McKinsey take a look at Luxury in Japan and try to fashion some long-term industry trends.
The Gulf luxury retail market is set for a painful slowdown after years of impressive growth but it remains one of the industry’s few relatively bright spots.
Back in April I wrote in admiration about Sheik Majid’s exciting Villa Moda expansion plans while also worrying about possible over-stretched finances. Last month DIFC bought a massive 70% stake in Villa Moda, the company Al Sabbah founded.