People who are extraverted and on low incomes buy more luxury goods than their introverted peers to compensate for the experience of low financial status, finds new UCL research.
The founder of Alibaba Group defended its stance against counterfeit goods and expressed regret Tuesday that the owner of luxury brands Gucci and Yves Saint Laurent has sued the e-commerce giant.
Barely a few months after dismissing Apple's smartwatch, the new chief executive of luxury Swiss watchmaker Tag Heuer conceded Tuesday that such a hi-tech gadget might after all have a place in his firm's line-up.
It means more to people to own a luxury product or brand than to have the privilege of simply using one. Just using an affordable luxury item you don't own can, in fact, dampen the feel good factor that normally surrounds ...
Illegal poaching, fuelled by the demand for alternative 'medicines' and luxury goods in Asian markets, continues unabated. In response unprecedented levels of funding are being invested in enforcement, while events such as ...
US delivery giant FedEx said Wednesday it expects its busiest day in company history with some 22 million shipments around the world on "Cyber Monday" which falls December 2.
Fashion and technology may not be so different after all, if one looks at the hiring strategy from iPhone maker Apple.
The iPhone's magic as China's must-have smartphone is eroding. Last year, eager buyers in Beijing waited overnight in freezing weather to buy the iPhone 4S. Pressure to get it—and the profit to be made by reselling scarce ...
Swiss watchmakers are warily eyeing Apple's reported progress towards creating a "smartwatch", but say they are not too worried about the tech goliath's likely incursion into their traditional turf.
The government of the Pacific paradise of New Caledonia said Wednesday it had decided to ban fishing of sharks, which are being decimated to feed growing demand for luxury goods.