“We're on the road eight months of the year to bring the latest and popular luxury items to our valued clientele, who are VIPs,” said Molemaar, who's also a clothes designer, showing that the suit he wore had been designed by him. Explaining how the …

Chinese consumption of red wine has rocketed 136 per cent over the past six years, as wealthier shoppers continue to pour money into luxury items. The increase was also partly driven by cultural preference for red wine over white, the study said. In …

Over two-thirds of luxury spending by mainland Chinese was made overseas in 2013, according to the China Luxury Goods Market Study published by the consultancy Bain & Company. Because import duties and other taxes on imported goods in China …

There are currently 380 million luxury goods consumers and this number is set to rise to 440 million in 2020, according to a study conducted by Italian luxury goods association Altagamma and consultancy Boston Consulting Group. The study found two …

Shoppers walk past a Louis Vuitton store during Christmas Eve, at the Ion Orchard shopping mall, in central Singapore December 24, 2010. — Reuters picMILAN, Jan 29 — Luxury goods consumers around the world will spend €880 billion (RM4.01 trillion) on …

Vietnamese crazy about expensive branded goods. VietNamNet Bridge – More and more Vietnamese have got keen on luxurious goods and willing to pay money on branded products, even though they are much more expensive than the average income.

According to tech site Recode, the internet giant approached 1stdibs, a U.S.-based site which sells vintage luxury items through a network of retailers, to offer Series C funding. The luxury e-tailer was founded in 2001 with the goal of bringing the …

Bob McDonnell (R) and his wife, Maureen, on 14 counts stemming from their acceptance of gifts, luxury vacations, and large loans from a wealthy Virginia businessman. Included in the indictment is a list of cash and other assorted items the McDonnells …

MILAN (Reuters) – Luxury goods consumers around the world will spend 880 billion euros (723.6 billion pounds) on personal items and experiences like holidays a year in 2020, 20 percent more than is spent on such goods today, a study said on Tuesday.