Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The typical ultra-wealthy philanthropist donates US$25 million over the course of his or her lifetime, is 64 years old, has an average net worth of US$240 million, and an average liquidity of US$46 million, according to the inaugural Wealth-X and Arton Capital Philanthropy Report 2014. These are some of the findings of the inaugural Report … Read more
Fashion should reflect real life. It needs to confront tricky issues, such as the return of the disgraced designer as creative director of Margiela, rather than looking away
Hilton’s Waldorf Astoria New York was famously called “The Greatest of the Them All” by Hilton Worldwide’s founder Conrad Hilton. It is an Art Deco architectural and hospitality masterpiece and has been an internationally recognized symbol of elegance and grace for more than a century. This week, the legendary luxury hotel was purchased for $1.95 … Read more
Luxury sales are expected to grow 19% to reach US$405 billion by 2019,according to Euromonitor International’s new global data on the luxury goods industry. “Luxury sales in China have increased by US$9.6 billion in the last five years and aside from the US, the top luxury market in the world with US$18.6 billion in sales, … Read more
Savile Row and Cork Street, a 4-acre part of the Pollen Estate, bought by Norges Bank Investment Management for £343m
World’s First and Largest Billion Dollar Yacht at v(728.4′) Much like the race to build the tallest buildings in the world, such as the Shanghai Tower at 632 meters (2073′), or the Burj Khalifa at 828 meters (2717′), super yachts will continue to expand their size depending on who needs to have the biggest and … Read more