Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH Announces the appointment of Michael Burke as chairman and CEO of Louis Vuitton After the sudden departure of Jordi Constans, LVMH announced the appointment of Michael Burke as Chairman and CEO of Louis Vuitton. He joins the Executive Committee of the LVMH Group. Michael Burke joined the LVMH Group in 1986. From 1986 to 1993 … Read more
Chloé’s first Maison with personal-shopper-like approach French fashion house Chloé (founded in 1952 by Gaby Aghion), known as the first house of luxury ready-to- wear inaugurated the first Chloé Maison at 253 rue Saint-Honoré in Paris. The new Chloé boutique showcases French workmanship and presents the ready-to-wear collections along with shoes, accessories and fragrances, and … Read more
Italian menswear brand Corneliani rounds off 2012 by opening a three-level new single-brand store in Citic Square, the exclusive mall on one of China’s most famous shopping streets. Designed by architects Daniela Podda and Paolo Ponti, the new boutique (the brand’s 40 in China) is set over three levels with a facade completely covered with … Read more
The Digital IQ Index: China While Mainland China’s organic luxury sales growth softened to single digits, Chinese tourist spend abroad increased 58 percent in Q3 2012, suggesting consumer demand remains robust, according to the latest “Digital IQ Index: China” research released by L2 think tank. The Digital IQ Index: China ranks the digital competence of … Read more
Kuta Beach, one of world’s renowned surfer’s paradise in Bali, is the new destination for a Sheraton Bali Kuta Resort opened by Starwood Hotels & Resorts Worldwide. The new resort marks Starwood’s fifth hotel on the Island of Gods. Currently, Starwood manages The St. Regis Bali Resort, W Retreat & Spa Bali – Seminyak, … Read more
Legoland Hotel at Legoland California Resort in Carlsbad, US’ first hotel of its kind, is ahead of schedule and announced an opening date of April 5, 2013. There are approximately 3,422 LEGO models in the entire Hotel created out of more than three million LEGO bricks.The iconic LEGO dragon model installed will breathe smoke as guests … Read more