Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Rising asking prices and heavy foot traffic in Manhattan’s high profile shopping corridors make the Manhattan retail real estate sector one of New York City‘s most robust, according to The Real Estate Board of New York’s (REBNY’s) Spring 2013 Retail Report, a report compiling data about asking rents for available space provided by a broad … Read more
Luxury revenues grew by 10 percent in 2012 (at current exchange rates), given the strong growth tailwinds present in the first half of last year, according to Bain & Company, the leading advisor to the global luxury goods industry, in the Spring 2013 update to its “Luxury Goods Worldwide Market Study”. All growth estimates for … Read more
Sean Davoren, the Savoy’s Head Butler, and Professor David Foskett, MBE, CMA, Head of the School of Hospitality and Tourism at the University of West London, are the co-authors of the first official textbook on butlering and lifestyle management to be published next spring. “The global demand for butlers and lifestyle managers has grown rapidly … Read more
FENDI luxury house announced a new state-of-the-art project in the Middle East, proving that the real estate market in Dubai is again performing strongly, especially in the high-end sector. The luxury global brand will provide interior designs for DAMAC Properties, the largest private developer of luxury real estate in the Middle East. The two companies … Read more
The 10 most expensive cities for retailers Hong Kong continues to rank as the world’s most expensive global retail market, recording prime rents nearly 150 percent higher than New York City and more than 400 percent higher than London and Paris, according to new research from CBRE Group. CBRE’s quarterly survey (Q1 2013), which tracks … Read more
Exceptionally rich in beauty, history, spirituality and culture, Kyoto draws 50 million visitors annually to experience the city and its 17 UNESCO World Heritage Sites. While many of these visitors are Japanese, there is real growth in the numbers of international visitors coming to the city, and Kyoto is now very much must-see destination for … Read more