Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The world’s biggest luxury goods group steps up the digital side of its business. 24 Sevres, LVMH’s multibrand website and mobile app, will go live on June 6 in more than 70 countries. Parisian department store Le Bon Marche is the inspiration behind LVMH’s new venture into luxury e-commerce. The multi-brand e-commerce website named … Read more
DAMAC Maison Bay’s Edge and DAMAC Maison Royale The Distinction to Open Next Month in Dubai. Dubai’s competitive environment has forced hoteliers to become more creative in their offerings to attract visitors and residents alike. According to luxury real estate developer Damac Properties, Dubai has recently reached the 100,000-room mark and has been ranked ninth … Read more
For the first time ever, Cartier launched exclusive pop-up-shop on Net-a-Porter luxury e-commerce platform. This is the first time Cartier has ever partnered with an online retailer. In a total premiere, French Jewelry Maison Cartier turns to Net-A-Porter for its latest watch launch. Cartier signed an online deal with the luxury e-commerce platform to sell … Read more
Breitling, the family-owned manufacturer of Swiss luxury watches and an internationally renowned high-end brand was acquired by CVC Capital Partners. CVC announced that CVC Fund VI has agreed to acquire an 80% stake in Breitling. The financial terms of the transaction were not disclosed. As part of the transaction, Breitling CEO & Director Théodore Schneider, … Read more
St. Regis Expands Presence In Mexico With Signing Of 120-Room St. Regis Los Cabos A national and international tourism destination, Los Cabos is known for its exquisite gastronomy, beautiful scenery, and white-sand beaches. Thanks to an increase in affluent national and international travelers, Los Cabos’ profile and luxury landscape has grown rapidly in the past … Read more
The rich used to show how much they could spend on things they didn’t need. Today, a public display of productivity is the new symbol of class power