Business

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

Katie Holmes announced as global spokesperson and co-owner of luxury haircare company

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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

The Most Popular Haute Horlogerie brands

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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

Designer Azzedine Alaïa to translate his world into perfume

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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

Chinese private jet owners to double in 2013

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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

Gustav Klimt helped Vienna enjoy a record year for tourism

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Viennese tourism industry announces its best year ever. Gustav Klimt helped Vienna enjoy a record year for tourism in 2012 Thanks to the events marking the 150th anniversary of the birth of painter Gustav Klimt, a key figure of Vienna’s art scene, Vienna saw a record number of overnight stays in 2012 – in total, … Read more

Top-selling artists of the year

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Top-ranked artists of 2012: Warhol, Picasso and Richter Top-Selling Artists of the year Warhol, Picasso and Richter are the “top-selling artists for 2012“, according to Artnet, an internet-based resource for the international art market. Art is a business whose numbers are carefully counted each year. Which artists performed best at auction last year? Take a look … Read more