semiotic heritage, in the form of the trademark. Bernard Arnault, the owner of LVMH, used to say that the source of the incredible success of Louis Vuitton is its 150-year history. Yet French luxury ...
As select Louis Vuitton stores begin to re-open around the world, hand-drawn rainbows serve as welcoming beacons of hope during these turbulent times. 23rd May 2020 Well-Being: The New Luxury The definition of health and wellness is widely evolving. Consumers are focusing more on the value...
As DHL’s The Logistics of Luxury report shows, seismic shifts in the luxury goods market are in motion. In 2022, Asia became the largest market for luxury goods in the world. Global revenues reached US$312.6 billion - and Asian countries accounted for US$124.2 billion or 40% of the tota...
Over the past years, there has been a remarkable growth in the luxury market. For example, the market for personal luxury goods has more than tripled during the last two decades from €73 billion in 1994 to €224 billion in 2014 [5]. This is especially..
Opting to flash the horological goods with a Constellation, he chooses a variation with enough precious metal to turn a steel-lover's stomach! Sized at 41mm, this number follows on from the classic Constellation visual with a number of now-famous characteristics. ...
There is, however, no absolute definition of luxury, for the conception is relative to both time and person. It is a commonplace of history that the luxuries of one generation may become the necessities of a later period; thus, no hard and fast line can be drawn between luxuries, comforts...
A broader definition of luxury Japanese luxury consumers today weigh the purchase of luxury goods against luxury experiences, such as a vacation, a meal at an expensive restaurant, or a day at a spa. Across demographic groups, almost half of the survey respondents said that they would rather ...
An evolving definition of luxury in China When the country opened up and luxury goods began to circulate again in China, the first generation of Chinese luxury consumers utilized luxury goods to flaunt their wealth and show other people that they managed to climb the social ladder. Nevertheless,...
At the end of the day, luxury goods are just “stuff”. Outside of the marginal cost of materials and labor, this stuff is only worth the value we ascribe to them. My enjoyment of a beautiful object cannot be diminished by the ability for other people to acquire it too, if I’m tr...
practices. Simultaneously, new hotels were built and old ones were refurbished on the terms of types of accommodation, styles, and so on. The aim of this chapter is to question these transformations. Is it necessary to frame a new definition of luxury hotels to understand this supposed ...