Category: Business
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Jay Z is the official owner of Armand de Brignac (“Ace of Spades”) Champagne brand
Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, has sold its interest in the Armand de Brignac (“Ace of Spades”) Champagne brand to a new company led by the globally-renowned Shawn “Jay Z” Carter. Jay-Z has been associated with Armand de Brignac since since 2006. The brand first gained…
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Ultraluxury Editions de Parfums Frédéric Malle acquired by Estée Lauder
The Estée Lauder Companies to Acquire Editions de Parfums Frédéric Malle. Editions de Parfums Frédéric Malle, the storied fragrance brand established by the iconic perfumer Frédéric Malle, will enter The Estée Lauder Companies’ portfolio. While the acquisition is expected to close in January 2015, the terms of the deal were not disclosed. Editions de Parfums…
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Slower, but steady: that is the ‘new normal’ for the global luxury market in 2014. Study.
The 13th edition of the “Luxury Goods Worldwide Market Monitor” Not only will ‘Luxury 2025’ consumers be at the center of the customer experience; they will be the center of luxury itself – a critical part of the ideation, creation, and sales of luxury, says Bain & Company 2014 annual global luxury study. According to…
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Why fashion loves to revive heritage brands
The trademarks for Poiret fashion house are up for auction this month, which suggests the heritage brand might see a revival. From Carven to Schiaparelli, Lauren Cochrane reports on why labels love to relaunch
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Four Seasons Hotel Bahrain Bay rises from its own private island offering one of the largest spas in the world
Four Seasons Hotel Bahrain Bay opens on its own man-made island in the Kingdom of Bahrain. In addition to the international business that brings thousands to the Kingdom of Bahrain each week, another reason to book a trip to Bahrain is currently emerging at the centre of the capital city of Manama: the all-new Four…
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Trump Hotel to develop a Baku hotel neighboring the Zaha Hadid-designed center
From 2015, Heydar Aliyev Center, the Zaha Hadid-designed cultural institution in Baku (Azerbaijan), will have a new luxurious neighbor – Trump International Hotel & Tower Baku. “When we open in 2015, visitors and residents will experience a luxurious property unlike anything else in Baku — it will be among the finest in the world,” said…