Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Microsoft announced its intent to purchase Nokia’s mobile phone business unit. Microsoft to acquire Nokia’s Devices & Services business, license Nokia’s patents and mapping services. Microsoft Corporation and Finnish multinational communications and information technology corporation Nokia announced that the companies have decided to enter into a transaction whereby Microsoft will purchase substantially all of Nokia’s Devices … Read more
World Travel Award winners triumph in Europe. World Travel Awards celebrates its 20th Anniversary this year and is acknowledged across the globe as the ultimate travel accolade, celebrating those companies and organisations that are pushing the boundaries of industry excellence in product and service. Lufthansa, Cornelia, Mantis, Intercontinental, Avis, and Kuoni were among the … Read more
Chanel and Clinique are leading the way in luxury beauty: Euromonitor International. Economy, Standard, Premium or Luxury? Brand Perceptions Around the World. Different markets and regions have completely different perceptions of luxury brands. According to Euromonitor market researcher, the perception of brands as luxurious and trends in buying behaviours differ between developed and emerging markets … Read more