Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Karl Lagerfeld to open Parisian concept store “Save the date! February 2013: KARL LAGERFELD will open its 1st concept store in the heart of St Germain des Pres in Paris,” the facebook page of the famed designer of Chanel, Fendi and Chloé announced during Paris Fashion Week. The Karl Lagerfeld concept store will offer the … Read more
Luxury Brands Move into Chinese E-Commerce Space Salvatore Ferragamo is the latest luxury brand to move into Chinese E-Commerce following moves by other retailers such as Net-A-Porter, Yoox, Zara, Armani, and Coach. Luxury house’s sales in China grew 36% first quarter of 2012.In 2011, online retail generated about $121 billion in sales. Ferragamo‘s online retail … Read more
Specialty Retail 2012: Mobile and Amazon are reshaping retail. M-commerce is the fastest growing channel in the history of commerce Digital IQ Index: Specialty Retail 2012: E-commerce is now M-commerce L2, a think tank for digital innovation, released its third annual Digital IQ Index: Specialty Retail. The report benchmarks the digital competence of 76 global … Read more
ZADIG & VOLTAIRE will open its debut hotel in 2014 The Parisian Hotel Won’t take reservations from ‘Chinese Tourists’ Zadig & Voltaire‘s stage used for the debut catwalk presentation at Paris Fashion Week will became a designer hotel with a rock ‘n’ roll chic. The private mansion on the Parisian Left Bank will house the brand’s first … Read more
Eric Clapton, a renowned watch collector and a Patek Philippe fan, is selling a very rare Patek Philippe (reference 2499/100P) Perpetual Calendar Chronograph. The highly important platinum perpetual calendar chronograph reference 2499/100 from the collection of Eric Clapton is expected to fetch over $4 million at Christie’s Geneva Auction on November 12 at the Four … Read more
Saks Incorporated Announces Opening of Saks Fifth Avenue Store in Almaty, Kazakhstan The growing and vibrant Almaty, Kazakhstan has its own tri-level, approximate 91,000 square foot Saks Fifth Avenue store – the first of its kind in Kazakhstan. The new store will include a VIP Club for both women and men and offer an ongoing … Read more