Monthly Archives: July 2013

World Luxury Association Under Fire In Fraud Scandal

Likely To Lose Official Credentials Ouyang Kun, founder of the World Luxury Association. The Beijing Administration for Industry and Commerce announced this week that it plans to revoke the license of the World Luxury Association (WLA) due to fake registration … Continue reading

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Americans Exit Harrods Top 10 as Chinese Flock to London Store

BY BLOOMBERG 25 JUNE, 2013 Source: Shutterstock LONDON, United Kingdom — The days of Americans being the biggest overseas shoppers at London’s Harrods store are over. While seven years ago U.S. visitors were the top foreign spenders at the purveyor of luxury fashions … Continue reading

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Chinese Banks Offer Big Perks to Woo China’s Rich

Banks have a history of giving gifts to their best customers. So what are banks in China offering some of the wealthiest people in the world? Everything from appointments to healthcare specialists to advice on thwarting gold diggers, and even … Continue reading

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Asia has more billionaires than any other continent, overtaking the U.S. for the first time

There were 1,453 people around the world with a personal wealth of $1 billion  or more as of January, said the Hurun Report, a luxury magazine publisher that  compiled the list. Asia had 608 billionaires, North America 440 and Europe  … Continue reading

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This Is The Year China Becomes The World’s Top E-Commerce Market (CHARTS)

With China’s e-commerce market set to be worth nearly $300 billion this year, 2013 will mark the watershed moment when China surpasses the US to become the world’s top e-shopping market. Looking at data from Forrester Research and iResearch for the two … Continue reading

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Founder Stories | Bec Astley Clarke on Building a Luxury Brand Online

In the latest instalment of Founder Stories, a series highlighting the personal and professional journeys of some of fashion’s most dynamic entrepreneurs, BoF speaks with Bec Astley Clarke, founder of luxury jeweller Astley Clarke. Bec Astley Clarke | Source: Courtesy photo … Continue reading

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