Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Christian Louboutin faces setback in fight to trademark red sole

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ECJ advocate general says combination of colour and shape may be refused trademark protection

Bucherer, the leading European retailer for fine watches, acquired the largest U.S. based luxury watch retailer

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Bucherer, the leading European retailer for fine watches and jewelry, announced that it has acquired Tourneau, the largest U.S. based luxury watch retailer from an investor group led by Green Equity Investors IV, L.P. an affiliate of Leonard Green & Partners, L.P. Established in 1900 and based in New York, NY, Tourneau is the largest … Read more

Virgin Hotels Announces First European Property

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The luxury lifestyle hotel brand by Virgin Group founder Sir Richard Branson, has announced plans to open in Edinburgh, Scotland.     Expected to open in 2020, Virgin Hotels’ first European property is expected to be joined by more UK and European luxury projects in the coming years. The property will offer a mix of … Read more

Victoria Beckham brand to enhance both its digital and physical retail presence

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Victoria Beckham Limited strengthens its position with £30 million investment from NEO Investment Partners. Victoria Beckham Limited, the global luxury fashion brand, announces that NEO Investment Partners, a private investment firm specialising in luxury brands, has invested to acquire new shares in VBL.   This partnership will enable the Victoria Beckham brand to enhance both … Read more

Global smartphone market drops 9% in biggest ever fall

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Demand for new phones appears to be waning with collapse in China market and Apple shipping 5m fewer devices

Hotel Ritz, Madrid closed for a €99 million historic restoration

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Over the years, Hotel Ritz, Madrid, now part of the Mandarin Oriental portfolio, has hosted royalty, politicians, corporate leaders and celebrities and is an integral part of society in Spain’s capital. It is situated within the ‘Golden Triangle of Art’, an area defined by the most important museums in the city – the Prado, the … Read more