Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Leica opens first store in US The luxury German camera and sport optics brand Leica announced the opening of the Leica Store Washington DC., marking the debut of the North American retail concept. Located at 977 F St, NW and brokered by Streetsense, the Leica Store Washington DC showcases the iconic retailer’s full line of industry … Read more
Stack’s Bowers Galleries Partners With the Golden Nugget in Atlantic City to Unveil Gold-Dispensing ATM Machine – Only the Second of Its Kind in North America Stack’s Bowers Galleries, leading retailer and auctioneer of premium collectible coins, currency and precious metals, unveiled its first GOLD to go ATM machine at the Golden Nugget Casino … Read more
IWC’s Flagship Boutique in New York City Opened With a Knockout Watch Launch Swiss luxury watch manufacturer IWC Schaffhausen celebrated the opening of its first US Flagship Boutique in New York City – the largest of its kind worldwide. IWC marked this new milestone with the launch of the Big Pilot’s Watch Edition Muhammad Ali … Read more
The group, which owns luxury brands ranging from Yves Saint Laurent to Stella McCartney, has launched a five year plan with a series of environmental targets aimed at reducing its footprint
Strong Q1 sales growth for French luxury group PPR • Group sales up 8% comparable, +15% reported • Luxury division: +18% comparable, +29% reported • Sport & Lifestyle division: +3% comparable, +15% reported In the first quarter of 2012, PPR posted €3.3 billion in revenue from continuing operations, up 7.9% on a comparable basis and … Read more
Richemont Group Campus Genevois de Haute Horlogerie Richemont Group reinforces its roots in Geneva and its involvement in the local economy with an investment of over 100 million Swiss francs. The large and innovative project is called the « Campus Genevois de Haute Horlogerie ». The project will result in the creation of a 30,000 … Read more