Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
46th Annual Vinitaly: The wine-growing sector is still driving the Italian agro-foods field 46th Annual Vinitaly Fair, Italy’s answer to France’s Vinexpo takes place March 25-28 in Verona. Vinitaly is an event devoted to international wines and spirits, winemaking and wine business. Last year’s event attracted more than 4,000 exhibitors, and 156,000 visitors from 100 … Read more
America’s Millionaire Population Grows by 200,000 The number of millionaire households in the U.S. has increased for the third consecutive year, but remains below the pre-recession high of 9.2 million in 2007, according to the 2012 Affluent Market Insights released by Millionaire Corner. US millionaire population rose by 200,000 to 8.2 million in 2011, up significantly from … Read more
The offending bag from last year’s The Hangover II movie Louis Vuitton luxury house is asking for compensation over the use of the “Lewis Vuitton” bag in Warnes Bros’ “The Hangover Part II” (2011, USA, directed by Todd Phillips), which grossed £367m and is the most successful R-rated comedy of all time at the global box … Read more
France accounts for about 8 percent of the total annual luxury-goods sales, according to consultant Bain & Co. French election frontrunners President Nicolas Sarkozy and Socialist candidate Francois Hollande have both pledged tax increases. The measures may damp the feel-good factor, a driver of luxury-goods consumption, as has happened elsewhere in Europe, according to CA … Read more
The market for so-called super-yachts is still buoyant in Middle East The last Dubai Yacht Show, Middle East’s biggest boat show, proved that the luxury yachts continue to grow more super. “We’ve never sold as many super yachts as in the last three years,” Erwin Bamps, chief operating officer of Gulf Craft told the BBC quoted by … Read more
According to The European Fine Art Foundation (TEFAF), in 2011 China finally overtook the United States to become the world’s largest art and antiques market in terms of auction and dealer sales, reports BBC. China’s art auction market generated US$60.8 billion and accounted for 30 percent global market share. The US dropped into second place last year with … Read more