Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
First Global Census Shows Record of 2,170 Billionaires Worldwide. The global billionaire population reached a record 2,170 individuals in 2013 and total billionaire wealth in Asia surged nearly 13 percent, making it the fastest-growing region, according to the inaugural Wealth-X and UBS Billionaire Census 2013. At current growth rates, the Wealth-X and UBS Billionaire … Read more
The Luxury Collection unveiled House of Waris RARE at The Gritti Palace, Venice – a collection of handcrafted treasures from around the world curated by a modern day Marco Polo, Waris Ahluwalia. The exclusive collection will be brought to life in the Explorer’s Library at The Gritti Palace, which reopened its legendary doors in … Read more
The most highly anticipated hotel in Central Asia sits atop the 37 storey Esentai Tower Almaty (Kazakhstan), the tallest buildings in Central Asia.The new 145-room luxury hotel opened by The Ritz-Carlton is company’s first hotel in Kazakhstan. With Club and Suite accommodations and more than 10,000 square feet of meeting facilities, it is part of … Read more
FT’s print sales are profitable for the first time
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
Simplification of visitor paperwork could boost UK revenues generated by Chinese shoppers by an estimated £1.2bn – but who spends the most?