Business

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

Guardianship of La Margna St. Morritz passed to Grace Hotels

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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

The Jeweller of Light opens first store in Canada

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  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

Jeremy Scott breathes new life into Moschino

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  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

Robert De Niro – restaurant investor in Shanghai

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Famed actor Robert De Niro and his partners plan to develop a 850,000-square-foot property project on Shanghai’s mean streets. The complex will include a five-star boutique hotel, fine dining by internationally recognized restaurateurs and major retail and cultural institutions in the historic Bund district. The major hospitality, dining and cultural destination – called Project 179 … Read more