Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Europe is seen as the ultimate dream destination: TripBarometer 2013. Africans plan to spend more on travel in 2014. Trips are Shorter Yet More Frequent. Sacrifices Help Make Trips Possible. Africa are leading the charge in the percentage of people who plan to spend more on travel in 2014, according to TripAdvisor’s annual TripBarometer global survey … Read more
Luxury hospitality shows continued positive growth. The robust pipeline of luxury hotel projects indicates a continued strong demand for luxury services. No less than six new Ritz-Carlton hotels are scheduled to open in the last quarter of this year, including two properties in China; The Ritz-Carlton, Chengdu and The Ritz-Carlton, Tianjin; The Ritz-Carlton, Aruba will … Read more
World’s ultra wealthy population reaches all-time record. During the past year, the world’s UHNW population reached an all-time high of 199,235 individuals and a combined wealth of US$27.8 trillion, according to latest Wealth-X and UBS World Ultra Wealth Report dedicated to the most commercially significant segment today – the ultra wealthy. The total wealth … Read more