Booming luxury markets helped Hermes to report record profits

Hermes luxury handbags and silk scarves were sold in 2011 like hotcakes. Hermes reported a record year in 2011 with a 40.9-percent rise in net profit which helped push up its shares 3.01 percent in early trading, informs AFP. Hermes reported record sales, and a net result of 594.3 million euros ($787 million). The luxury … Read more

46th Annual Vinitaly – 3,500 sommeliers and 4,200 exhibitors

46th Annual Vinitaly: The wine-growing sector is still driving the Italian agro-foods field 46th Annual Vinitaly Fair, Italy’s answer to France’s Vinexpo takes place March 25-28 in Verona. Vinitaly is an event devoted to international wines and spirits, winemaking and wine business. Last year’s event attracted more than 4,000 exhibitors, and 156,000 visitors from 100 … Read more

Audemars Piguet Royal Oak 40th anniversary worldwide exhibition

Audemars Piguet – Royal Oak 40 years exhibition. From Avant-Garde to Icon To celebrate the 40th anniversary of Audemars Piguet’s iconic timepiece Royal Oak, the world’s first ever luxury sports timepiece, the Swiss Manufacture from Le Brassus in the Vallée de Joux has put together an ephemeral New York exhibition that explores the journey through … Read more

La Bullipedia: chef Ferran Adria to launch Culinary Wikipedia

Spanish chef Ferran Adrià plans to launch a virtual encyclopedia about food, akin to Wikipedia At a gastronomy event in Mexico, Spanish Chef Ferran Adria released more details on life after El Bulli. The famous chef will launch an online encyclopedia devoted to food, gastronomy and modern cooking, a culinary version of Wikipedia christened La … Read more

First 5* luxury London hotel to adopt Digital Sommelier

First Digital Sommelier at Hotel Baglioni London Baglioni Hotel London has become the first 5* luxury London hotel to adopt a digital sommelier. The hotel’s Brunello Restaurant has around 500 wine labels including a precious vertical collection of Sassiciaia wines.  These will now be displayed on iPads for diners to choose from, turning their existing … Read more

US millionaire households rose by 200,000 to 8.2 million

America’s Millionaire Population Grows by 200,000 The number of millionaire households in the U.S. has increased for the third consecutive year, but remains below the pre-recession high of 9.2 million in 2007, according to the 2012 Affluent Market Insights released by Millionaire Corner. US millionaire population rose by 200,000 to 8.2 million in 2011, up significantly from … Read more