Latest Luxury good Stories

BEIJING, June 10, 2011 /PRNewswire-Asia/ -- The 700 million male consumers in China are becoming the king's of international luxury brands, such as LV and Armani. After 30 years of rapid economic development, a flood of high-end consumers are emerging in the country where the fashion world no longer opens its doors to women only. Related studies show that about 70 percent of Chinese high-end consumers are made up of men as the backbone of the Chinese high-end consumer base. The high-end...

LAUSANNE, Switzerland, June 7, 2011 /PRNewswire/ -- WISeKey welcomes the luxury world to employ WISeAuthentic, the innovative technology defending luxury brands in the fight against counterfeits. WISeAuthentic technology already protects several brands with a demo on Hublot and Chris & Cris at the WISeKey booth at FT Business of Luxury Summit this week in Lausanne, Switzerland. WISeKey's founder Carlos Moreira will also discuss the issue as part of the panel "On the Counterfeiting...

LONDON, June 3, 2011 /PRNewswire/ -- Last week, luxury goods makers such as Lamborghini, L'Oreal, Cerruti and Roberto Cavalli were among those at the Reuters Global Luxury and Fashion Summit to announce that they had seen an upswing in sales and expected 2011 to be one of their strongest years since the recession hit - the retailers say this is thanks to the input of fast growing countries such as China and a worldwide boost in consumer confidence. farfetch.com, which gives customers access...

BEIJING, May 26, 2011 /PRNewswire-Asia/ -- Recently, the industry has been all abuzz with the news that international luxury goods brands are partnering with Vipstore.com, a high-end fashion e-commerce platform, to enter the Chinese luxury goods market. Almost overnight, Chinese luxury goods e-commerce leading company VIPStore has become the focus of the entire industry's attention. According to experts' statistics, China's luxury goods market was worth RMB15.6 billion in 2010, and has an...

LONDON, May 19, 2011 /PRNewswire-FirstCall/ -- Luxury goods company Compagnie Financiere Richemont unveiled annual results today showing net profits exceeding the 1 billion euro mark together with strong cash generation of EUR1.7bn. In an interview with financial broadcaster http://www.cantos.com, Deputy Chief Executive Richard Lepeu outlined plans to use the cash to develop the company's manufacturing capability and open new stores for its brands to meet the expected growth in the...

BEIJING, April 29, 2011 /PRNewswire-Asia/ -- Gilt has become a synonym for luxury e-commerce in the US and across Europe by building out portals based on their invitation-only + discount + luxury brands formula. Now, the luxury e-commerce wave is sweeping across China. Research shows that the web has become the luxury product buyer's second-most commonly visited locale for learning about luxury products, after bricks and mortar stores. More and more companies are taking advantage of the...

SOUTHFIELD, Mich., April 20, 2011 /PRNewswire/ -- The Asian automotive market in the U.S. grew at a faster pace than the overall automotive market in 2010, according to Polk. New vehicle registrations among Asian-Americans in 2010 grew 10.4 percent over 2009 and accounted for 438,430 vehicles, signaling a slight improvement in market share among this audience. The Asian-American automotive market accounted for 5.1 percent of the overall market in 2010, according to Polk analysis. Overall...

GENEVA, April 13, 2011 /PRNewswire/ -- WISeKey is revolutionizing the luxury world by protecting brands such as Hublot, Dior and Chris & Cris with its patented Digital Brand Protection Solutions. A completely new way of protecting luxury brands whilst fighting counterfeiting, boosting sales, providing a private social network for brand fanatics and offering a lifelong bond with the customer emerged this year at Basel World. WISeKey's brand protection technology, WISeAuthentic,...

SHANGHAI, April 6, 2011 /PRNewswire-Asia/ -- Xiu.com, China's biggest luxury and fashion online shopping website announced first round VC of 20 million USD from famous Silicon Valley investor KPCB. "We were inspired by many successful B2C fashion websites in U.S. and Europe," said Mr. George (Wenhong) Ji, Founder and CEO of Xiu.com, "And compared with them, we still have at least 1000% growth potential in China". Mr. Ji also said with the fund, the company will improve negotiating and...

buySAFE, Inc., a leading provider of consumer confidence and website conversion solutions, and Jomashop.com, one of the top online retailers of luxury goods such as watches, fine writing instruments, handbags, luxury crystal and jewelry determined during a recent A/B test that the buySAFE 3-in-1 Guarantee provided a very positive increase in Jomashop's website conversion rate and sales. Arlington, VA, and Brooklyn, NY (Vocus/PRWEB) March 31, 2011 buySAFE, Inc., a leading provider of...