Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

Luxury and high-end industries recognised as strategic sectors for European growth and employment

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The European Commission recognizes the strategic importance of the high-end industries Important days for Europe’s luxury sector. The European Commission has adopted “Cultural and Creative Sectors for creative growth in the EU” political action plan. This policy strategy qualifies cultural and creative business models, such as the luxury industry, as strategic sectors for European growth … Read more

Holiday sales in America to increase 3.5 to 4 percent in stores and 15 to 17 percent in non-store sales

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Deloitte forecasts 3.5 to 4 percent increase in holiday sales. Deloitte’s retail & distribution practice expects total holiday sales to climb to between $920 and $925 billion, representing a 3.5 to 4 percent increase in November through January holiday sales (excluding motor vehicles and gasoline) over last season. This growth rate is below last year’s … Read more

What does sleep look like?

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Make your sleep a work of art: ibis Sleep Art  What does sleep look like? Can the dreams be transformed into “paintings”? ibis hotels want to combine sleep, technology and art in a night’s unique experience called Sleep Art, a project that will transpose the guests’ sleep into a work of robotics “art”. All the participants … Read more

Cathay Pacific’s new business class upgrades

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Cathay Pacific’s new Regional Business Class  As competition between airlines hots up, all the airlines try to offer business class upgrades and more comfort to passengers. Cathay Pacific celebrates its 66th anniversary as Hong Kong’s home carrier with a new regional business class upgrades based on customers survey. The new inflight product is the result of … Read more

China’s rich list shrinks in 2012. China’s rich are getting poorer

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  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: Estée Lauder’s new Osiao skincare line is developed specially for China

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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