Luxury items 

China’s personal luxury market grew 36% in 2021 – Robb Report

The coronavirus pandemic continues to rage but that hasn’t slowed down the Chinese luxury market at all. Last year, the country’s personal luxury market grew by 36%, according to a new report from Bain & Company (h/t Barrons). Thanks to this spending boom, China’s share of the global luxury market is now larger than it was before the pandemic began. The consultancy firm’s latest report estimates that Chinese consumers spent 471 million yuan (equivalent to $74.3 billion) on personal luxury items last year. Not only is this a marked increase…

Read More
Luxury items 

Rolex Yacht Master watch and other luxury items seized from Whistable man following road rage incident in Chatham Hill

A luxury watch and designer items were seized from a road rage suspect who had an outstanding court order against him. Police were first called to a collision between a tipper van and a car in Chatham Hill, Chatham at around 5.25pm ​​on Thursday January 13. Officers were on their way to a collision in Chatham Hill But as patrols were en route, the two occupants of the van allegedly behaved aggressively towards the driver of the car, before asking him to use a banking app to transfer £1,000. The…

Read More
Luxury items 

Ford and ADT Form Joint Venture to Manufacture Vehicle Safety Products | Michigan News

DETROIT (AP) — Ford and security firm ADT have formed a joint venture that will help companies protect the expensive vehicles and equipment they carry from theft. The company’s first product called Canopy is a system that uses cameras, radar, global positioning and artificial intelligence to spot a potential thief and notify ADT, which will monitor feeds and notify the customer or authorities if necessary. . The system will be offered as an accessory on Ford and other top-selling vehicles from next year. The company plans to integrate it into…

Read More
Luxury items 

Aldi and Morrisons launch huge baby events with discounts on strollers, bottles, nappies, formula and more

Two supermarkets hold baby events so mums and dads can save on essentials. Low-budget grocer Aldi is bringing back its annual babies and toddlers event this month. Shoppers will be able to get their hands on Specialbuys that are only on sale for a limited time. The supermarket sells items such as the Multiride stroller (£139.99). Suitable from birth to 4 years old, it has a fully reclining and adjustable backrest in four different positions to ensure comfort and ease for all day outings. You can also buy the Pocket…

Read More
Luxury items 

The global supply chain crisis is hitting hotels where it hurts the most

Right now, supply chain shortages in hotels — and, quite frankly, everywhere else — are an all-too-familiar scenario in the wake of the pandemic. At the start of the week, the the wall street journal reported that properties across the country have struggled to source mini bottles of shampoo, towels and other basics. And understand this: items such as champagne flutes are also rare. Forget the flutes, says Bjorn Hanson, adjunct professor at the New York University Tisch Center for Hospitality– even if they had the glasses, today’s properties may…

Read More
Luxury items 

As things fall apart, the super rich are spending $ 2 million on whiskey. We need a wealth tax | Owen Jones

YesYou might need a drink of alcohol to believe this. Last October, a new record was set: a cask of 1991 Macallan whiskey sold chilled $ 2.33 million. At least it was a whole barrel of premium liquor: Earlier last year, a luxury 30-year-old Irish malt case containing a golden Faberge egg was auctioned off for $ 2 million, hardly more than one single bottle of scotch end of 2019. Is whiskey really worth 2 million wholesale? As any economist will tell you, the value of something is determined by…

Read More
Luxury items 

The luxury motorhome fleet was not ‘luxury’ – Canon City Daily Record

Until now, what was promised as a one-off luxury RV park on Phantom Canyon Road has not been viewed as luxurious by county officials. The Fremont County Council of Commissioners on Tuesday filed a decision to consider a major amendment to an existing special examination use permit held by Phantom Canyon RV Ranch, located at 505 County Road 67 in Penrose. The board heard reports from the Fremont County Planning and Zoning Director and Fremont County Building Manager, both of whom expressed concern over homeowners’ non-compliance with their existing SRUs.…

Read More
Luxury items 

Rolls-Royce boss: “We will never be a volume company”

Rolls-Royce boss Torsten Müller-Ötvös has promised that the luxury brand will prioritize exclusivity over increasing volumes beyond the record numbers reached in 2021. Describing Rolls-Royce’s exceptional sales figures for 2021, which include a 49% volume increase and increasing sales in all key markets, Müller-Ötvos was quick to pour cold water on everything. suggestion that the British brand would seek to become more mainstream. “Be absolutely clear: Rolls-Royce is not, has never been and never will be a volume-driven company,” he said. “We are no longer just an automobile manufacturer: we…

Read More
Luxury items 

Luxury brands study personas to try to stay relevant

Luxury buyers are getting younger, not only in Korea but around the world. According to a report by Bain & Company, the proportion of luxury consumers born in the late 1990s and 2000s, otherwise known as Gen Z, doubled last year to 17%. , up 9 percentage points from 2019. Millennials, those born in the 80s and mid-90s, made up almost half of the global total at 46%, up 12 percentage points from compared to the previous year. The consulting firm estimated that by 2025, seven in ten luxury buyers…

Read More
Luxury items 

Africa Luxury Leather Goods Market Size Analysis 2021 || Industry share, growth analysis, regional demand – industrial IT

Luxury leather goods market in Africa is valued at $ 49.3 billion in 2019 and will reach an estimated valuation of $ 61.01 billion by 2027, while recording this growth at a rate of 2.7% for the forecast period of 2020 to 2027. The report in the luxury leather goods market analyzes the growth, which is currently growing due to the increasing popularity of leather jackets. Realistic Africa Luxury Leather Goods market report has been prepared considering several aspects of marketing research and analysis including estimates of market size, market…

Read More