Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The Loro Piana family and LVMH, the luxury giant which has in its stable luxury house like Louis Vuitton, Kenzo, Givenchy, Donna Karan, Marc Jacobs and Berluti, confirmed that the acquisition of 80% Loro Piana by the LVMH Group has received all final authorisations from the competent regulatory bodies, including the relevant competition authorities. Antoine Arnault … Read more
Italian luxury label Giorgio Armani opened its store in Saint Petersburg, Russia – a place entirely dedicated to the signature women’s and men’s apparel and accessories prêt-à-porter collections. Located inside of the prestigious Nevsky 152 Mall, the new Giorgio Armani boutique covers over 260 square metres spread across two floors. The same location hosts … Read more
The second Cheval Blanc hotel owned by LVMH has opened its doors, but it is accessible only by private hydroplane. LVMH brought its ultra-refined, contemporary vision of the French art of hospitality on the shores of Maldives. After the snow slopes of Courchevel, the new Cheval Blanc Randheli has welcomed its first guests in the … Read more
91-year-old French fashion designer Pierre Cardin presented one-off runway show in Paris, his first high-fashion runway show since 1996. For Cardin the greatest luxury is freedom, so the location chosen by the fashion legend is the famed Maxim’s restaurant, an Art Nouveau space on the Rue Royale owned by the veteran designer. The off-calendar … Read more
David Yurman Announced Opening of Charlotte Boutique. David Yurman, America’s premier fine jewelry and timepiece designer, is pleased to announce the opening of its boutique at SouthPark Mall in Charlotte, North Carolina Conceptualized by the renowned architectural firm of Gabellini Sheppard Associates, the flowing 2,009 square-foot store features classically modern architecture. Every element of the … Read more
Russia has become a top performing growth travel market for many destinations and international outbound travel is forecast to grow by 7.5 per cent per year on average to 2017, according to a new survey released by online booking site Hotels.com, which published the Russian International Travel Monitor (RITM). Almost half (49 per cent) of … Read more