Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
The romance of imperial life meets modern luxury at the first Four Seasons in Russia opened in the heart of St. Petersburg. Nearly two centuries after its debut as the city’s most exclusive residence, the “House with Lions” is reborn as Four Seasons Hotel Lion Palace St. Petersburg. Situated next to St. Isaac’s Cathedral … Read more
The most-sought after luxury brands in China. Chanel overtakes Louis Vuitton as most sought-after global luxury brand in Digital Luxury Group‘s World Luxury Index China – 2nd edition. Chanel overtook Louis Vuitton thanks to rising interest in various product segments, particularly beauty. Interest for Louis Vuitton on the other hand originated mainly from the fashion … Read more
“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more