Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
How leading global cities stack up against one another? Though New York and London lead cumulative scoring, emerging cities, including Beijing and Shanghai, are narrowing the gap within key economic indicators, according to the fifth edition of Cities of Opportunity released by PwC and the Partnership for New York City. While New York officially edges … Read more
LVMH: 22% Increase in Revenue for the First Nine Months of 2012 LVMH’s Beauty Sales Remain Strong LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the … Read more
Scheduled to open in 2017, a new Beijing mega airport will be world’s biggest,according to master plans released by Dutch Airport Consultancy firm NACO, one of the world’s leading independent airport consultancy and engineering firms. The new Beijing Daxing International Airport, a second hub for the city of Beijing, will cover 55 square kilometers, will … Read more
Chivas Regal’s biggest duty free exclusive launch in the brand’s history The Victorian-era brothers John and James Chivas started in the 1850s to blend high-quality, smooth-tasting whiskies for the affluent clientele on Aberdeen’s King Street. To honour their legacy, Chivas Regal launched Chivas Brothers’ Blend, a permanent 12-year-old whisky that intensifies Chivas Regal’s trademark flavour … Read more
Park Hyatt opens in the gateway to Southern India Hyatt hospitality chain opened the 30th hotel in the Park Hyatt collection and the first Park Hyatt hotel to be introduced in the city of Chennai, known as the gateway to Southern India. Adjacent to the thriving green area of the Guindy National Park, Park Hyatt … Read more
Valentino opened first store in South America Italian-based brand Valentino is making its first foray into the South America’s luxury market by inaugurating a flagship store in Brazil, Latin America’s newest major luxury goods consumer. According to chief executive Stefano Sassi, the luxury house expansion strategy includes the opening of new boutiques and flagships all … Read more