Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
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
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
Grace Hotels capitalizes on St. Morritz. The hospitality group bought one of the landmark hotel buildings in St. Moritz. Grace Hotels, the privately owned luxury hotel group, has acquired the historic La Margna hotel in the heart of St. Moritz, Switzerland. During 2014 the company will undertake an extensive programme of renovation and transformation … Read more
De Beers, The Jeweller of Light, announced the opening of its first store in Canada, in the city of Vancouver. The 1636 square foot De Beers store is located on Alberni Street – the premier shopping location for luxury brands in the city. The store features De Beers’ unique store design concept of glass … Read more
Moschino fashion house announced that 39-year-old L.A. based designer Jeremy SCOTT has been appointed Creative Director of the brand. Scott will debut with the fall/winter 2014-2015 collection during the Milan fashion week in February 2014. Scott will also continue to design for his namesake label shown at New York Fashion Week. “This appointment respects the … Read more