Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
To start off the new winter season on December 21, LVMH-owned uber-luxurious Cheval Blanc Hotel in Coucheval ski resort introduces 8 new suites decorated by interior designer Sybille de Margerie. The alpine palace situated in resort billed “International billionaires club” extended also 6 of its other suites. Cheval Blanc offers thirty rooms and suites over … Read more
LVMH will train its managers from Singapore, Hong Kong and Shanghai in the first managerial training center outside Europe opened in Singapore. The LVMH Asia Pacific Talent Development Centre, located in Ngee Ann City on Orchard Road, is a 6,000-square- foot facility building with training rooms, as well as displays of flagship luxury products from … Read more
Kempinski to run world’s tallest hotel in North Korea Pyongyang‘s 105-storey enormous Ryugyong Hotel, North Korea’s pyramid hotel abandoned more than 20 years ago, will be transformed intro a Kempinski hotel, announced Reto Wittwer, CEO of international hotel operator Kempinski AG, at a forum in Seoul. Ryugyong Hotel, a source of fascination, ridicule and also … Read more
Perfume-makers fear EU legal blow to industry The European Commission wants to introduce new laws restricting the use of natural perfume ingredients linked to allergies. The EU estimates 1-3 percent of people in Europe are allergic or potentially allergic to ingredients found in perfumes – a number it considers high enough to justify concern. “All … Read more
Alexander McQueen comes to Savile Row The highly-anticipated Alexander McQueen’s first Flagship Menswear store on Savile Row, London is the home to the largest McQueen menswear offering in the world. The new store concept was conceived by Sarah Burton and Alexander McQueen and realised together with David Collins Studio. “Lee really wanted a shop on … Read more
2012 Digital IQ Index: Beauty and Skincare study L2 think tank released the fourth annual Digital IQ Index: Beauty. This year’s study benchmarks the digital competence of 56 prestige Beauty brands across four dimensions: site, digital marketing, social media, and mobile. Based upon more than 900 data points, brands are classified into five categories: Genius, … Read more