Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Global High Net Worth Population Increases Slightly as Their Investable Wealth Declines Asia-Pacific becomes region with the most HNWIs, while North America retains the most HNWI wealth Asia-Pacific surpasses all regions with the largest HNWI population, while North America retains the most HNWI wealth, finds Pacific, Capgemini and RBC Wealth Management’s “World Wealth Report“, a … Read more
The global market for luxury goods has returned to steady growth, after the recessionary decline of 2008. While the developed countries dominate sales, the emerging ones are growing faster. In consequence, luxury brands manufacturers and retailers will continue to switch their focus to these new sources of growth. Three BRIC countries will be the … Read more