Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Chinese interest for luxury watches is growing. The big players get bigger Chinese consumers are becoming more educated and sophisticated A near 40% increase in searches shows that the interest for luxury watches in China remains strong despite a macroeconomic slowdown, according to the “World Luxury Index China: Watches” study launched by Digital Luxury … Read more
Tesla Motors Announces Major European Distribution Center in the Netherlands Tesla Motors, Silicon Valley-based company that designs, manufactures and sells electric cars and electric vehicle powertrain components has big plans with the worldwide distribution of its Model S. The car is the world’s first premium sedan built from the ground up as an electric vehicle. … Read more
Fairmont Hotels & Resorts announced a new development on the southern coast of Bali, Indonesia scheduled to open in 2016. Fairmont Bali will offer guests 170 luxurious guest rooms and suites as well as branded residences. Denniston International, one of the industry’s leading hospitality design and planning firms, will oversee the project with their trademark … Read more
Audi reported a new annual sales record in the U.S. market with 120,420 new German-engineered luxury vehicles sold. The brand set its previous full-year record of 117,561 vehicle sales last year. This marks the third straight year of record annual sales in the U.S. market for Audi.Last month, Audi established its 22nd consecutive month of … Read more
Facebook released the biggest trends of the year. The social network’s list includes movies, most-read- books, popular television shows and places with the most check-ins. The most popular check-ins in the United States are Times Square New York, Disneyland California and AT&T Park in California. The most popular places in the world are Disneyland Paris in … Read more
Lamborghini V10 Gallardo set for retirement Italian sports car manufacturer Lamborghini will cease production of its V10 Gallardo model, the most popular Lamborghini of all time. The company will replace the car with a new addition that will be unveiled late in 2013. The Lamborghini Gallardo sports car was the most-produced model to date, with … Read more