Category: Business
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Zurich, Geneva, and Bern – the costliest European cities. Survey
Hong Kong has overtaken Angola’s capital to become the costliest city in the world for expats. Top 5 cities with the highest cost of living for expatriates. According to Mercer’s 2016 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, pushing Luanda, Angola to second position. Zurich and Singapore…
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Qatari investment fund took over French luxury fashion house Balmain
Valentino label’s owner, the Qatari investment firm Mayhoola for Investments purchased French fashion house Balmain without revealing how much it was paid for the new luxury acquisition. Financial medias revealed that the Qataris offered 485 million euros ($546 million) for Balmain. The offer was higher than the sale estimates of between 300 to 400 million…
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Mulberry bags larger profits after price cuts
Luxury handbag firm sees 8% rise in sales after wooing back customers, and plans to open more factories in UK
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Revlon to buy Elizabeth Arden for $870m
Elizabeth Arden is known for its luxury skincare products, especially anti-ageing ranges, while Revlon is stronger in hair colour
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Les Parfums Louis Vuitton. Louis Vuitton returns to fragrances after 70-year hiatus
Louis Vuitton’s first fragrance in seven decades to be unveiled by in-house Perfumer Jacques Cavallier. The luxury house Louis Vuitton is re-entering the fragrance market after a 70 years pause. Louis Vuitton debuts fragrance by perfumer Jacques Cavallier, one of the most talented Master Perfumer of his generation. Cavallier was hired a year ago opening…
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Altagamma’s “Emerging Brands Award – Believing in the Future”. Second Edition
“Emerging Brands Award – Believing in the Future” initiated by Fondazione Altagamma, the Italian luxury brand committee, is the first Italian mentorship program dedicated to the emerging luxury brands of the Cultural and Creative industries. The Award is aimed at all Italian high-end companies, on the luxury market for no more than 10 years, which…