Business

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

Bond Street: status of UK’s most exclusive shopping street under threat

by

Soaring rents and rates are pushing retailers including Dolce & Gabbana, Hugo Boss and DKNY to think about moving out

George Clooney sells his tequila company for up to $1bn

by

Casamigos, which star founded with Rande Gerber and Mike Meldman, bought by Smirnoff and Johnnie Walker owner Diageo

Vertu x TCL Communication announce investments into the luxury smartphone business

by

Vertu, the world’s leading manufacturer of luxury mobile phones, was purchased by entrepreneur Hakan Uzan in mid-March of 2017. The first big investment is coming with a major agreement with TCL Communication. This agreement, worth $40 million, will enable Vertu to use advanced and innovative technology from TCL Communication for 30,000 handcrafted Vertu high-end phones, … Read more

Jaguar Land Rover to recruit 5,000 staff after record year of sales

by

British carmaker, bolstered by demand in China and North America, is working with Gorillaz to recruit engineers via the virtual band’s app

Shangri-La sets a new benchmark for five-star luxury in Melbourne

by

Shangri-La luxury hospitality chain will be an iconic part of Melbourne’s skyline for decades to come. When it is completed in 2022, the newly announced five-star Shangri-La Hotel, Melbourne will feature an estimated 500 guest rooms with three levels of amenities for guests to enjoy, including a sky lobby, restaurants, spa, fitness centre, pool and … Read more

Luxury cat hotels and ‘fur-jazzles’: pet care goes upmarket

by

We’re spending more than ever on our four-legged friends, leading to a rise in businesses offering everything from massages to storybooks for pets