Month: July 2024

03 Jul, 24

Five key trends you need to know about the global luxury wealthscape over the coming year

Subsequent to the keynote about the new luxury wealthscape from Agility Research & Strategy’s Amrita Banta at the Walpole British Luxury Summit in April, here the trend forecaster shares five key takeaways from its recent TrendLens™ 2024 Global Millionaire study Earlier this year, Amrita Banta, Managing Director at Agility Research & Strategy, joined us at […]
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03 Jul, 24

LUXURY WOMEN LEADER TO WATCH IN 2025!

We are incredibly proud of Amrita’s achievements and look forward to the exciting leadership she will bring in 2025. What I most like about my jobTo be able to work globally with luxury clients across sectors like auto, fashion, watches and jewelry, wine and spirits, travel and finance makes the job very exciting. Seeing our […]
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03 Jul, 24

Hermès, Chanel, LV hike prices in China despite economic headwinds

Luxury brands are strategically raising their prices in China amid slowing economic growth. But with priorities changing, how are consumers reacting? Amid a slowing economy, plummeting consumer confidence, rising unemployment, and deflation, a handful of luxury brands have been raising their prices in China. French leather goods and fashion brand Hermès raised its retail prices in the […]
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03 Jul, 24

Yes to quiet luxury, Paris and Hong Kong — China’s millionaires have spoken

Post-pandemic, China’s affluent prefer Hong Kong and France for luxury shopping, valuing exclusive experiences and limited-edition items. What happened Hong Kong and France have emerged as the top post-pandemic shopping destinations for China’s millionaire travelers, according to a new survey by Agility Research and Strategy. A survey of 2,000 affluent and high-net-worth individuals (HNWIs), conducted by Agility’s TrendLens […]
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03 Jul, 24

Why China could become the luxury industry’s next sore spot

SHANGHAI/PARIS, July 19 (Reuters) – The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont suggest both markets may be starting to slow. Major luxury brands have invested millions to reach new customers in the two […]
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