China’s top hotels shed stars to woo austerity-hit customers
More than 50 of country’s five-star establishments want to downgrade to attract officials forced to shun the high life
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 luxury group – 8 percent rise in like-for-like full-year sales
As consumer demand for logo-embossed luxury products has waned, LVMH declares it is is well-equipped to continue its growth momentum. After Tod’s disappointing figures released last week, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €29.1 billion in 2013, an increase of 4% over the previous year. The luxury … Read more
China becomes biggest market for red wine, with 1.8bn bottles sold in 2013
Boom attributed to new urban affluence – and to Chinese fondness for lucky colour
Real estate experts expect a further increase in sales of London properties in 2014
London seen as a reserve currency for those who wish to protect their wealth. London didn’t make it onto the list of the world’s top 10 most desirable cities to live, however experts at Colordarcy.com believe there are 5 reasons why property investors from all over the world see it as one of the best … Read more
Sixteen global sustainability leaders seeking transformational change
It’s easy to beat ourselves up for not doing enough to speed up sustainability, but it’s important to celebrate courage and commitment
There is no New Luxury Label without New Luxury Media. Luxury advertising package for business startups
Advertising package for small luxury/high-end brands, creative innovators and artisans. There is no NEW Luxury Label without New Luxury Media. The new media is so important that a high-end brand cannot survive without it. The luxury communication is representing a great amount of the product value. With the knowledge of the luxury industry and daily … Read more