After Barcelona and Valencia, both opened 2011, Chopard expanded in Spain with its third ...
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American hotel chain, Thompson Hotels, known for its contemporary luxury hotels in the US, ...
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Despite the negative impact of a strong Franc, Swiss watch exports reached a record 16 billion ...
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Talking to The Economic Times, Mr PRS Oberoi confirmed his company tapped renowned American ...
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World's leading luxury group, LVMH announced record results for 2011, with salea reaching ...
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Italian luxury house of Loro Piana, known for its iconic cashmere ready to wear and accessories ...
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Montenegro, a promissing luxury market
Opportunities 28 May 2009
Although small in size, Montenegro boasts the third largest segment of wealthy luxury consumers in the Balkans after Serbia and Bulgaria. With a higher affinity for luxury brands than Serbians and Bulgarians, Montenegrans are spending large amounts of cash on top watches and jewelry brands, among the top selling being Chopard, Bvlgari, Cartier and Audemars Piguet. As for the luxury fashion brands, due to la low penetration, locals buy mostly in Milan, brands such as GUCCI and LOUIS VUITTON topping their preference list. The number of luxury cars per capita in Podgorica (capital city) is higher than all other Eastern European cities.