High living, low sales: Shard apartments still empty, five years on
Luxury flats with a price tag of up to £50m were touted as an easy sell – yet have failed to shift as the London market slows
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Electric car revolution: calculating the cost of green motoring
More battery-powered vehicles would mean cleaner air and quieter streets – but also a drain on the National Grid and less fuel duty to the Treasury
The first contemporary luxury brand from China sold to Italian entrepreneur Alessandro Bastagli
Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more
Handbags at dawn with Farfetch, the latest thing in upmarket online fashion
It has a Chinese deal, a Condé Nast tie-up and has lured the founder of its biggest rival – but can it really change the luxury market?
Former Paris stock exchange to be reborn as major new art museum
François Pinault, the billionaire luxury brand owner, will convert the 19th century Bourse de commerce into art museum with architect Tadao Ando
Net-a-Porter owner opens tech hub in London
New building in White City shows increased commitment to IT, and the UK, after merger with Italy’s Yoox