Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Global luxury market: Experiential luxury makes up almost 55 percent of total luxury spending worldwide Experiences make luxury shoppers around the globe feel pampered. Experiences are in great demand. Yearly sales of deluxe experiences — from art auctions to spas to safaris — are growing 50 Percent faster than sales of high-end goods, says new report from The … Read more
Nextant Aerospace hits delivery milestone for 400XT Aircraft Nextant Aerospace on Schedule to Deliver 32 400XTs by End of 2012 Nextant Aerospace delivered its 10th production unit of the 400XT, the world’s only FAA-certified remanufactured business jet. The “N” registered aircraft was delivered to a private client that will operate the plane in a traditional … Read more
The sale of fattened duck and goose liver will be banned in California The days of foie gras are numbered…Foie gras, the goose liver pâté typically achieved through gavage (force-feeding corn), will be forbidden 1st of July in California, as many animal associations reported against it and a new law will be activated. Gavage-based foie … Read more
The JW Marriott Hotels & Resorts brand opens second hotel in Mexico City The much anticipated 221-room JW Marriott Mexico City Santa Fe opened its doors. Marriott International is confident that this new hotel will become a landmark in Mexico City. JW Marriott Mexico City Santa Fe hotel is located in the upscale Santa … Read more
Global RepTrak 100, a global survey of more than 100,000 participants, shows that reputation is impacted more by what you stand for than what you sell. BMW, SONY and Disney top this year’s list of the World’s Most Reputable Companies. The Global RepTrak 100, an annual study conducted by Reputation Institute, surveys how stakeholders perceive … Read more
UGG Australia and GQ Opens First UGG for Men Store in New York City Building off the success of the fall 2011 UGG for Men launch and the spring 2012 campaign, UGG Australia opened a dedicated UGG for Men flagship store on June 6, 2012. Situated at 600 Madison Avenue, and connected to the current … Read more