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China s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says.

Jing zhangKnight frankBlackpink lalisa manobalChristie asia pacificGen alphaFrancis belinChina merchant bankWealth reportChina private wealth reportChina merchantLalisa manobalHina ultra richWealth managementHong kongI wealth advisersAsia pacific

The Resilience Of Luxury Brands To Be Tested In 2024

Despite solid fundamentals, the luxury market faces growing headwinds closing out 2023 and into 2024, according to the latest Bain-Altagamma luxury market report.

New yorkUnited statesClaudia darpizioChandler mountLuca solcaNew york timesConsumer research companyWhile the luxury instituteClaudiad arpizioFederica levatoBaby boomerLuxury instituteAffluent consumer research companyGlobal luxury marketLuxury consumersLuxury spending

Widening rich-poor divide means target population for businesses is getting exclusive

Global luxury brands are targeting the richer among the rich in China

South koreaLouis vuittonJean marc duplaixDonatella versaceIdiana wangJacques roizenCyrille vigneronMario ortelliCapri holdingsDigital luxury groupDigital luxuryCartier owner richemontGucci parent keringCartier chief executive cyrillePurchasing powerCost of living crisis

Inflation means even the affluent are spending less

UK s Burberry sees store sales growth dipping to just 1pc in second quarter against 18pc in first

City ofUnited kingdomLouis vuittonJonathan akeroydYves saint laurentDaniel leeBottega venetaChief financial officer kate ferryExecutive jonathan akeroydLuxury brandsGlobal slowdownLuxury spendingHinese luxury consumersLuxury consumersLouis vuitton

Luxury Consumers Are Ready to Shop for the Holidays Amid Macroeconomic Uncertainty

Luxury Consumers Are Ready to Shop for the Holidays Amid Macroeconomic Uncertainty
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New yorkUnited statesMarc metrickDaniel kimConnor matzEmily essnerStephanie oliveiraSaks teamFoundation at saksHosta partyLuxury service offeringsSaks luxury pulseConsumers are shoppingBaby boomerSilent generationConsumers remain steady