Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH and partners to build one of the largest luxury malls in the UAE In 2011, French luxury goods conglomerate LVMH announced the intention to enter in the hospitality sector with the opening of a 45-villa Maison in the Maldives. 2013 will see LVMH embarking on the ambition plans. A 168,000 square metre mall on … Read more
Lancôme Announces Partnership With Visionary Jason Wu Celebrated fashion designer, Jason Wu and Lancôme, one of the world’s leading luxury beauty brand, teamed up to create a new color cosmetics line that will hit stores in September. The news comes a month after Lanvin designer Alber Elbaz announced a collaboration with Lancôme on his first … Read more
Mexican Billionaires Beat Brazilians In Wealth: Wealth-X Unveils Top 10 Wealthiest Latin Americans List With a net worth of US$78.9 billion, Carlos Slim remains at the top of the list of the Wealthiest Latin Americans. Coming in second is Jorge Lemann, co-founder of 3G Capital, with a net worth of US$19.2 billion. Alberto Bailleres … Read more
LVMH well-equipped to continue its growth momentum Despite an uncertain economic environment in Europe, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, says it is well-equipped to continue its growth momentum across all business groups in 2013. LVMH recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011. … Read more
Mazda and Fiat have signed an agreement to produce an Alfa Romeo Roadster at Fiat’s Japanese plant. The two vehicles will be significantly different and reflect the individual brands. Mazda will produce an open-top two-seat sports car for Fiat’s Alfa Romeo brand at the Fiat Hiroshima, Japan plant beginning in 2015. The Mazda Roadster will … Read more
Calling all fashionistas: The opening of Chloé’s flagship store on rue Saint-Honoré Chloé fashion house celebrated the opening of the first Maison Chloé on 253 rue Saint-Honoré in Paris. The new space on Rue Saint-Honoré is the label’s first Maison with a new architectural and client experience concept, with a team of stylists who offer … Read more