Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Doors Open Days at LVMH: the giant of luxury opens its doors for the 2nd edition of “Les Journees Particulieres” Luxury industry leader LVMH Group is once again celebrating the craftsmanship and heritage of LVMH luxury maisons with the second edition of “Les Journees Particulieres” which will take place on June 15 and 16. This year, … Read more
2012 wine sales in U.S. reached a new record of 360.1 million 9-liter cases with an estimated retail value of $34.6 billion,” according to wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates in Woodside. Of the total, almost two-thirds or 207.7 million cases of California wine account for a 58% share of U.S. wine … Read more
Statistical Profile of the Hong Kong UHNWI Against the backdrop of a red hot premium property market, Hong Kong‘s ultra wealthy population holds US$43 billion worth of real estate assets, representing 9% of the total net worth of its UHNW population, according to the lastest study released by Wealth-X, a provider of detailed intelligence on … Read more
Responding to the growing demand for eco-tourism, Asian hospitality chain Meritus Hotels & Resorts (MHR) and Funtasy Island Development announced plans to build the largest eco theme park and the first gated island community in the world. Located on Riau Islands, Indonesia and slated to open in 2014, the deluxe resort development Funtasy Island will … Read more
Facilitated by a recent partnership with Sao Paulo Turismo, the official tourism authority of Sao Paulo city as well as with the Rio Convention Bureau, World Rainbow Hotels (WRH), the first and only collection of gay-friendly hotels aimed at consumers and travel agents alike, is expanding into Brazil. “WHR’s expansion into Brazil reflects the country’s … Read more
Cultivated French Black Truffle Found in British Columbia’s Fraser Valley. The famous Périgord black truffle of Southern Europe (Tuber melanosporum), universally regarded as the ultimate luxury food, was harvested for the very first time in the Fraser Valley, British Columbia and will create a new industry for Canadian farmers. “It takes considerable effort to produce … Read more