A website called Buyma, billing itself as a “social fashion site,” is connecting individuals looking for luxury brand products unavailable in Japan with people abroad willing to buy them on their behalf. The main overseas buyers for the site, which is …
American consumers have a taste for luxury and automakers are rushing to deliver by upgrading interiors, loading up on fancy features and expanding their offerings with stylish new models. Some analysts warn that the line between the mass market and…
Audi reported an 8.3% rise in global sales in 2013 to a record 1.58 million cars, driven by the revamped compact A3 model and the brand's growing line-up of SUVs. Mercedes, which lost the lead in luxury-car sales to BMW in 2005, delivered 1.46 million …
Shoppers walk past a Louis Vuitton store during Christmas Eve, at the Ion Orchard shopping mall, in central Singapore December 24, 2010. — Reuters picPARIS, Jan 14 — The number of luxury goods buyers reached 330 million last year and is set to rise …
While the options race has increased pressure on luxury brands to innovate, the prestige associated with their brands is what truly sets them apart. "You can get a Nissan Maxima or Buick LaCrosse with an extraordinary amount of content. But the one …
Tom Rowntree, Vice President Brand Management Upscale & Luxury Brands, Europe at IHG (InterContinental Hotels Group), IHG comments: "The opening of InterContinental Davos reflects the success of the InterContinental Hotels & Resorts brand, not only …
Toyota Motor Corp.'s Lexus brand Tuesday unveiled a new performance coupe as the company's luxury seeks to keep rebuilding sales. The 2015 RC F, with a 5-liter V-8 engine capable of generating 450 horsepower, was shown at the North American …
Not only was a Japanese manufacturer bold enough to hold its announcement in the heart of the American domestic car industry, it was signaling its intent to challenge the traditional European luxury brands with a flagship sedan capable of going …
Not all luxury brands have fared equally under Chinese President Xi Jinping's crackdown on graft and conspicuous flaunting of cadre wealth. While fancy watch sales dipped 11 percent in the year since a Rolex-wearing Chinese official nicknamed “Brother …