Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
American Airlines is the first to offer lie-flat seats on transcontinental flights across the US Beginning in 2013, American Airlines will take delivery of 130 Airbus A321 and A319 aircraft and 100 Boeing 737-800s, building the youngest fleet among major US carriers within five years. American Airlines will become also the first U.S. airline to … Read more
Hilton Wembley opened just in time for Olympics Just a few days before the start of one of the biggest sporting events in U.K. history, Hilton Hotels & Resorts opened a new landmark hotel, Hilton London Wembley. The 361-room Wembley Plaza hotel is located next to the Wembley Stadium and Arena, home to some … Read more
Rémy Cointreau to Purchase the Entire Share Capital of Bruichladdich Distillery Company Limited Rémy Cointreau Group has agreed to acquire Bruichladdich Distillery Company Limited (“Bruichladdich”), the Islay single malt Scotch whisky distiller. The transaction marks the group’s first move into the premium single malt Scotch whisky market, a category experiencing strong growth all over the world, especially … Read more
Factors to watch in the mix of consumers and luxury products Bain & Company, one of the leading advisor to the global luxury goods industry expects an average of seven to nine percent annual increases in global sales to fuel luxury brands’ growth aspirations until the middle of the decade. “Brands must develop strategies … Read more
Audi City, the automaker’s first digital showroom opens in London Following the example of competitors and responding to customers’ changing needs, Audi is complementing its dealer network with a new format – Audi City. The first location opened in London close to Piccadilly Circus, is presenting the brand’s entire model line-up fully digitally in a … Read more
Top 20 global retail rental markets: Hong Kong is the world’s most expensive shopping destination as significant inbound tourist flows and continued increases in domestic wealth fuels occupier demand from international fashion and luxury retailers, according to new research from global property advisor CBRE Group. The CBRE rankings of prime global retail rents saw … Read more