Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
The Dubai International Boat Show celebrates its 20th anniversary this year with a total of 750 exhibitors from over 40 countries. The high-end event (from March 13 – 17, at the Dubai International Marine Club) has become a ‘must-attend’ in the calendars of big spenders across the region. Last year the Dubai International Boat Show … Read more
The growing number of foreign visitors brought South Korea a boom in medical tourism, namely people travel to the country for medical purpose as tourists. South Korea‘s government data showed that more than 110,000 foreigners flocked to South Korea for medical services in 2011, up about 35 percent from a year before. South Korea’s revenue … Read more
The big brands at London’s Harrods are known to attract large crowds on a daily basis, which makes it an ideal spot for Apple to launch its iPad 3 overwhelmingly hyped tablet. If the rumours from sources within Harrods are to be believed, expect the Cupertino chain of stores coming to Harrods in mid-March. This … Read more