Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
China remains the top apparel market due to its market size and strong growth in clothing sales. Three trends have shaped China’s apparel market: the rise of e-commerce, a boom in fast fashion, and the evolution of the luxury market, according to the A.T. Kearney 2013 Retail Apparel Index. China is followed by U.A.E. and … Read more
Michael Burke, chairman and CEO of Louis Vuitton, receives the 2013 Prix EDHEC. Michael Burke, chairman and CEO of Louis Vuitton, has been named the 2013 recipient of the prestigious “Prix EDHEC,” an honour that is awarded by the alumni association of the French business school for which the prize is named. The Prix EDHEC … Read more
Fighting with LVMH’s attempts to amass a stake in Hermès, the French luxury fashion house appointed Axel Dumas (42 years old), a member of its founding family, as Co-Chief Executive Officer of Hermès International. Since Axel Dumas‘ arrival at Hermès in 2003 he has held a number of key positions, including Managing Director of jewellery … Read more
What are the prices travelers can expect to pay in popular U.S. and world cities? According to 3rd TripIndex Cities unveiled by TripAdvisor, one of the the world’s largest travel sites, Honolulu rings up the biggest tab as the most expensive U.S. destination. TripAdvisor’s TripIndex Cities is based on the combined costs for two for a … Read more