Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Largest yacht ever to be build in China joins the Fraser Yacht sales fleet The imposing 88m Illusion, China’s biggest superyacht, is currently build in China by Fraser Yachts, the largest luxury yacht service provider in the world. Illusion’s wide beam of 15.6m will create huge volume over the six decks and create a gross … Read more
The CFDA signs partnership with China’s leading online fashion retailer The Council of Fashion Designers of America (CFDA) has signed its first Chinese partnership with Shangpin.com, China’s leading online fashion retailer and China’s first online retailer to sell in-season contemporary and designer brands at full price. As part of the agreement, Shangpin will support CFDA … Read more
Luxury group PPR changes name to Kering. The new identity is the outcome of the transformation of PPR’s business, begun several years ago. No longer a diverse conglomerate, Kering “is a cohesive, integrated and international Group”. A new name for a new identity, says the conglomerate of luxury brands. Kering can be pronounced and understood … Read more
De Beers Diamond Jewellers Unveils new Stores in Kuala Lumpur and Baku Kuala Lumpur in Malaysia and Baku, Azerbaijan are the new destinations for two De Beers stores. The stores feature De Beers’ unique store design concept of glass and light, where clients are invited to discover the natural beauty and timeless mystique of … Read more
“Rise of South” transforming global power balance, says 2013 Human Development Report The rise of the South is radically reshaping the world of the 21st century, with developing nations driving economic growth, lifting hundreds of millions of people from poverty, and propelling billions more into a new global middle class, says the United Nations Development … Read more
Net-a-Porter is adding beauty shopping outlet “Beauty: The Quintessential Edit” After expanding its business to publishing, the online luxury fashion retailer Net-A-Porter moves into the realm of beauty. Beside access to the hottest looks of the season from international cutting-edge labels, Net-A-Porter will offer hard-to-find brands and a selection of perfumes, high-end skin care, makeup, … Read more