Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Dior to create Christmas window displays for Paris’ Printemps In the tradition of creating elaborate and fantastical Christmas window displays, Parisian luxury department store Printemps, the flagship location on Boulevard Haussmann, will have a Dior Christmas window decorations this year. Previously, the Paris luxury retailer have collaborated with Chanel and Lanvin on its Christmas displays. … Read more
For the second year in a row German Chancellor Angela Merkel is the stongest women on the planet. Angela Merkel, US Secretary of State Hillary Clinton, and Brazil’s President Dilma Rousseff are the world’s most powerful women, according to Forbes’s annual survey that calculates wealth, media presence and overall impact. Merkel’s top spot reflects her … Read more
Saks Incorporated’s Saks Fifth Avenue OFF 5TH opened its doors in Garden City, NY. The new store is located in the Gallery at Westbury Plaza, which opened in August, and will be featured among a variety of premier retailers and restaurants, including The Container Store, Shake Shack, and Trader Joes. The store will be remodeled … Read more
J.P. Morgan Asset Management Invests USD 45 Million in Brazil’s Dafiti J.P. Morgan Asset Management, a global leader in investment management with assets under supervision of approximately $2.0 trillion and assets under management of $1.3 trillion, will invest USD 45 million (R$90 million) in Dafiti, Brazil’s largest fashion e-commerce retailer. Launched in January 2011, Dafiti … Read more