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Not so long ago, Reema Al Khomeiri , a Lebanese entrepreneur based in Abu Dhabi , was enjoying brisk business, with her label-obsessed customers snapping up 150 to 200 designer goods a month. Recently, the numbers have been trickling in, , she's lucky if she gets more than 40 orders every month. "The demand has decreased. In the last 9 months, I think everybody has been hit by somethin...
BHUBANESWAR, 2013-05-25 -- German luxury automobile maker Audi on Friday announced a target of selling around 120 automobiles in Odisha this year. Making clear its intent to aggressively push into Odisha, which it views an important emerging Industry, Audi India opened its 1st showroom in the State at Utkal Signature on the National Highway No 5 at Pahala . The swanky showroom spread over 14,500 sq ft w...
Charlotte, NC (PRWEB) 2013-05-23 Interluxe today announced the launch of its new Online Luxury Real Estate Auction Platform . With this new proprietary platform, Interluxe now provides luxury property auctions globally, completely online, where motivated sellers, dedicated agents, , discerning buyers connect to do business on their own terms. Interluxe specializes in the auction...
The latest manufacturing data from China sent Asian shares into a funk today with an unexpected fall. This confirmed the anecdotal evidence reported by ArabianMoney on a tour of China last month that the economy is slowing down faster than the official figures would indicate. The preliminary reading of 49.6 for the HSBC Purchasing Managers' Index released today in association with Markit...
Redfin, a technology-powered real estate broker, released an analysis of luxury home sales across 22 U.S. markets. as reported by a release, the report tracks the number of homes sold for US Dollars 1 million or more from 2008 to 2013 , shows the most luxurious zip coIndustryeach market. While the U.Industrysing market has shown clear signs of recovery in the lastIndustry the market for homes priced at ...
Supercar is now priced closer to mortals MCLAREN has brought the rarefied pricing air of the supercar Sector a little closer to Earth. The British luxury sports automobile builder with strong Formula 1 pedigree has cut about US Dollars 100000 from the mortgage-sized prices of its MP4-12C range. McLaren revised its Australian prices for the 12C hard-top to start from US Dollars 398000 (down from US Dollars 493100 ...
MUMBAI : With luxury companies setting up base in India , there is a growing demand for managers armed with specialized management degrees in luxury. Looking at the growth in career opportunities in luxury, leading business schools which offer management courses in luxury brand management - such as ESSEC in Paris , SDA Bocconi in Milan - are witnessing an increase in demand from markets...
Dubai has defied a global slowdown in the luxury property Industry after witnessing a 5.4 % rise in prices during the Q1 of this year, as reported by Knight Frank. The emirate came 4th in a ranking of the world's luxury property markets, behind only Jakarta , Bangkok , Miami in terms of price rises, the property consultancy said. Prices of luxury villas , apartments i...
Imported luxury automobiles in India will likely be more affordable beginning in 2017 due to trade agreements with the European Union , government officials said. Trade agreements under discussion include dropping customs duty for European automobiles to 30 %, The Times of India reported Saturday. That tariff mostly affects luxury brands because the lower sales volumes for high-priced automobiles gene...
New Delhi , 2013-04-20 -- The EU, with sluggish sales of automobiles has made a provision under the Indo-EU FTA to allow import of automobiles into India at concessional duties. This would aid in a dramatic reduction in the cost of luxury automobiles in India , opening up the Industry to a larger population. The government under pressure from Japanese , Korean auto manufacturers will also provide conces...
LONDON , 2013-04-18 /PRNewswire/ -- High-net-worth individuals seek safe haven for their assets as reported by analysis conducted by LuxuryEstate.com [ http://Luxuryestate.com ], the international online platform dedicated to sale of high-end properties, the interest in purchasing luxury properties (valued to be worth above Euros1m ) has increased by an average of 2 % in the last 1...
KUALA LUMPUR : Malayan Banking Bhd (Maybank) has launched Luxury Edition, a single premium closed-ended investment-linked insurance plan, said to be the region's 1st such plan that is tied to the luxury Industry. The plan offers a combination of insurance protection , investment for potentially higher returns, all within 1 single plan. In a statement, Maybank said it targets to ac...
SEOUL , 2013-04-10 (Yonhap) -- South Koreans have an average of 9 designer-label goods in their closet , buy at least 2 of such items every year, reflecting their unwavering fever over luxury merchandise, a survey showed Wednesday. A South Korean aged over 20 has purchased an average of 8.81 designer label goods like Gucci , Chanel , Prada , as reported by a survey on 1,000 buye...
India , 2013-04-09 -- MagicBricks.com is the 1st major portal to make a foray into the Luxury Home Sector. Notorious for being a highly demanding , challenging customer, the luxury home seeker has very specific , particular requirements - this is the challenge that MagicBricks.com will seek to meet through its new section dedicated to Luxury properties. It is interesting to note that...
CITY planners have given the green light to a new development at Jaguar Land Rover's Castle ...
