Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Singapore to be world’s richest country by 2050. Centa-millionaires in Asia will continue to outnumber those in North America and Western Europe by 2050, a Knight Frank and Citi Private Bank study showed. Singapore, Hong Kong, Taiwan and South Korea are projected to be the world’s richest countries on a per capita basis by 2050. … Read more
Burberry, the 156 year-old luxury brand with a distinctly British attitude, pushes into the luxury end of the watch market. In October 2012, Burberry will unveil a collection of luxury watches, presented as “typical of the brand’s British heritage and history of innovation”. The luxury house is keeping the collection under an embargo until October. … Read more