Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Rhône Valley Wine Region Celebrates Double-Digit U.S. Growth The Rhône Valley wine region, France’s second largest organic A.O.C. vineyard, celebrated record levels of growth in the U.S. during 2011, achieving increases of 17 percent in volume and 27 percent in value. The region also saw global growth in value for Rhône Valley wines increase by … Read more
Turkish Airlines Retains “Europe’s Best Airline” Title For the second year in a row, Turkish Airlines has been named “Europe’s Best Airline” by Skytrax, a leading global aviation research organization. Skytrax polled over 18 million business and leisure air travelers from 100 countries to determine the winners, which were announced at the Farnborough Airshow … Read more
The counterfeiters have now mastered ultra-complex watch movements Counterfeiting costs the watchmaking industry billions each year, as China has perfected the art of forgery and fake Swiss Watches reach new levels of sophistication. Flaws and inconsistencies with the original product can be seen only with magnifier. “That was one of the first times I’ve held … Read more
France, Italy and Germany: Wealth Preservation report French and Italian UHNW Populations Lose at Least One UHNWI Every Three Days Since the Start of 2012 Wealth-X‘ latest intelligence report on ultra high net worth (UHNW) populations in France, Italy and Germany, estimates that there are 22,612 individuals resident in France, Italy and Germany worth … Read more
Second-quarter GDP growth in world’s second largest economy falls to lowest rate since depths of financial crisis in 2009
Construction of 4.7-bln-USD Tibet tourism park launched in Lhasa Chinastarted construction on a 30-billion-yuan (4.7 billion U.S. dollars) culture and tourism park in Lhasa, capital of southwest China’s Tibet autonomous region. The park, with a planned area of 800 hectares 2 km from downtown Lhasa, is expected to be completed in three to five years, … Read more