Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Step-by-step Berluti Maison expands globally. After the enrollment of Jeremy Irons and Pierre Casiraghi as Ambassadors, the manufacturer and retailer of luxury men’s shoes and fashion has landed again in London. The luxury label has unveiled a new three floors London home for its ready-to-wear, menswear, accessories and shoe collections. Designed by French-born designer Gwenaël … Read more
The world’s biggest billionaire art buyers Of the top ten biggest art collector billionaires, Francois Pinault, the owner of Christie’s auction house, is the wealthiest, according to the list of the top 10 Billionaire Art Collectors compiled by Wealth-X. With a fortune of US$9.9bn, US$1bn of that is tied up in art. He has amassed … Read more
Fake products harm the economy, as they damage legitimate business and starve innovation. Counterfeiting activities account for over €200 billion in losses for the world economy and it is estimated that such losses may climb further, according to European Commission‘s latest study “Too good to be true: the real price of fake products”, a report … Read more
Global interest for luxury hotels remains stable at +1.5%: Digital Luxury Group US dominates the luxury hotel industry with New York remaining top destination for luxury hospitality destinations worldwide, according to 1st World Luxury Index Hotels, a in-depth analysis of leading luxury hotel brands produced by Digital Luxury Group in partnership with the Chair of Luxury … Read more