Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods.
Chinese tourists have been ditching group tours at a rapid pace, and custom-tour operators are reaping the benefits of this booming tourism industry segment.
3. Can the Birkin Bag Survive the Resale Market?
Read this on The New York Times.
Seismic changes in advanced technology over the past few years have disrupted traditional consumer shopping patterns, creating an increasingly complex retail landscape and, with it, a shift toward luxury e-commerce.
Read this on Business Insider.