Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Nokia in talks to sell luxury Vertu unit-source Last December, Nokia, once the world’s dominant mobile phone provider, unveiled its plans to dispose of “non-core assets” and signalled its intention to sell the luxury arm Vertu. The cellphone maker talks with private equity group Permira were at an advanced stage on a possible sale which … Read more
Scheduled to Open in 2015, the new Sheraton Erbil Hotel Marks Starwood’s Return to Iraq Starwood Hotels and Resorts Worldwide will re-entry in Iraq after 20 years. Starwood Hotels and Resorts Worldwide has signed an agreement with BCD Co. to manage a new-build Sheraton hotel in Erbil, Iraq. The Sheraton Erbil Hotel is situated along … Read more
Marriott International’s first 2 hotels in Macau announced Marriott International and Galaxy Entertainment Group Announce the Ritz-Carlton and JW Marriott Hotels in Macau. The two companies announced they have signed long-term management agreements for more than 1,300 rooms, suites and floating villas at two landmark luxury hotels operated by Marriott International brands to anchor the … Read more
Baccarat New York to marry modern European glamour with architecture and design from The Museum of Modern Art. Starwood Capital private investment group has unveiled Baccarat Hotels & Residences luxury hotel brand. The brand has been created to fill a niche in the very top of the upscale hotel market and bears the revered … Read more
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