Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Dior’s newest boutique in Taipei In Taipei, but unmistakably chez Dior Tower 101 in Taipei (Taiwan) is the location of the biggest Dior boutique ever. Taiwan is the fifth largest Asian market after Japan, China, South Korea and Hong Kong. Dior chose the Taipei 101, of the most recognizable towers in the world with a … Read more
Hermes to open an savoir-fair maison for future artisans Hermes luxury house is preparing the opening of an extensive 5,000 square meters training center in Pantin near Paris. The Hermes center, scheduled to be operational by 2014, will serve as a training platform for most of the luxury group’s staff. “It is a long term … Read more
Italian fashion house Prada reported a 2011 net profit of 431.9 million euros beating a Thomson Reuters forecast of 415.83 million euros, annouced reuters. Prada posted a 72 percent rise in full-year net profit. Prada’s shares listed in Hong Kong have gained 41 percent since the start of 2012. Milan-based Prada is seen as … Read more
Hennes & Mauritz are plotting a new luxury line Swedish giant Hennes and Mauritz, the owner of H&M, COS, Monki and Cheap is branching into a luxury line. The Swedish retailer confirmed that a new luxury store chain will be launched in 2013 to broaden its offering. “We are making these long-term investments in order … Read more
Euromonitor International has recently published the Top 10 Consumer Trends for 2012, an interesting reading about 2012 consumers. Consumer identity is expressed in more complex ways than through consumption alone. Today, identity also encompasses weight, online status, green thrift, and attitudes to reality culture – even in emerging markets, where the joys of spending are still … Read more
In the face of a global economic slowdown and a weak developed world, the emerging markets continue to prop up global growth. Though Brazil does face some risk the orientation of its economy looks likely to support the country’s long term growth prospects. In 2011 Brazil became the sixth largest economy in the world in … Read more