Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The 2012 Hurun Rich List, the annual ranking of the 1000 richest individuals in China, reveals that China’s rich are getting poorer and the no. of billionaires is down after six years of growth. In a year when the Shanghai Stock Exchange fell 23%, 469 of the Hurun Top 1000 saw their wealth shrink, … Read more
East-meets-West: Estee Lauder releases Asian premium skincare line Estée Lauder cosmetics conglomerate sells 12 of its 28 cosmetics brands in China, but the Chinses beauty market deserves more. The beauty group focuses the company’s resources on markets with the greatest growth potential. Beginning this October, EstéeLauder introduces a premium beauty line called “Osiao” (pronounced O-shao), … Read more
Business travel trends Revealed in Travel Leaders Group Survey “Company policy” now has almost as much influence as “cost” in whether or not business travelers will be flying in the “front of the plane,” according to the latest survey data provided by Travel Leaders Group, one of North America’s largest travel companies – encompassing nearly … Read more
Sheraton Macao Hotel, Cotai Central – the largest hotel to open worldwide in 2012 Easily accessible by air, land and sea, Macau was visited by 13 million tourists in the first half of 2012, with the majority coming from mainland China. Macau has surpassed Las Vegas as the world’s biggest casino market since 2006 and … Read more
The Ritz-Carlton Tunis, Carthage, opening in 2014 Tunisia will have the first Ritz-Carlton Hotel, announced The Ritz-Carlton Hotel Company. Situated on the Mediterranean Sea, The Ritz-Carlton Tunis, Carthage will offer an exclusive beachfront setting adjacent to the Presidential Palace and step away from Carthage’s ancient ruins. Located in Carthage-Sidi Bou Said, a suburb of Tunisia’s … Read more
The global prestige beauty products brand Elizabeth Arden announced that it has made an investment in Red Door Spa Holdings, the operator of the Elizabeth Arden Red Door Spas and the Mario Tricoci Hair Salons privately owned by North Castle Partners. Elizabeth Arden has partnered with J.H. Anderson Holdings and its principal John Anderson, to collectively … Read more