Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Ernst & Young releases 10th anniversary edition of the Renewable energy country attractiveness index. A new era is dawning in the renewable energy industry. Energy demand, natural resource, technology costs, access to finance and global competitiveness are identified as the key influences for investors, according to the 10th anniversary edition of the Renewable Energy Country … Read more
In an attempt to find growth, the companies are, again, turning to multichannel, believing that when channels coordinate, the whole is greater than the sum of its parts. Although e-commerce continues to register double-digital growth year-over-year, online sales have not matched the hype and vision evangelized over the last 15 years. In the same vein, … Read more
Tiffany to Open a Store in Moscow Tiffany & Co. announced plans to open a two-level store in Moscow’s GUM department store, the city’s premier destination for luxury shopping and a center for art and culture, located in Red Square. At approximately 420 square meters, it is the jeweler’s first wholly owned retail business in … Read more