Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Rolls-Royce opens showroom with largest customer configuration lounge in the world Rolls-Royce Motor Cars opened its largest Rolls-Royce showroom in North America, located in Jericho, Long Island. The facility, which spans more than 9,200 square feet includes room to display more than a dozen of the ultra-luxury automobiles. The new showroom will be the first … Read more
LVMH, the world’s leading luxury products group, acquired Arnys, a brand synonymous with the best of French expertise in haute couture and made-to-measure tailoring for men. The brand has also a ready-to-wear line. Arnys has been led by the Grimbert family since 1933 and most recently by Jean and Michel Grimbert, the third generation of … Read more
Gucci Kids, Burberry Children, Armani Junior and Baby Dior have expanded in China’s major cities and become the drivers for luxury spending in China. Wealthier Chinese consumers say they spent more than 376 euros per month on luxury items for their children, a significant 40 percent rise over the previous year, according to Hong Kong-based … Read more
With a record breaking mix of 180 international and domestic spirits brands, the annual industry report by Drinks International and Euromonitor called “The Millionaire’s Club” has come out with the top branded spirits and liquors in the world. Now in its fifth year, the Drinks International Millionaires Club reviews top spirits brands globally with … Read more
Brazil Tops A.T. Kearney Global Retail Development Index for the Second Year A growing middle class economy, high consumption rates, a large, urban population, and reduced political and financial risk has catapulted Brazil to first place of the 2012 A.T. Kearney Global Retail Development Index. Brazil tops A.T. Kearney Global Retail Development Index for … Read more
Europe – the largest e-commerce region in the world Europe it the leader in global e-commerce after recording 19% growth to overtake North America in 2011. Online retail sales account for around 5.1% of the total value of the retail market in Europe, with 240 million e-shoppers spending an average of €1,000 each, according to … Read more