Sunday 26 October 2014
 
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Luxury goods

Prada to open fewer stores as profit falls

Italian luxury goods group Prada said it will be opening fewer stores than previously planned this year after reporting a 21 per cent fall in its first-half net profit. The company said it did not see significant improvements in t

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Luxury goods market riding high on ME wave

The luxury goods sector remains resilient despite the economic challenges, thanks to the support from the Middle East and Africa region along with Asia Pacific and Latin America which will account for 25 per cent of the market by 2025.

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ME luxury goods market registers solid growth

The luxury goods market in the Middle East region continues to surge at a rapid pace with a 5 to 8 per cent year-on-year growth mainly driven by tourism boom despite regional worries, said a report. The region maintains a positive

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ME luxury market ‘growing at steady pace’

Luxury goods market in the Middle East is growing at a steady pace, with Dubai accounting for about 30 per cent of the market, said a study. The ‘Luxury Goods Worldwide Market study’ conducted by Bain and Company, an a

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DDF sales jump 12pc in Q1

Dubai Duty Free (DDF) has recorded Dh1.6 billion ($438 million) sales for the first quarter, up 12 per cent over the same period last year thus signaling an excellent prospect for the retailer’s 30th year of business. With t

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Mideast luxury goods market grows 15pc

The Middle East luxury goods market has achieved a growth of 10 to 15 per cent this year as compared to 2011, establishing the region as the 10th largest luxury goods market in the world; according to a recent study by Bain & Company.

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ME luxury market ‘to grow 15pc in 2013’

Middle East luxury market will grow by 15 per cent in 2013, against the six to seven per cent growth predicated for the global market, according to a new report from Bain, a major management consulting firm. The inaugural World Lu

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Major duty free expo opens in Dubai

Middle East Exclusive (MEE) 2012, the region’s largest retail, duty free and luxury goods exhibition, is set to open today at the Dubai World Trade Centre. MEE 2012, which will conclude on November 27, is organised by the Mi

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Dubai to host newly revamped duty free fair

Dubai will be organising the newly revamped Middle East Exclusive (MEE) 2012 – The World Travel Retail, Duty Free & Luxury Goods Exhibition, during the ‘Duty Free Week’ from November 25 to 27 at the Dubai World Trade Centre

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Qataris, Bahrainis 'biggest spenders on luxury goods'

Qataris are the biggest buyers of luxury goods in the Middle East region, closely followed by consumers in Bahrain, according to the American Express Middle East Luxury Spending Tracker. Luxury goods buyers in Qatar spend up to $5,000 a

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