New Delhi , 2013-03-30 -- India may slash import duties of luxury automobiles by half in the proposed free trade agreement with the European Union , which an unnamed official in the government claims, would be enough in its effort to protect the domestic auto Market, a report said. India currently imposes basic custom duties of 100 % on import of completley built unit (CBU) automobiles. The proposa...
President Morsi has issued a decree raising customs tariffs on 100 'luxury goods', including shrimps, caviar , chewing gym. The move comes as the Egyptian government struggles to reduce its balance of payment deficit , raise state revenues to bridge the government funding gap. The decree issued on Sunday raises customs tariffs by 5 % to 40 % on items including sunglasses, watc...
Berlin (dpa) - The world's leading luxury automobile maker BMW said Tuesday it expects its pretax profits in 2013 to remain around the same as last year's record profits, due to spending , concerns about European automobile sales. "Due to higher expenditures for new technologies , models as ...
BUSINESS Secretary Vince Cable will this week launch a campaign to promote exports of British luxury goods to emerging markets. The scheme, to begin on Wednesday, includes campaigns to sell brands such as Jimmy Choo , Burberry to growing regions such as India , China . It comes as figures this week are expected to show tentative signs that exports are picking up. Ana...
Atlanta, GA (PRWEB) 2013-02-28 Affluent households have a higher buying power than other consumers due to their disposable incomes. This Sector is the perfect audience for marketers to target. This loaded group has the potential to spend a lot of money on many luxury goods , services. AccurateLeads unveils several new lists that will help marketers reach affluent consumers an...
Austin, TX (PRWEB) 2013-02-27 Crystal Guthrie with Cantera Real Estate in Austin, Texas has earned the prestigious Certified Luxury Home Marketing Specialist designation in recognition of her experience, knowledge , expertise in the luxury home Industry. ?Crystal Guthrie is an example of a real estate professional who has worked to develop Industry knowledge , the special ski...
General Motors Industry player has reported total sales of 310,765 units in China in January 2013 , an increase of 26 %, compared to January 2012 . Shanghai GM sold 154,220 vehicles in China , an increase of 24.3 % year on year. SAIC-G...
Beijing ( China Daily /ANN) - China Industry is the best route for makers of expensive vehicles who want to rev up profits. "You could never imagine how important the China Industry is to Bentley," said Nigel Lofkin , factory tour guide , former leather trimmer in the British premium brand's Crewe headquarters. "Of the 8 Bentley Mulsanne Grand Tourers we produce today, 6 are going t...
Baltimore, Maryland (PRWEB) 2013-02-13 Luxury vehicles capture a large portion of the annual sales in the United States , Canada for automakers. These vehicles are sold in new , preowned condition to buyers who prefer quality, speed , interior amenities. The EnginesforSale.org Industry player has discounted its Mercedes engines for sale to provide more options for buyers search...
Seoul ( The Korea Herald /ANN) - In an effort to uncover hidden tax revenues, the Korea Customs Service will ramp up its tariff audit on luxury goods imports this year, officials said. Items subject to the change are mostly designer clothes, bags , automobiles - imported by the Korean branches of multinational companies. "We will expand the range of subject companies from 80 to 130 this year, i...
Kualalumpur: Here is the text of news released by official news agency Bernama on its website: The luxury Industry in India is expected to grow at 25 per cent to USUS Dollars 15 billion between 2013 , 2015 from the current level of USUS Dollars 8 billion amid increasing purchasing power , brand awareness among yoIndustry "The luxury marke3poised to expand t3fold in the next three years , th...
By a News Reporter-Staff News Editor at Economics Week -- Data detailed on Economic Research have been presented. as reported by news originating from Calcutta, India , by VerticalNews editors, the research stated, "The paper shows that in a 2-good economy with a basic , a luxury good Market inequality is indeed a hindrance to provide sufficient incentive for entrepreneurship to low-weal...
KOLKATA : Irrespective of the continued global economic slowdown, the luxury Industry in India is pegged to grow at 25 % in 2013 till 2015 , likely to touch US US Dollars 15 billion from the current level of US US Dollars 8 billion , reveals the Assocham (Associated ChaMarket Commerce , Industry of India ) Yes Bank study. While releasing the study Assocham secretary general D S Rawat said, "the luxur...
New Delhi , Feb. 5 -- Irrespective of the continued global economic slowdown, the luxury Industry in India is pegged to grow at 25 % in 2013 till 2015 , likely to touch US$ 15 billion from the current level of US$ 8 billion , reveals the ASSOCHAM-Yes Bank study. While releasing the study ASSOCHM Secretary General Mr. D S Rawat said, 'the luxury Industry is poised to expand 3 fold i...
PARIS (AP) ? French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 % last year, as wealthy customers snatched up its Bulgari jewelry , flocked to its luxury malls. The Industry player behind Givenchy gowns , Louis Vuitton luggage said it pulled in ?3.4 billion ( US Dollars 4.6 billion...
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