Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
The history-rich Cavendish London acquired by Ascott for £159 million Built in the early 1960s, the history-rich Cavendish London hotel will be reconfigured into a luxury serviced residence and rebranded The Ascott St James London, as Ascott, the world’s largest serviced residence owner- operator, has cquired Cavendish London for £159 Million. The strategic takeover … Read more
Inspirato Enters Asia with New Properties in the Maldives and Thailand Luxury destination club Inspirato has announced the addition of three new properties in the Maldives and two new properties in Thailand. Inspirato club’s offerings in Thailand include a 2,800-square-foot ocean-view villa and a 5,100-square-foot private retreat within the Soneva Kiri resort on … Read more
40 Percent of Top Brands Are Using Instagram Luxury brands dominate the list of Instagram’s early adopters, according to a new Simply Measured’s study. The brands list include Audi, Tiffany & Co., Hermes, Gucci, Mercedes-Benz, BMW and Armani, all utilizing Instagram to draw consumers’ attention to their products. In addition, a majority of brands … Read more