Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Versace luxury house announced plans to open a 3rd hotel bearing the trademark “Palazzo Versace” as part of Sociedade de Jogos de Macau, SJM’s integrated casino resort in Cotai, Macau, one of China’s two special administrative regions, alongside Hong Kong. Palazzo Versace Macau will be the first luxury five star hotel in Macau to be … Read more
Commercial capital of South Africa had 23,400 dollar millionaires at the end of 2012, says New World Wealth
The Estée Lauder Companies reported a strong financial performance for its fourth quarter and fiscal year. During the fiscal year, sales growth was particularly strong in the company’s luxury brands, online and travel retail channels and overall in emerging markets, along with solid gains in several developed countries. For the year, the company achieved … Read more
Domaine Chandon broke ground for its winery near Yinchuan, China. To win over wine consumers in China, the second-largest market for Moet Hennessy, the premium wine maker is blending its savoir-faire with Chinese expertise and announced the new Domaine Chandon China, located in Yinchuan. The new 66- hectare (163 acres) estate was inaugurated at the end … Read more
Ritz-Carlton luxury hospitality chain to open first luxury hotel in Israel. The Ritz-Carlton luxury hospitality chain will bring its legendary service standards to Israel by opening its first luxury hotel in Herzliya, an affluent town north of Tel Aviv. The Ritz-Carlton Hotel Company has confirmed their first hotel in Israel will officially open its doors in … Read more
The Top 100 Global Brands: key lessons for success on YouTube. YouTube is currently the second largest search engine in the world. Within Google search, video content has been measured as 53X more likely to achieve organic, first-page ranking than traditional web pages. Therefore, optimizing your videos to perform well in search is absolutely … Read more