Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Missoni luxury fashion brand is causing a sensation in the worldwide top hospitality sector, being ahead of other fashion brand hotels such as Armani, Bulgari, LVMH, or Cheval Blanc. Missoni hotels, part of the Rezidor Hotel Group, are pushing the expansion of the premium lifestyle & boutique hotel brand strongly forward. According to TOPHOTELPROJECTS (www.tophotelprojects.com), … Read more
Officially certified Japanese Kobe beef, the rarely exported luxury Japanese culinary delicacy, can now be found in Hong Kong. Hong Kong is only the second foreign market after the nearby Macau to have the permission to import the renowned Kobe beef, a meat with buttery taste and a marble-like texture that melts in your mouth. “The … Read more
Sustainable Apparel Coalition unveils new eco-index A logical step toward long-term sustainability of the fashion industry, the new Higg Index was announced by clothing and footwear firms including Nike, Marks & Spencer, Levi Strauss, Walmart, Adidas, VF Corp, Arvind Mills, Li & Fung, TAL Apparel and H&M Hennes & Mauritz, all members of Sustainable … Read more