Alwaleed bin Talal: meet the Saudi prince giving away all his money
The high-flying royal, who sued Forbes for ‘underestimating’ his fortune just years before handing it all to charity, seems to defy the cliches of a Saudi magnate
Business
Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH’s La Samaritaine Paris to resume ambitious restoration project
The French officials definitively approved the building permit for the renovation of famous Parisian La Samaritaine building located on rue de Rivoli. La Samaritaine, a much-loved iconic edifice situated in the heart of Paris, was created in 1870. La Samaritaine was bought in 2001 by LVMH, the luxury-goods company that had just previously purchased Le … Read more
Multifaceted investment opportunities: 2015 Investing Trends
Opportunities for wealth creation: First-hand investment perspectives. Big fans of properties and luxury goods, the extra 5,200 ultra high-net-worth individuals (UHNWIs) gained last year on an international scale, translates into plans to buy more high-end items and uber-investments. Political and economic fluctuations, growing wealth in emerging markets and the sophistication of clients intervene in the … Read more
“Several key aspects of the luxury sector will be unrecognizable in the next few years”
Global luxury brands should take advantage of evolving technological and consumer demands to help boost profits and remain competitive, according to the 2nd annual Global Powers of Luxury Goods report issued by Deloitte Touche Tohmatsu Limited (DTTL). The report provides an outlook on the global economy; an analysis of merger and acquisition activity in the … Read more
The Caribbean luxury real estate market – an investment opportunity for UHNW, says report
Focus on the Caribbean. The Caribbean is an exciting and dynamic region that provides an attractive investment opportunity for UHNW individuals. The Caribbean ultra high net worth (UHNW) population increased by 2.1% last year on the strength of a resurgent regional economy and attractive luxury real estate property markets, which saw sales rising by over 11% globally, … Read more
Grand designs: Burberry chief could receive £50m in share handouts
Fashion group’s outlay on designer Christopher Bailey unlikely to appease majority of shareholders who voted against his pay deal at 2014 AGM