Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
The rise of the super-rich in the BRIC countries, India’s terrible roads and nightmare traffic led to a high helicopter demand in India. That’s despite the cost of $1.5 million to $15 million per chopper. A joint venture of AgustaWestland and Tata announced that they’re building a new helicopter factory in Hyderbad to keep up … Read more
Foreign millionaires fled Zurich after tax change Two years after scrapping special tax breaks, the region of Zurich has lost nearly half its foreign millionaires. Of the 201 foreign residents who benefited from the tax breaks which the canton scrapped in early 2009, 97 have decamped to more favourable tax regimes, the region’s tax services … Read more
Baselworld 2012 (March 8th to 15th 2012 ) followed on from an excellent year that saw 29.8 million watches exported representing a total value of 19.3 billion Swiss francs. A unique and yet fairly logical economic case, since demand for luxury products continues to increase and the potential of certain emerging markets, including Asia and … Read more
Vivre à la française: Qatar Holding investment in LVMH raised at 1.03% Sovereign wealth fund Qatar Holding made a new investment in French luxury sector. The gas-rich emirate which has a participation in London department store Harrods, aquired a stake of slightly more than 1% in French luxury goods group LVMH Louis Vuitton Moet Hennessy. … Read more
Times Higher Education’s World University Rankings for 2011-2012 The gold standard in international university performance comparisons 2012 World Reputation Rankings, published by the London-based Times Higher Education magazine, presented its annual list of universities in terms of global prestige. Harvard University again topped the list, while the Massachusetts Institute of Technology and the University of … Read more
Fake Chinese Lafite will be eradicated within two years French wine maker Chateaux Lafite Rothschild has won six lawsuits against Chinese companies as nearly 70 percent of Chateaux Lafite in China is fake. The Chinese companies have been ordered to pay a total of at least US$126,984 in compensation, Chateaux Lafite Rothschild told Shanghai Daily. … Read more