Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
For chocoholics from all over the world, Ladurée luxury tea and macaron house expands its portfolio and focuses on pralines, truffles and bonbons. Passionate about chocolate for several years, David Holder, Chairman of Laduree, wanted to create a new brand in order to highlight for the first time the chocolate at Ladurée, “to give it … Read more
With new capital injection from Qatar-based company Mayhoola, Valentino fashion house will expand its men’s business. Valentino will launch first menswear store in Paris, followed by London and then Milan menswear boutiques. Head designers Maria Grazia Chiuri and Pierpaolo Piccioli commissioned architect David Chipperfield to concieve the concept of the new stores. Valentino showed its … Read more
Welcome, Holmes! Actress and entrepreneur Katie Holmes became co-owner and first-ever celebrity spokesperson for Alterna Haircare, a pioneer in the luxury haircare category launched in 1997 and now owned by TSG Consumer Partners. The company is known for professional formulations that are ‘free of’ harsh chemicals and formulated with globally-sourced, often sustainable, and organic ingredients. … Read more
Every year at the occasion of the Salon International de la Haute Horlogerie (SIHH), Digital Luxury Group unveils the results of the Haute Horlogerie category (18 brands) of the WorldWatchReport, a barometer of digital intelligence for watch marketing. The WorldWatchReport tracks the performance of 40 luxury watch brands across 20 markets, based on millions of … Read more
Beauté Prestige International (BPI) adds potentially very lucrative fashion house of Azzedine Alaïa to its portfolio. BPI and Paris-based fashion designer Azzedine Alaïa (born in Tunis, Tunisia on 7 June 1939) have signed a licence agreement for the creation, manufacture and worldwide distribution of fragrances under the Azzedine Alaïa brand. “We are delighted and honoured … Read more
Year Of The Snake Predictions For China’s Ultra Wealthy China’s ultra high net worth (UHNW) population is expected to increase by 9% to 12,250 in 2013 while the combined net worth of these UHNWIs will rise by 8% to reach US$1.7 trillion. The most significant increase is expected to be in the number of Chinese private … Read more