Business

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

Growth confirmed in 2012 for luxury consumption. Luxury goods market to grow 3% in Europe in 2012: study

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All sectors of the global luxury market are forecasted to grow in 2012, reinforcing the organic growth of 2011. China is the fastest growing market, accessories the best performing categories. Leather goods, Shoes and Accessories and Hard Luxury (Jewelry Watches) are the sectors with the highest expected growth ratio, according to Altagamma Foundation, which monitors … Read more

Nordstrom, Bergdorf Goodman and Barneys New York ranks first in luxury for wealthy shoppers: survey

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  Nordstrom Ranks First in Luxury for Wealthy Shoppers; High-End Retailer Earns Top Scores on Multiple Measures of Customer Experience and Loyalty   Wealthy U.S. shoppers earning at least $150,000 a year rank Nordstrom highest among luxury retailers in the 2012 Luxury Consumer Experience Index (LCEI) survey by the independent New York-based Luxury Institute. LCEI … Read more

Solís to open in Lake Tai, Suzhou, China

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  Solís Hotels & Resorts, one of the world’s premier luxury hotel brands, announced an agreement with Fantasia Holdings Group, a leading property developer and property-related service provider in China, to develop and manage Solís Lake Tai, Suzhou. The 300-room hotel is scheduled to open in 2013. The five-star hotel will encompass 250 rooms and … Read more

L’Occitane and Westin Hotels are digital geniuses in emerging markets

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New L2 Study Ranks Digital Competence of Over 100 Iconic Brands in Brazil, Russia, and India L’Occitane ranks #1 in both Brazil and Russia, and Westin Hotels & Resorts leads in India in the new L2 Digital IQ Index: Brazil Russia India. The Index, the first study of its kind, measures the aptitude of over … Read more

It’s time for Christian Louboutin Beauté

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Christian Louboutin Beauté From shoes to beauty products is just one step. Christian Louboutin decided to dive into cosmetics and to beautify not only our feet. Christian Loubout announce the creation of a joint venture with Batallure Beauty to establish Christian Louboutin Beauté. The first beauty products are expected to launch late 2013. “Twenty years … Read more

Mark Rothko’s Orange, Red, Yellow – the most expensive contemporary artwork

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World’s most expensive contemporary artwork Mark Rothko’s Orange, Red, Yellow 1961 oil painting was sold for $86,882,500, setting a world auction record for any Contemporary work of art and a world auction record for the artist, at New York, Rockefeller Plaza on 8 May 2012 in the Post-War and Contemporary Art Evening Sale. “Orange, Red, … Read more