Economists have speculated that was the worst performing year for residential property since at least The socio-political landscape and economic climate have also done little to alleviate the pressure.
News Luxury brands turn to Africa as the next growth frontier - Deloitte Sub-Saharan Africa has been identified as a promising market for luxury goods as urbanisation, economic development and increased affluence among the expanding middle class drive growth across the sector. Despite a slowdown in the global economy, the appetite for luxury goods and products — which include designer apparel, handbags and accessories, fine jewellery and watches, and cosmetics and fragrances, remains strong globally.
Luxury Brands is a bespoke brand-building, marketing and communications agency with over 20 years of successful local and international marketing experience. Ranking the world’s most valuable brands. Best Global Brands Rankings. The survey was conducted by New World Wealth, with the sample comprising wealthy individuals from South Africa, Kenya, Nigeria, Ghana, Zambia, Angola and Mozambique. Criteria for rating the brands included exclusivity, quality and reputation. Semi-luxury brands – such Lacoste, Mercedes and Jaguar – were excluded from the study.
The emerging markets of Asia Pacific, Latin America, the Middle East and Africa accounted for a combined 19 percent of the global luxury goods market in — a figure projected to grow to 25 percent in Sub-Saharan Africa is second only to Asia Pacific in terms of the size of growth of consumer markets.
South Africa remains a prime shopping destination in Africa. An indicator of this is the automotive market in South Africa, which has witnessed notable growth for Porsche and Maserati purchases. The report notes that although significant risk remains in emerging markets, and growth is from a low base, the appetite for luxury goods in these markets is increasing.
According to Euromonitor, Nigeria is now one of the fastest growing markets for French champagne and digital televisions. Luxury brands are bolstering their presence in several African countries to meet the needs of these shoppers.
High-end brands such as Zegna and Hugo are opening shop in several countries across the continent to meet the demand for luxury goods. The expanding middle classes in emerging markets has a benefit for the U.
The worlds major luxury auto brands have all introduced SUVs. Even supercar-maker Lamborghini has joined the party. Ferrari is the odd man out, but it had announced plans to develop its own. The future of luxury goods looks bleak in South Africa. With no known brand launch planned over the forecast period, a declining economy, and an outflow of high net worth individuals, luxury goods will face some challenges in driving volume growth. Files are delivered directly into your account within a few minutes of purchase. Luxury brands are up against tough growth challenges. In the previous decade, their growth was all about consumer spending and new store openings in emerging markets—notably in China.
For such tourists, developed markets offer superior product selection and availability, and advantageous prices. The report notes that based on data collected on all tax free shopping in the U. The Q-ratio also helps to infer whether companies are strong in areas such as brand, differentiation and innovation.South Africa's Largest Source for Pre-Owned Designer Luxury.
Buy, Sell and Consign Used Designer Handbags, Shoes and Accessories Online with Luxity. Luxuria Lifestyle magazine provides an all-encompassing guide to the affluent lifestyle, including informative and interesting articles on the world's most luxurious products and services, together with industry news, reviews, features and exclusive business to consumer events for connoisseurs of luxury, corporate businesses and wealthy .
Luxury Brands is a bespoke brand-building, marketing and communications agency with over 20 years of successful local and international marketing experience.
The company has been instrumental in launching and positioning some of the most successful luxury brands and businesses in South Africa, as well as facilitating innovative brand-to-brand .
Luxury brands are up against tough growth challenges. In the previous decade, their growth was all about consumer spending and new store openings in emerging markets—notably in China.
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Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in South Africa. Includes comprehensive data .