Asia has surpassed the US to become the world’s biggest retailing market, offering $3.8 trillion in sales in 2011, or 41% of the global pie, fueled by the growths of mid range retailers, sources reported.
Leather chemicals provider Stahl has announced that an event will be held on June 17 and 18 at Paris to introduce newest technologies to luxury leathergoods-focused tanneries, sources reported.
French luxury brand Dior Homme has launched its first runway show, which was a reprisal of the brand's recent Paris event, in late April at the Museum of the Central Academy of Fine Arts in Beijing.
L Capital, private equity fund backed by LVMH, has made its second investment in Australia after purchasing shares in bushwear firm R.M Williams to help the brand to further its global expansion in the luxury sector, sources reported.
Leather chemicals manufacturer Lanxess the X-Grade finishing agents that would help tanners in the current economic climate to supply luxury leathergoods manufacturers.
LVMH has posted a six per cent increase to €6.9 billion in revenue for the first quarter of 2013, with strong growth in Asia and the US contributing to the rise.
Christian Dior is seeing its haute couture business gaining momentum in China as young consumers are increasingly well-informed about fashion and trends, said Dior president and CEO Sidney Toledano.
Despite the economic slowdown, sales of luxury goods in South Korea enjoyed positive growth last year both in retail and volume terms, sources reported quoting latest figures from Euromonitor International.
