Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The Italian luxury house Bottega Veneta opened its first Maison in the world, in the prestigious location of Via Sant’Andrea 15 in Milan. The 1000 square meters store it the largest Bottega Veneta boutique in the world so far and would offer unique and exclusive pieces unavailable elsewhere. “The store design and the approach to … Read more
What is affluence today? Money has a price, but time is priceless. The primary indicators of affluence are more subtle and harder for brands and individuals to detect, according to the newest global study from McCann Truth Central. “The Truth About Affluence” study is based on a quantitative 4,000-person online survey across 16 countries … Read more
London and Paris are Europe’s UHNW Cities. Nearly Half of Top 10 UHNW Cities Are in America. New York, Los Angeles and San Francisco are among the top 5 in Wealth-X‘s list of the world’s cities with the highest concentration of ultra high net worth (UHNW) individuals, defined as those with total net assets … Read more
J.W. Anderson to definitely move Loewe forward to the next chapter of its history LVMH luxury conglomerate never stops buying new promising creative talents. The luxury giant announced an agreement with designer Jonathan Anderson for the development of his London-based J.W. Anderson brand. He remains the majority shareholder of the company. Pierre-Yves Roussel, Chairman and … Read more
Hakkasan to open its first luxury resort on Dubai’s Palm Jumeirah Island. With its signature contemporary ‘Chinois Chic‘ environment, Hakkasan is the place where one can experience elite entertainment, high-tech audio-visual system, Michelin-rated cuisine and the world’s top DJs. Founded in London in 2001 and owned by Tasameem, an Abu Dhabi-based investment company, Hakkasan quickly … Read more
Five-Year Trend Shows High Net Worth Population and Wealth Growth in Asia-Pacific Far Outpacing Other Regions. Asia-Pacific is poised to become largest wealth market as early as 2014, finds the Asia-Pacific Wealth Report 2013 (APWR), published byCapgemini and RBC Wealth Management. The population and wealth of Asia-Pacific’s high net worth individuals (HNWIs) increased at … Read more