Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
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 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
Beverly Hills: Breguet makes Rodeo Drive whirl. Luxury watch brand, Breguet, reopened its doors to the Beverly Hills boutique after a major renovation. Opened in 2006, Breguet Boutique Beverly Hills is located at the heart of Rodeo Drive and is the first store in the U.S. to be outfitted with the brand’s new … Read more
Around the world, the retail market rebounded in the first half of the year, with international and luxury brands expanding to new markets and high street properties growing in popularity, according to a new report from Colliers International. The 2013 Global Retail Highlights Report indicates increasing sales around the world, growing rents in highly coveted … Read more
Euromonitor International’s latest research on the global luxury goods market indicates another solid year’s performance for 2013. Driven mainly by strength in emerging economies, overall retail growth is set to be stronger than in 2012, with luxury goods sales to exceed US$318 billion worldwide. This will represent a year-on-year real value gain of over 3% … Read more