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