Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Madison Avenue Welcomes Nineteen New Retailers in Second Half of 2012 Madison Avenue, the North America’s premier luxury district, is featuring some of the most sought-after real estate in the world. The Madison Avenue Business Improvement District (BID) released its Second Half report for new store openings, announcing 19 new retailers. “Madison Avenue hosts the largest … Read more
Mercedes-Benz USA Hits Its Highest-Ever U.S. Volume With Sales Of 305,072 Mercedes-Benz USA reported its highest year on record with 305,072 vehicles sold in 2012, representing a 15.4% increase over the 264,460 vehicles sold during the same period in 2011. The Mercedes-Benz model line alone also recorded a record year with sales of 274,134 … Read more
Porsche reports best-ever sales in 2012 Porsche Cars North America (PCNA) announced it has achieved an all-time record for U.S. sales, with 35,043 cars sold in the U.S. in 2012. This compares to 29,023 cars sold in the U.S. in 2011, an increase of 21 percent. The previous record year for Porsche in the U.S. … Read more
Roberto Cavalli opens flagship and Caffè in India Roberto Cavalli, one of Italy’s best-loved designers, has launched first boutique and Caffè in India with plans to open a second store in Mumbai in mid-2013. The 180 square meter (1,937 square feet) store, India’s first taste of Roberto Cavalli, is housed in Indian capital New … Read more
Renault x Caterham Alpine sports car will be launched by the end of 2015, announced Renault’s officials. According to Renault marketing head Stephen Norman, the new Alpine will be “light and look different, and have a touch of French dash. […] We know who the buyer is: he’s either French or a Francophile. And the … Read more
On 3rd January, LG begins rollout of eagerly anticipated revolutionary OLED TV. Only 4 millimeters (0.16 inches) thin and weighing less than 10 kilograms (22 pounds), LG’s OLED TVs will be sold first in South Korea with deliveries scheduled to begin next month. The retail stores in South Korea will begin accepting orders from consumers for … Read more