Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Swiss aim to launch first space cleaner The Swiss Space Centre at the Ecole Polytechnique Federale de Lausanne (EPFL), a top science university, announced the launch of CleanSpace as the first installment of a family of satellites designed to clear up space debris. According to EPFL, “16,000 objects larger than 10 centimetres in diameter and … Read more
Manual work is suffering a crisis of vocation. This is happening due to poor fascination the artisans are able to exercise on boys & girls in the delicate moment of the choice of their career. Italian luxury association Altagamma Foundation initiated a project for the development and promotion of manual labor, called “Success on your … Read more
Jil Sander, a prolific German designer known for her innovative looks in the 70s, is returning to the label she created 40 years ago, fuelling industry speculation about the possibility that outgoing creative director Raf Simons could wind up at Dior. Japanese fashion conglomerate Onward Holdings, who owns Jil Sander fashion brand since 2008, said … Read more
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