Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
The Oberoi Group announced the Opening of The Oberoi, Dubai. The flourishing hospitality sector in the United Arab Emirates has a new offer for discerning business and leisure travellers. The Oberoi Group (founded in 1934) announced the Opening of The Oberoi, Dubai, the Group’s first property in the United Arab Emirates. The hotel overlooks the … Read more
Fendi unveiled first boutique in Brazil in the city of São Paulo. Fendi unveiled its first boutique in Brazil. Baguettemania hit Sao Paulo for the grand opening of the 3,800-square- foot Fendi flagship store at Cidade Jardim Mall, “to extend the celebration of its 15th anniversary that Baguette bag has travelled from Rome to Paris, … Read more