Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
More than 5.5 million tourists visited Dubai in the first half of 2013, representing an 11.1 per cent year-on-year increase, indicating that Dubai is on the way to achieving its Tourism Vision for 2020. The first half visitor number results, released by Dubai’s Department of Tourism and Commerce Marketing (DTCM), show increases across all key … Read more
Shanghai rising: 43 sustainable technologies for Shanghai Tower construction. Shanghai’s Lujiazui, China’s first super-tall district, is home to the tallest building in China. The last beam was placed atop the 632-meter (2,073-foot) building designed by global design and architecture specialist Gensler. Shanghai Tower, the 2nd tallest building in the world, is a beacon of sustainable … Read more
Luxury seeks to balance the exclusive and inclusive. Louis Vuitton, Hermes and Gucci are the top 3 global luxury brands of 2013, according to 2013 BrandZ Top 100. Luxury brands became more accessible, collaborative and experiential, says MillwardBrown annual research. On Facebook, Instagram, Pinterest and other social media platforms, brands across the luxury spectrum mediated … Read more
Hotel Saint-Barth Isle de France to enhance its position as one of the leading resorts in the Caribbean. A “natural extension” of LVMH’s activities across the luxury spectrum, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced the acquisition of the Hotel Saint-Barth Isle de France. LVMH luxury group wants to respond … Read more
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. The luxury conglomerate continued to experience good momentum in the US and Asia, … Read more
Loro Piana, the leading luxury and high-end cashmere specialist in the world, sold a majority stake of their family business to the LVMH luxury Group (LVMH Moët Hennessy Louis Vuitton). Sergio and Pier Luigi Loro Piana family remain 20% shareholders and keep their functions at the leadership of the company. The Loro Piana family began … Read more