Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

China started construction of 4.7-bln-USD tourism project in Tibet capital

by

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

Four Seasons expands into Tanzania’s Serengeti National Park

by

Get close to wildlife: Four Seasons Sets Up Camp in Tanzania’s Serengeti National Park; Lodge is First of Three Launching Brand’s Sub -Saharan Expansion   Four Seasons Hotels and Resorts expand into Sub-Saharan Africa and offer new outdoor adventure experiences in Tanzania’s Serengeti National Park, UNESCO World Heritage Site. Four Seasons has signed a long … Read more

Branson family to make first voyage into space

by

Branson family to make first trip on space tourism programme 528 people have been into space since Yuri Gagarin’s historic first mission. Richard Branson announced that Virgin Galactic will have 529 future astronauts signed up to join Virgin in space. British tycoon said that he and his family will be the first on board the … Read more

Catterton Partners private equity firm completes investment in Baccarat

by

 Catterton Partners Completes Investment In Baccarat luxury crystal company   Catterton Partners private equity firm, and Groupe du Louvre, an affiliate of global investment firm Starwood Capital and the majority shareholder of Baccarat, announced the completion of Catterton’s previously announced investment in Baccarat. The French luxury brand internationally renowned as a leader in high-end and exclusive … Read more