Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Skorpios bought from the Onassis family by the daughter of a Russian billionaire

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The Greek island where Aristotle Onassis married Jackie Kennedy has been sold ‘for £100million’ Greek island where Aristotle Onassis married Jackie Kennedy was bought from the Onassis family by Ekaterina Rybolovleva (24-year-old), daughter of business magnate Dmitry Rybolovlev, the owner of AS Monaco Football Club. Regaded as long-term financial investment, Rybolovleva also acquired the neighbouring island … Read more

Brands bank on Middle East as luxury goods market continues growth

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As a large part of the Western world continues to suffer in the wake of the on-going financial crisis that began back in 2008, growth in the Middle East shows no sign of abating. In the likes of the United Arab Emirates (UAE), the demand for luxury goods continues to rise as the area welcomes … Read more

“Innovation for Better Life”: the 15th Auto Shanghai 2013

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From April 21 to 29, 2013, the long-awaited 15th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2013) will be a spectacular visual display with a roll call of global auto giants with their unprecedented model lineups. Auto Shanghai 2013 will gather self-owned brands of China, joint venture brands, and global brands; the total scale of … Read more

Yves Saint Laurent beauty to open first beauty counter in China

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Meeting the booming demand for luxury cosmetics in China, YSL cosmetics is expanding to China. YSL cosmetics owner L’Oréal Luxe (which has in its portfolio big players like Lancôme, Kiehl’s, and Yue-Sai) will open a beauty counter in the Shanghai high-end department store Isetan located on the city’s busiest shopping street. By 2015 YSL is … Read more

Shangri-La Bosphorus to debut on the Istanbul’s luxury hospitaliy arena

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In May, the Istanbul‘s rich hospitality scene will see the addition of the highly anticipated Shangri-La Bosphorus. The hotel will debut in Istanbul as a distinctive luxury hotel in the Virtuoso luxury travel network. Shangri-La Bosphorus, Istanbul is situated in the modern city, in between Dolmabahce Palace and the Maritime Museum, with attractions including the … Read more

Most valuable luxury beauty brands

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Top 50 Cosmetics Brands: Find out what the best cosmetics brands are Despite the ongoing economic difficulties in many parts of the world, the beauty industry continues to defy the downturn. NPD, R&D and the creation of new brands in the beauty sector is outstripping many other consumer industries and the outlook from analysts is largely … Read more