Business

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

Hard-to-find brands and upmarket skin care in Net-a-Porter’s “Beauty: The Quintessential Edit”

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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

Lapo Elkann designs a men’s clothing capsule collection for Gucci

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Lapo’s wardrobe at Gucci During Milan Men’s Fashion Week in June, Gucci intends to launch a men’s clothing capsule collection created in collaboration with Italian industrialist and creative entrepreneur Lapo Elkann. Gucci’s creative director, Frida Giannini and the Italian business man, who is not a newcomer to fashion, came up with 27 silhouettes (23 for … Read more

The typical Middle Eastern UHNWI is not an oil baron

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Statistical Profile of the Middle Eastern UHNWI For most ultra high net worth individuals (UHNWIs) in the Middle East, the oil sector is not the source of their wealth, says Wealth-X’s “Profile of the Middle Eastern UHNWI”, a a statistical profile of the average Middle Eastern ultra high net worth individual (UHNWI) based on proprietary … Read more

Ethisphere’s most ethical companies list for 2013

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Every year, US’ Ethisphere Institute unveils its annual World’s Most Ethical Companies list. The World’s Most Ethical (WME) Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action. This year, a record 145 companies made the list, which includes more than three dozen industries, from aerospace … Read more

Global Top 13 female self-made future billionaires

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Chinese Online Gaming Co-Founder Most Likely To Become Next Female Billionaire Qianqian Luo , who is co-founder of Shanda Interactive Entertainment, is most likely to be the next female billionaire with a net worth of US$910 million, according to Wealth-X’ “Top 13 Female Self-Made Future Billionaires” list. Marissa Mayer , Silicon Valley’s golden girl and … Read more

New CEO for Danish based luxury brand Georg Jensen

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Georg Jensen, the Danish based luxury silver, jewelry and watch design company and global retailer, announced it has named David Chu Chief Executive Officer of Georg Jensen. Previously, David Chu served as Co-Chair of the Board of Directors as well as Chief Creative Officer of Georg Jensen . He will continue to serve as a … Read more