Business

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

Luxury Market in Brazil – The Brands Speaking Portugese

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In the everybody is talking about the growth of the BRICs , the group that consists four countries: Brazil , Russia , India and China who have undergone a great development in the last twelve years. China emerged immediately by its disproportionate amount of people who are potential customers (and real) luxury goods. Brazil, has a … Read more

Decléor and Carita to be bought from Shiseido

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L’Oréal cosmetic giant has extended an offer to the Japanese luxury beauty group Shiseido for the acquisition of Decléor and Carita brands, number two on the worldwide professional skin care market in beauty institutes, spas and hair salons. Based on this offer, Shiseido has granted L’Oréal exclusive negotiation rights. Decléor / Carita achieved a turnover … Read more

Moët Hennessy to change drinking trends in India.

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Moët Hennessy launches its first Chandon wine made in India. Chandon Nashik to bring Indian wine culture to new heights   Moët Hennessy has traditionally been a pioneer in developing sparkling wines in new locations around the world and India is the latest example. Moët Hennessy India, part of the French luxury chain LVMH, officially released the … Read more

First Galeries Lafayette store in Beijing after 15-year hiatus

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France’s luxury department store Galeries Lafayette returned to China after 15-year absence. Galeries Lafayette launched a new six-storey shop in Beijing targeting China’s growing middle class. The luxury department store has invested 42 million euros in the new joint venture with Hong Kong fashion distributor IT, and they are aiming to open around 15 outlets … Read more

LVMH remains confident for 2013

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LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €20.7 billion for the first nine months of 2013, an increase of 4% over the comparable period in 2012. Organic revenue grew by 8%. Despite the uncertain economic environment in Europe, LVMH remains confident for 2013. The luxury group also recorded … Read more