"While new openings declined last year this was largely at the expense of smaller independent brands as the top three luxury houses, LVMH, Kering, Richemont all increased new store openings globally in 2018"
"The retrenchment to core destination cities seen last year will continue in 2019. Smaller, emerging and underserved destination cities will prove attractive as and when specific opportunities arise"
"The retrenchment to core destination cities seen last year will continue in 2019"
"Investment activity across the big luxury houses has intensified over the last three years. Across the top 10, funding volumes (based on known values) reached $8.3bn, 10 times that seen in 2016"
"Much of the growth in luxury spend in 2018 was driven by millennials and their younger counterparts Gen Z"
"Of the 26 global luxury locations tracked by Savills over a third reported year-on-year growth in 2018 with 50% maintaining headline rents."
"Luxury spending globally increased 6% in 2018 according to Bain & Company, with Europe accounting for a third of sales, with forecasts pointing to further growth of between 3–5% per annum to 2025"
"Rising on a global stage, tech centres such as Bengaluru, Chengdu and Buenos Aires are magnets for talent in their regions, supported by lower-cost real estate"
"Expansion and infrastructure are key to the city’s future growth"
"Moving up the ranking of top-tier world cities, Paris looks increasingly attractive thanks to tax reforms"