Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Know Your Diamond: MidEast Watch & Jewellery Show in Sharjah, the region’s most popular jewellery fair, focused on gold and diamond opportunities The 32nd MidEast Watch & Jewellery Show, the region’s most popular jewellery fair, got under way on March 27 at Expo Centre in Sharjah. For its spring edition, the five-day show is hosting … Read more
Real Madrid to build $1billion artificial island resort with the first stadium open to the sea Disneylands, Disneyworld, Ferrari World in Abu Dhabi come to mind when you think of the branded resorts. Real Madrid is the latest developer of a Resort Island, a $1 billion resort on an artificial island in the United … Read more