Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The world’s largest fleet of Rolls-Royce Phantoms added to Macau’s many distinctions. The largest Rolls-Royce Phantom hotel fleet in the world can be found in Macau. Luxury entrepreneur Stephen Hung has purchased the largest Rolls-Royce Phantom fleet in the world, placing an order for 30 Bespoke Extended Wheelbase Phantoms for his Louis XIII hotel … Read more
Global Diamond Demand Reaches Record Levels. Global demand for diamond jewellery reached a record high of US$79 billion in 2013 according to the inaugural Diamond Insight Report, published this week by The De Beers Group of Companies. Demand is expected to continue to grow over the long-term, driven by the ongoing economic recovery in the … Read more
LVMH and Hermès mend relations. After nearly four years of courtroom battles, two of the world’s biggest luxury houses signed a peace accord. The President of the Commercial Court of Paris proposed to LVMH and Hermès a conciliation in order to bring to an end the disputes between the two luxury groups and restore a … Read more
LVMH and Google join forces to fight fakes and commit to innovate for a more engaging Internet. In a joint effort to develop new ways of engaging consumers online, LVMH luxury group and Internet search engine Google have agreed to work together to fight the sale of counterfeit luxury goods online. This agreement ends 10 … Read more
Switzerland leads the top 10 most competitive economies for the sixth consecutive year. Switzerland is followed by Singapore, United States, Finland and Germany, according to The Global Competitiveness Report 2014 – 2015, released by the world economic forum. The health of the global economy is at risk, despite years of bold monetary policy, as … Read more
UK continues as largest international market for Fairtrade products with total reaching £1.8bn