Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Gold demand in China is expected to rise up to 30 percent this year China – the largest jewellery market for the third consecutive quarter. Global gold demand in Q1 2012 was 1,097.6 tonnes, down 5% from the high demand levels seen in Q1 2011, according to the World Gold Council’s Gold Demand Trends … Read more
Aston Martin To Revive Lagonda SUV For China Market Lagonda SUV Concept is back into production. The reviving is meant primarily for China market, as Aston Martin wants to be on the same trend as its competitors: Bentley Falcon (EXP 9 F concept) and Lamborghini URUS. The British automaker will create a second generation Lagonda … Read more
A day after Facebook’s historic IPO, Facebook co-founder and chief executive Mark Zuckerberg (28) married his longtime Chinese-American girlfriend Priscilla Chan (27) on Saturday. Both Zuckerberg and Chan also updated their relationship status to “married.” Mark Zuckerberg has a huge sense of communication. Marrying a girl of Chinese descent, Mark Zuckerberg will seduce China to … Read more
International tourist arrivals grew by over 4% in 2011 to 980 million, according to the latest UNWTO World Tourism Barometer. With growth expected to continue in 2012, at a somewhat slower rate, international tourist arrivals are on track to reach the milestone one billion mark later this year. International tourist arrivals grew by 4.4% in … Read more
Moncler opens a new boutique in Cannes, one of the most exclusive resorts on the Côte d’Azur. Moncler will host the Film Festival guests in a 77m ² space designed by Gilles & Boissier, the French duo of architects which has worked with Moncler for many years, including for the “Sit on my Doudoune” armchair … Read more
PPR & Yoox prepare a joint e-commerce project French luxury group PPR and Italian online fashion retailer Yoox are holding commercial discussions to examine the possibility of working together on an e-commerce project “No definitive agreement has been signed to date,” PPR said in a statement. Shares in Yoox rose more than 10 percent after … Read more