Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Global Luxury Goods Industry to Generate Additional US$74 Billion in New Sales by 2017 Despite the global volatile economic outlook, the luxury goods market continues to prove resilient, according to the new luxury market research from Euromonitor International, one of the world’s leading provider for global business intelligence and strategic market analysis. In 2012, the … Read more
Bernard Arnault is and remains resident in France for tax purposes Despite the potential obtention of the French-Belgian double nationality, France’s richest man and CEO of LVMH Bernard Arnault is and remains resident in France for tax purposes, luxury giant LVMH group announced in a press release. Contrary to informations published in the international press, … Read more
Ferrari in first half of 2012: record in revenues and in the numbers of cars delivered Ferrari’s Luca di Montezemolo announced record results for Ferrari in the first six months of 2012. Ferrari registered a record in revenues and in the numbers of cars delivered. Revenues reached 1,208 million euro (+11.9 per cent), while a … Read more
Legoland, one of the the most famous and popular amusement park opened its first Asian theme park Merlin Entertainments Group, Europe’s leading and the world’s second largest visitor attraction operator, has identified Asia Pacific as an important new development region for future Legoland Park developments. Legoland Malaysia, the company’s 6th Legoland Park dedicated to … Read more
Maldives to get Louis Vuitton resort The burgeoning list of luxury resorts in Maldives will be enriched in 2013 with a Louis Vuitton Moët Hennessy (LVMH) resort. The luxury giant will built 46 luxury villas on the island of Randheli in Noonu Atoll. LVMH group’s hospitality portfolio include a boutique hotel in St Tropez … Read more
Guest satisfaction for hotels was down in every region of the globe during the second quarter of 2012, according to the Market Metrix Hospitality Index (MMHI), one of the leading provider of customer and employee feedback solutions for hospitality companies around the globe. The measure of perceived value for price paid, also declined in the … Read more