Category: Business
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The Hawaii of China opens a new luxury resort
China’s southernmost province widely known as “the Hawaii of China” has a new luxury hotel. Designed by the award-winning Belgian architect Jean-Michel Gathy, the new Park Hyatt Sanya Sunny Bay Resort manages to combine the luxury of privacy and exclusivity with accessibility. The modernist development comprises six standalone, arch-shaped buildings designed to allow chi, the traditional…
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The Ritz-Carlton returns the idyllic Bali with a luxury cliff top resort
Elegant as it is rustic: The Ritz-Carlton, Bali in Sawangan, Nusa Dua. The opening of the Ritz-Carlton, Bali in Sawangan, Nusa Dua, is marking the brand’s grand return to the idyllic island as a luxurious and locally- inspired resort. The luxury cliff top resort is set on 12.7 hectares of beach-front and cliff-top land. With…
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Is the crisis in the Chinese luxury market temporary? It is time for us to think of the Chinese market sociologically
Since 2012, Western luxury houses have been going through a slumping phase in their most profitable market China. Gucci has closed stores in second-layer cities across China, Prada has experienced its gloomiest sales in a decade and Swiss watches are struck with the lowest increase in recent years.Moreover, Bain & Company has demonstrated in its newly…
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Fashion archive: Tie manufacturers tell fashion writers to get knotted
4 February 1975: The body that represents tie makers claims the wearing of ties is not dying out, and their survey reveals that neckties give men ‘sexual mystique’
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How Monet became blue chip: the language of wealthy art buyers
Painting of the Grand Canal expected to fetch up to £30m, amid surging interest from super-rich in Asia and Middle East
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Sales of printed books fall by more than £150m in five years
New figures from Nielsen BookScan show continuing decline since 2009 as more and more readers migrate to ebooks