Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning of luxury shifts, this year’s top luxury brands reflect a changing global consciousness – with success dependent not … Read more
Global Tablet Market Revenues to Reach $40.4 billion in 2012, $181.5 billion by 2018 Once high-end and luxury consumer devices, tablets are expanding quickly. Apple’s rise to dominance in the tablet market has been slowly eroded by cheaper, more mainstream competitor brands with similar tablets sold at a significantly lower price points. As a result … Read more
Banyan Tree to launch Banyan Tree Kerala (India) in Q1 2013 Banyan Tree chain, a leading manager and developer of premium resorts, hotels and spas in the world, announced plans to develop luxury homes and condominiums in Chengdu, the capital of Sichuan province of China. The residential property will be the group’s maiden residential project … Read more