It’s that time of the year where luxury houses are releasing financials with some interesting statistics and figures coming out of them. First up is luxury shoe maker Jimmy Choo who have reported like-for-like sales rose 3.3 percent in the first half of the year, against what it called a challenging and uncertain backdrop.
We have been reporting recently about the devaluation of the yuan that is crippling the luxury industry. Now, the Swiss watchmakers are facing turbulent times in one of their top markets, as the already shrinking luxury sales in China are compounded by the recent devaluation of the yuan. It has been reported that the
New Zealand has officially become a hot spot for luxury houses. As China cools its luxury heels, New Zealand has piqued the interest of a number of the globe’s luxury houses. Luxury American jeweller Tiffany & Co has announced that they will open a boutique in Auckland in late 2016. Diamonds.net reports that the