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HONG KONG HOSTS FIRST EVER LEADERS OF LUXURY SUMMIT
HONG KONG HOSTS FIRST EVER LEADERS OF LUXURY SUMMIT - Global Luxury CEOs Underscore City's Status as Premium Hub for Luxury Business Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together luxury industry titans to discuss pivotal topics that "Redefine Luxury Through a Global Lens" at Regent Hong Kong on November 26-28, 2024. According to the latest "2024 Billionaire Census" report f…
IS LUXURY MARKET STRUGGLING AMID A GLOBAL PANDEMIC?
As APAC luxury markets sink by US$2.1bn, brands turn to affordable luxury, says GlobalData Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this backdrop, brands are turning to affordable luxury to stay afloat and survive in the market, says GlobalData, a leading data, and analytics company. Accor…
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