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Events / Causes

Fiscal cliff legislation may reduce aspirational luxury spend

January 3, 2013

 

By Tricia Carr

True affluent consumers are not likely to alter their spending habits on high-end goods and services after the fiscal cliff decision, but aspirational buys in the beauty, fragrance and spirits categories could be cut due to the payroll tax increase, experts agree.

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  1. Luxury automakers reveal new concepts, activations at Art Basel Miami
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  3. CFDA bans fur from New York Fashion Week
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  5. Kering Foundation to examine violence against women, children via new research program
  6. Guerlain Spa to launch aboard Orient Express Sailing Yacht
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  8. A. Lange & Söhne opens doors to London flagship
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  10. RH opens Detroit showroom
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