Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Importing aircraft into China is a cumbersome process, and buyers must pay a 5 percent customs tax in addition to a 17 percent value-added tax. But There Hong Kong has no tax on imports of private jets. “Owning an aircraft in Hong Kong is a lot simpler than in China,” Chris Buchholz, Hongkong Jet Chief … Read more
During the Opening Ceremony of February edition of Milano Unica International Textile Fair, Executive Director of the Altagamma Foundation, Italy’s luxury goods trade association, Armando Branchini, presented the forecasts on the sales trends of personal high end products as formulated by the top management of the biggest luxury retailers in the world. According to Chairman … Read more
Altagamma, Italy’s luxury goods trade association, said in a February statement that it expected the global sector to grow modestly in 2012 on the back of strong consumption in Asia and better prepared businesses. Gianluca Brozzetti, Chief executive of Italian fashion house Roberto Cavalli sees a difficult 2012 year for luxury industry in Europe. “The … Read more
Sofitel Mumbai BKC – A glistening beacon of sophistication, grandeur and French art de recevoir Sofitel Luxury Hotels announces the opening of its first hotel in India, Sofitel Mumbai BKC, a location that is blending French elegance with Indian culture, The landmark hotel is located in the heart of Mumbai’s business district within the Bandra … Read more
80 percent of French fashion house Sonia Rykiel, one of the last family controlled French fashion houses, was bought by Hong Kong investment firm Fung Brands. This partnership will boosting the brand’s global presence and will double Sonia Rykiel’s sales in the next five to six years. The fashion house’s sales stagnated in 2011 after … Read more
More than 12 Bordeaux chateaux – in various stages of acquisition by Chinese investors In and around French wine region Bordeaux, more than 12 chateaux are in various stages of acquisition by Chinese investors, according to the Bordeaux Chamber of Commerce (CCIB), which operates a China desk to assist would-be investors in the region. Chateau … Read more