Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €16.7 billion in the first half of 2015, an increase of 19%. Organic revenue growth was 6% compared to the same period in 2014. The Group recorded strong growth in Europe and the United States, excellent performance at Parfums Christian Dior, … Read more
Little interest in showrooms as deep discounts fail to drive in customers
Globally, there are over 5,000 UHNW-founded private foundations, according to Wealth-X. Collectively, these foundations have total assets of US $560 billion – equivalent to 19.4% of combined net worth of the UHNW individuals who established them. In the past year, these foundations gave out a total of US $45 billion, equal to 8% of their … Read more
The 1960s chanteuse wants to ‘debaptise’ the Birkin Croco bag, while an increasing number of celebrities are trademarking their names, lest fashion houses beat them to it
The flashy buildings of Astana rise up implausibly from the flat plains of oil-rich Kazakhstan to form a city stuck between a Soviet past and an aspirational present
Teamwork makes the dream work. The are 24 hours in a day…but this means nothing if you don’t know how to use it. Each of these 10 couples form a successuful team and climb the mountains together looking in the same direction. Bill and Melinda Gates claimed the top spot on a Wealth-X list of … Read more