Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
France’s Hermes loses China trademark fight Foreign companies are having trouble in China over trademarks and unauthorised use of their names. The examples include Apple, basketball legend Michael Jordan and, more recently, French luxury group Hermes International. French luxury producer Hermes, which is known as “Ai Ma Shi” in China, has lost a lawsuit against … Read more
How to Distinguish Between Perigord Black Truffles and Chinese look-a-like black Truffles Truffle retailer, Mirepoix USA, recommends consumers educate themselves about the differences between the prized Perigord truffle and the Chinese look-a-like black truffle. Perigord black truffles, one of the most expensive food in the world, are threatened by an influx of Chinese truffles masquerading … Read more
Continued demand for accessible luxury fashion Interest is strong for luxury automobiles In partnership with Luxury Society, the world’s largest community of luxury executives, Digital Luxury Group (DLG) has deciphered the top 50 most-searched for luxury brands in the United States in 2011. It will be very interesting to compare the result with a similar … Read more
Chinese e-commerce platform Shouke Limited is set to be acquired by the London-based luxury online retailer Net-A-Porter.com, marking that company’s first major foray into the China market. The members-only Shouke shopping website was only one of many well-capitalized luxury e-commerce platforms to spring up in China in the last couple of years, and the country’s … Read more
Designer Stefano Pilati will present his last collection for Yves Saint Laurent fashion house on March 5. Yves Saint-Laurent confirmed that Italian designer was quitting but did not name his successor. “The house will disclose the name of the new creative director in the coming weeks,” a company statement said. Designer Hedi Slimane, who had … Read more
This year, Artprice’s annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world focused particularly on China’s successful conquest of the global art market. In spite of the sword of Damocles hanging over the West, art in fact sold better in 2011 than at any other time … Read more