Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Luxury shops in Paris will soon have to switch off their lights at night to save electricity. The French government hopes to save 170 million euros per year by introducing a new set of eco-friendly measures to cut energy consumption. Shops in city centers in France will be required to switch off their lights from 1am … Read more
To gauge which cities are considered the most important to the world’s high-net-worth individuals (HNWIs), Frank Knight’s “Wealth Report 2012” surveyed Citi Private Bank’s wealth advisors around the world and Knight Frank’s global network of luxury property specialists. The survey asked which are the most important cities to their clients now, which will be the … Read more
Travel Spend Climbs to pre-recession levels according to Visa Insights Brazil proves to be a big contributor to the global tourism economy, increasing outbound spend by 32 percent, according to Visa’s 2011 Travel Snapshot. The research highlights key spend insights from Visa account holders traveling to and from the United States, Canada, Mexico and Brazil. … Read more
The first of its kind in Asia, the JNA Awards is an international event to honour and recognise excellence and achievements in the jewellery trade with a focus on contribution and advancement in the Asian region. The Awards ceremony and gala dinner will be held on September 20, 2012, during the September Hong Kong Jewellery … Read more
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