Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Luxury Italian fashion group Roberto Cavalli, previously controlled by the Italian Private equity company, Clessidra, was bought by the Chairman of Dubai based DAMAC Properties, Hussain Sajwani, through his private investment company, Vision Investments. The acquisition of the luxury Florentine brand was completed on November 28th. The UAE-based investment company emerged as the … Read more
The global luxury market confirmed this year the moderate growth rate associated with the ‘new normal’ era, mainly driven by Asian buyers. “The luxury customer is present and increasingly active, dramatically rewriting the rulebook of the industry. Brands will need to pivot to a new model to respond to customers’ needs when it comes … Read more
Château d’Esclans Côtes-de-Provence: The World Leader in Luxury Rosé Wines Joins Moët Hennessy, French multinational luxury goods conglomerate headquartered in Paris (France). Sacha Lichine, President of Château d’Esclans, the leading Provence Rosé in the American wine market, is sealing a long-term alliance with Moët Hennessy. Lichine will continue to oversee the estate and manage … Read more
Fifth annual World’s Best Private Banks Awards for 2020 announced its winners. Global Finance Named The World’s Best Private Banks 2020. The winners are those banks that best serve the specialized needs of high-net-worth individuals as they seek to enhance, preserve and pass on their wealth. The winners are not always the biggest institutions, … Read more
Floating cities, wooden bikes, smart glasses: how did trend forecasters fare?
According to a recent study by PricewaterhouseCoopers and UBS, companies that are helmed by billionaires are almost twice as successful as those that aren’t. As a matter of fact, companies that were controlled by non-Billionaires had a 9.1% market return, versus 17.8% for those controlled by one. According to the same study, … Read more