Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Ladurée luxury pastry house has reopened its Paris flagship tea house on Champs-Elysées after the location went up in smoke last year. In 1871, the bakery of the 150-year-old company was destroyed by fire, the tragedy leading to the conversion as a cake and pastry shop. A landmark since 1997, Laduree café was restored in … Read more
Wangfujing Apple Store Apple’s biggest Asian store in Beijing attracts hordes of shoppers The growing importance of China to the Apple tech giant is expressed through the biggest Asian store opened in on the busiest commercial street in Beijing on October 20. After the United States, China is now the second-biggest market for Apple … Read more
Chanel acquired its cashmere supplier Chanel has purchased cashmere knitwear manufacturer Barrie Knitwear of Scottish Borders-based. Barrie have produced cashmere knits for Chanel for more than 25 years. Following Italian shoemaker Roveda, Barrie Knitwear is the second foreign company to be acquired by Chanel. “Chanel’s acquisition of Barrie Knitwear in Hawick secures the jobs of … Read more
Demand for flavored vodkas is growing: report Dynamic flavored segment proves a primary growth driver of vodka, the largest spirits category Consumer interest in flavored vodka is expanding, evidenced by the 23.3 percent gain that catapulted the segment to account for more than one-quarter of total U.S. vodka volume in 2011. Flavored vodka increased 3.3 … Read more
USA’s Most Expensive Hotel Located in Montana The Ranch at Rock Creek, located close to the historic mining town of Philipsburg, Montana, is the most expensive hotel in the USA. That’s according to a recent survey conducted by Luxury-Hotels.com. The survey specifically compared luxury hotels in the USA for the period spanning June through … Read more
Chinese luxury spend Set to accelerate Asian ultra high net worth (UHNW) individuals wealth is expected to grow by 7.9% annually for the next five years with China contributing to the bulk of this growth, according to the Wealth-X World Ultra Wealth Report 2012- 2013, a provider of detailed intelligence on ultra high net worth … Read more