It’s that time of the year, where luxury houses are working on strategies to bolster sales at Christmas and to improve their bottom line. As they prepare for the new year, luxury houses will no doubt reflect on what has been a difficult 2015. For Hermès, this wasn’t necessarily the case as they release
Luxury houses are expecting sales to be rough in the second half of this year, with strong hopes that Christmas will bolster whimpering sales. Richemont, the world’s second-largest luxury group notched a 1 per cent decline in sales in October at actual currency rates — and a 6 per cent drop at constant ones.
The mystery surrounding the identity of a Hong Kong-based diamond buyer who now owns three of the world’s most expensive gems has been revealed: billionaire fugitive Joseph Lau Luen-hung has confirmed to the South China Morning Post that he was the buyer of the diamonds, and that he had renamed them after his seven-year-old daughter Josephine. The South