“Luxury retailers are often the first to enter a new market because they are catering to a small, elite group of customers who are very wealthy and want to buy luxury goods to demonstrate their status,” Mr. Allen said. New frontiers. Many fashion …

Dhaka, July 15 (IANS) For many people in the affluent world, using a computer is just an ordinary thing. But for a large section of the urban population in the Bangladesh capital, the use of computers, and particularly the internet, is still out of …

He also has a chain of gyms, a sports health clinic and a six-storey building which houses a Rio de Janeiro university, as well as a nightclub in Rio's most affluent neighbourhood, Leblon. If that isn't enough, he owns millions of pounds worth of real …

Smartwatches are expected to entice the so-called Generation Y, born into an increasingly tech-savvy world between 1980 and 2000. And luxury goods lovers of all ages, who tend to be big tech consumers, will also likely be seduced, Rodi said, insisting: …

EVEN those who don't consider themselves part of the Apple fan boy club would have to admit that the company has a history of making game-changing products with plenty of cool factor. But along with the big hits of the iPhone, iPad, iMac and iPod …

Chief executive David Dearie said the company would pay its US distributors up to $35m to destroy old vintages of TWE's commercial wines – lower-priced products that deteriorate rather than improving with age. Mr Dearie said the clear-out would ensure …

That infusion is helping to boost Mexico's luxury goods market, which is projected to expand 12 percent this year, on par with growth over the last four years, according to Bain & Company, a consulting firm. By contrast, total retail sales grew 3.7 …

Let's face it, if there's a product—there's an upgrade. As premium products roll out at lower prices, the battle to keep elite goods elite took a new turn: accessorizing. From gold plated game boards to titanium gift cards, the ability to take common …

Graffiti artists ruin $2.5m private jet · Graffiti artists ruin $2.5m private jet. IMAGINE being lucky enough to own a $2.5 million luxury private jet only to find out vandals had snuck past airport security and vandalised it. Ouch!