Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Nicolas Ghesquière has taken the top role at Louis Vuitton

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French designer Nicolas Ghesquière was named artistic director of Louis Vuitton fashion house. Ghesquière will bring his architectural silhouettes to the luxury house one month after designer Marc Jacobs announced his departure. The 42-year-old designer Nicolas Ghesquière takes the top role at Louis Vuitton after being credited with the rebuilding the Balenciaga brand as a … Read more

Overseas shoppers: who spends what in the UK

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Simplification of visitor paperwork could boost UK revenues generated by Chinese shoppers by an estimated £1.2bn – but who spends the most?

Norway world’s most prosperous country for the fifth year in a row

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Norway has kept its 1st place on the overall Prosperity Index from 2009 to 2013. A unique insight into how prosperity is forming and changing across the world.   Norway has been ranked the world’s most prosperous country for the fifth year in a row by the Legatum Prosperity Index, followed by Switzerland, and Canada. The … Read more

Americas region is the king of the luxury goods spending hill

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    Reversing the trend of recent years, the Americas region is the king of the luxury goods spending hill, estimated to grow at four percent in 2013 versus 2012, surpassing the estimated 2.5 percent growth rate for China, as luxury spending in that country moderates, according to the 12th Edition of Bain’s Luxury Goods … Read more

Prada to develop fragrances under the Miu Miu name

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Coty to build a worldwide fragrance business for Miu Miu   Miu Miu‘s first entree into the world of prestige fragrances was announced by Coty and Prada Group. The two companies signed an exclusive partnership to create, develop and distribute a signature line of fragrances under the Miu Miu name. Created in 1993, Miu Miu – … Read more