Business

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

Jaguar Land Rover posts record sales thanks to demand in China and US

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UK’s biggest car manufacturer sold 604,009 vehicles in 12 months to end of March, the most in its 95-year history

2017 is the year of Baijiu Brands

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Every year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. The world’s 50 most valuable spirits brands are included in the Brand Finance Spirits 50 and the top 25 beer brands in the Brand Finance Beers 25. 2017 is the year of Baijiu brands. For the … Read more

Belmond acquires a 96-key luxury resort on the Caribbean island of Anguilla, British West Indies

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Belmond acquires Caribbean Luxury Resort Cap Juluca in Anguilla, a British overseas territory in the Caribbean. Belmond will rebrand the resort as Belmond Cap Juluca. Belmond, the global portfolio of luxury travel experiences including hotels, trains, cruises and safaris in some of the world’s most inspiring and enriching destinations, acquired Cap Juluca in Anguilla, a … Read more

Jean-Michel Basquiat breaks US art record with £85m sale

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Painting by Basquiat, who died aged 27, is most expensive at auction of any US artist, also breaking record for a black artist

First Park Hyatt hotel in Thailand opened its doors

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Park Hyatt Bangkok opened its doors A move announced in 2012, The Park Hyatt brand makes its entry into Bangkok, marking the first Park Hyatt hotel in Thailand. Centrally located in the heart of the Thai capital’s central business district, Park Hyatt Bangkok hotel sits on the top floors of the Central Embassy. As the … Read more