Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
U.S. wine consumption continues to shine led by sweet wines, un-oaked chards and red blends. U.S. wine industry grew 1.9% last year to reach 318.0 million 9-liter cases, according to The Beverage Information Group‘s recently released 2013 Wine Handbook. As the economy continued to stabilize in 2012, wine consumption increased for the 19th straight year. … Read more
The World’s Highest-Paid DJs Highest-paid DJs are earning more than ever, according to Forbes‘ list of the world’s highest-paid DJs. With $46 million and 70 shows over a two-year period, Calvin Harris earned more than Jay-Z or Katy Perry this year. Harris tops Forbes’ list of “Highest- Paid DJs”, while the Dutch-born DJ Tiësto goes … Read more
Sultan of Brunei’s luxury group bought Eden luxury hotel in Rome. Dorchester Collection, the luxury hotel group controlled by the sultan of Brunei, announced it has bought Rome’s landmark Hotel Eden from Britain-based Starwood Hotels & Resorts. Hotel Eden is one of the world’s most majestic and iconic hotels in a superb setting in central … Read more
Middle East and North American investors are the major drivers of increased activity in the European commercial real estate market, according to the latest data by CBRE, quoted by arabianbusiness. The total value of commercial real estate investment activity in Europe continued to grow in Q2 2013 at six percent higher than the total for … Read more
Earlier this year French luxury giant Kering luxury group took a 51-percent stake in the Christopher Kane fashion label. Now the 31-year-old Scottish designer Christopher Kane announced the opening of his first store on Mayfair’s Mount Street in London. The permanent flagship will be located in London’s fashionable West End. “This is the first step in … Read more
China Yacht Market Set to Grow at 13% Cagr During 2012-2017 Says TechSci Research Increasing number of high net worth Individuals (HNWI), favorable government policies, and low cost of production are contributing to the growth of yacht market in China. Several foreign players are now manufacturing yachts in China to lower their costs of … Read more