Category: Business
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Why money more than talent is now key to fashion education
Cuts to funds mean only rich students can afford courses, so stifling creativity, says British Fashion Council
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Luxury skincare RéVive and Laura Mercier enter Shiseido portfolio
Shiseido Americas announced agreement to acquire Gurwitch Products, a marketer of global prestige cosmetics and skincare brands. Annual net sales for Gurwitch totaled $175 million in the fiscal year ending 2015. Under the terms of the agreement, Shiseido Americas will acquire 100% of the membership interests in Gurwitch, including Gurwitch’s portfolio of leading prestige brands:…
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Bulgari Hotels and Resorts to open in Moscow
Bulgari Hotels and Resorts to bring the luxury hospitality brand to Moscow. There will be magnificent views of the Moscow rooftops and of the Kremlin. Jean-Christophe Babin, Chief Executive Officer of Bulgari Group and Russian investor Alexey Bogachev signed an agreement to open a Bulgari Moscow hotel in 2019. The new property will stand as…
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Biodynamic winemaking: Château de Pommard restores Clos Marey-Monge Designation
Château de Pommard Restores Clos Marey-Monge Designation. French Château de Pommard has existed for 300 years, thanks to the Micault family, one of the oldest in Pommard, the comune in the Côte-d’Or department of Burgundy in eastern France, famous for its Côte de Beaune wine production. As a counsellor of King Louis XV, Vivant Micault…
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Giorgio Armani revenues hit by China slowdown
Italian fashion house is latest luxury brand to suffer from economic slump in emerging markets and tourists’ terrorism fears
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Nominations close for the Luxury Lifestyle Awards Middle East and Africa 2016
The prestigious event in the luxury segment has closed the nominations and started the countdown to the Gala Ceremony. Luxury Lifestyle Awards, an international award granted to the best companies and brands in the luxury segment, has officially closed its nominations after welcoming more than 357 entries from prominent luxury brands across the Middle East…