Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Gucci luxury house is the first luxury brand in Italy to join the Google Business Photos – an indoor version of the Street View feature of the tech giant. Gucci opened the doors of the menswear boutique in the Brera area of Milan – the first-ever Gucci flagship dedicated to men. The concept uses existing … Read more
To help the country compete with Hong Kong and Singapore, Thailand’s government announced intention to scrap import duties on luxury products, visitors from China being key target of the new measure. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance … Read more
Maserati North America Up 50% Over August 2012, Hits Highest Sales Month In Its History. In 1963, Italian luxury car manufacturer Maserati established the benchmark for the luxury sports sedan. Its new Quattroporte continues to elevate the standard of supercar performance. Maserati set a new all time sales record in the U.S. in the month … Read more
Kering takes a minority stake in Altuzarra fashion brand. Luxury goods giant Kering (formerly PPR) became a minority shareholder of the New York-based Altuzarra fashion brand, looking to establish its stronghold among the next generation of fashion designers. After the acquisition of the London fashion label Christopher Kane in January, Joseph Altuzarra’s namesake label is … Read more
Four Seasons Hotels and Resorts, one of the global players in luxury hospitality, announces its highly anticipated entry into Korea. Four Seasons Hotel Seoul is currently under construction and projected to open in May 2015. The property will open in a prime location in the Central Business District of Seoul, where major institutions sites are … Read more
Luxury goods group LVMH, the biggest such luxury entity on the market, announced it has decided to terminate the AMF proceedings (France’s markets watchdog) in relation to its acquisition of approximately 10% of rival Hermès’ share capital in October 2010. This decision reflects LVMH’s commitment to ensuring the soundest possible management of its investment in … Read more