Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The French luxury group Richemont (Jaeger-LeCoultre, Van Cleef & Arpels, Montblanc, Vacheron Constantin and Shanghai Tang) opened a “retail academy” in Shanghai (China) aimed to fight against poor customer service, one of the biggest issues facing the luxury industry within China. Accepted applicants to the Richemont program will take part in nine weeks of training, … Read more
Hyatt Hotels Corporation opened the first city Park Hyatt hotel in India in Hyderabad. The financial, economic and political capital of Andhra Pradesh, Hyderabad is one of the richest cities in India and has been named the second best Indian city for doing business, according to a World Bank Group report. Park Hyatt Hyderabad isthe … Read more
Virgin Limited Edition’s Mahali Mzuri to open in 2013 Virgin Limited Edition will join Accor, Carlson Rezidor, Marriott, Movenpick and other chains with a new luxury hotel in Africa, located in the Masai Maara ecosystem. The luxury 12-tented camp called Mahali Mzuri is due to open in 2013 and will cater for a maximum … Read more
The Most Expensive Real-Estate in the World The Wealth Report 2012: The annual update on prime property and wealth The map of the latest concentrations of global mega-wealth drawn by Knight Frank’s “The Wealth Report 2012” reveals that the momentum is undeniably with the world’s emerging economies. However, when it comes to choosing a home, … Read more
91 percent of the wine drunk in China is red wine, according to a survey produced for May’s Vinexpo Asia-Pacific trade fair — the largest wine industry event in the region. Red wine surpassed traditional Chinese liquor as the most popular alcoholic drink in China last year, according to the Ipsos research group. Country’s taste … Read more
Villa on the sea: Ferretti launches latest Custom Line 112 superyacht for Chinese owners Ferretti announces the launching of the Custom Line 112’ Next, a 34 metre vessel in the planing category and the twenty-eighth model of the 112 inch models. The launching of the maxi yacht owned by the Chinese real estate company Xanadu South … Read more