Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Louis Vuitton continues its pioneering spirit. Kazakhstan, a country that has recently seen a new generation of luxury customers coming from the mineral and energy sectors, has its first Louis Vuitton fagship store opened on October 11th in Almaty’s famed Esentai Mall. The clients of the new Louis Vuitton boutique will have access to the … Read more
The far north of Siberia is believed to have vast and untouched diamond reserves in a unexplored crater. The 100-kilometre (60-mile) Siberian Popigai Crater was formed by a huge asteroid 35 million years ago and is lying 2,000 kilometres from the main Trans-Siberian railway line. The deposit sits at the northern end of the border … Read more
LVMH stake in Hermes to be examined by French watchdog AMF in early 2013 LVMH luxury conglomerate‘s stake-building in rival Hermes will be examined in early 2013, according to French markets watchdog AMF’s sanctions committee. The luxury scarves war dates from October 2010 when LVMH revealed that it build a stake of 14 percent … Read more
Dubai announced plans to build Taj Arabia, a replica of the iconic Taj Mahal that will become the world’s grandest wedding venue and a symbol of love and romance. Taj Arabia will four times the size of the original India’s monument and will be set in the heart of the 41 million square foot Falcon … Read more
Burberry’s iconic trench coats is the major source of inspiration for “The Britain”, the first automatic timepiece launched by the Bristish luxury house and the company’s first venture into the luxury watch market. The Britain collection of square cased watches embodies the brand’s rich British heritage, featuring timepieces in the range varying across 43mm and 47mm … Read more
Richemont acquired Varin-Etampage and Varinor (‘VVSA’) Richemont, the Swiss luxury goods group, has acquired 100 % of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined … Read more