Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
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
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
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
Al Habtoor Group buys Le Meridien Hotel Budapest Dubai’s Al Habtoor Group has bought its 10th hotel in the the group’s hotel portfolio. The latest acquisition is Le Méridien Budapest, a 218-room luxury hotel in Hungary‘s capital, situated just minutes from the Danube River. “Budapest is a beautiful, historic city with a unique atmosphere. I … Read more
Although Fisker Karma was met in the U.S. with sharp criticism and damaging publicity, the manufacturer of luxury Electric Vehicles with extended range had an exceptionally strong quarter in Europe. Fisker Automotive become one of Holland’s best-selling vehicles. Fisker was the second-highest-selling brand in the Netherlands in luxury four-door models between January and April, overtaking … Read more