Business

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

Nowness, the editorially independent website of LVMH, launches Chinese-language version

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Nowness.com launches Chinese-language version of its award-winning digital editorial platform Luxury online platform Nowness.com, the editorially independent website of LVMH Moet Hennessy Louis Vuitton, will promote its content to a Chinese-speaking audience via a Chinese-language version. Accompanying the new Chinese edition of Nowness, www.cn.NOWNESS.com, will be bespoke stories about luxury culture and events in the … Read more

Palazzo Versace set to fetch around $80 million

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Palazzo Versace on Queensland’s Gold Coast  is going on the market   Built nearly 12 years ago, the 200-room Palazzo Versace luxury hotel on Queensland’s Gold Coast is going on the market. Owner the Sunland Group expects the hotel to bring at least $80 million. Sunland also owns a $25 million central Brisbane development site. The … Read more

Portuguese island Graciosa to become first CO2-free island

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The Azores: Towards a Carbon-Free Future Graciosa, a small island in the Portuguese archipelago of the Azores, is set to become the first C02 -free island in the world. Azorean island of Graciosa has the world’s first energy system based on up to 100 percent renewable energy. With a mixture of wind and solar energy, … Read more

Starwood continues to grow luxury brands in China

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Starwood Hotels & Resorts tops 100th hotel milestone in China Starwood Hotels & Resorts surpassed the opening of its 100th operating hotel in China with plans to open 15 additional hotels by the end of this year. With eight hotels already opened in the first quarter of 2012, Starwood will open a total of 23 … Read more

Hospitality Technology: 2012 Visionary Award winners

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Hilton Worldwide, Flamingo Las Vegas, LaQuinta Inns & Suites and Gaylord Entertainment take top honors at the Annual Hotel Tech Forum Hospitality Technology (HT) magazine has named the winners of the 2012 Visionary Awards. Every year, HT presents a select group of lodging companies with accolades for outstanding achievement in delivering technological excellence. This year’s … Read more

TA Associates to acquire a 30% stake in Zadig & Voltaire

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TA Associates private equity firm has signed an agreement to acquire a 30% stake in Zadig & Voltaire, one of the most successful French brands in the new luxury ready- to-wear market. Zadig & Voltaire represents TA’s third investment in France since 2009 following investments in fund manager DNCA Finance and in a leading provider of … Read more