Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Australian Echo Group announced expansion plans for The Star – the world’s first “Connected Integrated Resort” built in Sydney, Australia’s most vibrant city. Under Echo’s proposal, The Star will feature every element of a world class Integrated Resort and once completed it is expected to deliver an additional 330,000 international and interstate visitors per … Read more
The Ritz-Carlton Hotel Company Returns to Bali in 2014. The stunning island of Bali enjoys an enviable reputation as one of the world’s most luxurious retreat destinations with its combination of sandy beaches, local Balinese artisan culture and relaxed ambiance. The Ritz-Carlton Hotel Company is set to make a celebrated return to the island of … Read more