Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
British Shoe Designer Nicholas Kirkwood to be part of LVMH luxury giant LVMH Moët Hennessy Louis Vuitton luxury conglomerate added British Sshoe designer Nicholas Kirkwood to his stable of luxury brands that includes Moët & Chandon, Dom Pérignon, Louis Vuitton, Céline, Loewe, and Kenzo, among many others. The new partnership will allow Nicholas Kirkwood designer … Read more
More young money enters the real estate market. A new survey by Coldwell Banker Previews International and the Luxury Institute finds that Wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older. According to the survey of Americans age 21 … Read more
In August, Stawood Hotels & Resorts unveiled the largest hotel suite in the United Arab Emirates (St. Regis Saadiyat Island Resort). Two months later, the luxury hospitality group announced the debut of St. Regis Abu Dhabi – the brand’s second hotel in Abu Dhabi boasting the world’s highest suspended hotel suite. The 11,600-square foot (1,078-square … Read more