Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
80-year-old designer Oscar de la Renta launched new London flagship. De la Renta’s boutique was inaugurated on Mount Street and is the first space to have separate areas for bridal, home and children’s collections. Located near other luxury store Marc Jacobs, Christian Louboutin and Balenciaga, the shop is Oscar’s largest store to date and fourteenth … Read more
Banner Year for Hawai‘i’s Tourism Industry Hawai‘i’s tourism industry sets new visitor spending and arrival records in 2012, reports the Hawai‘i Tourism Authority (HTA), the state’s agency for tourism. Visitor spending in 2012 reached $14.3 billion, surpassing the previous record of $12.8 billion set in 2007. Visitor arrivals to the Hawaiian Islands also reached … Read more
Michele Ferrero, Leonardo Del Vecchio and Giorgio Armani top the list of Italian billionaires Top 10 Wealthiest Italians The collective wealth of the top 10 wealthiest Italians stands at US$88 billion, which comprises 40% of the combined net worth of the Italian UHNW population. In particular, fashion moguls constitute half the list and represent … Read more
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