Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Downward shift in luxury consumer attitudes at the start of 2012 signals shift toward ‘inconspicuous’ consumption that minimizes ostentation Media reports of a ‘renaissance’ in the luxury market appears to be limited to an extreme top tier of consumers, a small number compared with the bulk of the luxury marketplace potential, says the latest Unity … Read more
Moët-Hennessy To Produce Red Wine In China, For China In response to growing consumer demand, luxury giants are investing in the China wine market Luxury giant LVMH announced that it has invested in a vineyard in the mountains of Yunnan province, southwest China, to develop its own 30 hectare vineyard. The project will produce red … Read more
Poison Kiss: Hundreds of Lipsticks Contaminated With Lead, Reports New FDA Study Lipstick is a product used by millions of women of childbearing age who are unaware that they may be building up their blood lead levels each time they apply lipstick. A new analysis of lead in lipstick conducted by the U.S. Food and … Read more
Worldwide Cost of Living 2012: Mature markets still the most expensive Zurich, Tokyo, Geneva, Osaka and Oslo are the most expensive cities in 2012 Muscat, Dhaka, Algiers, Kathmandu and Panama are top 5 least expensive cities For the first time in at least two decades of Economist Intelligence Unit reporting the worldwide cost of … Read more
Yoox CEO Federico Marchetti Expects Profitability to Increase in 2012 Italian internet mail order luxury retailer Yoox expects profitability to Increase in 2012. Yoox climbed 8.6 percent, the most in more than eight months, in Milan trading on Feb. 9 after reporting a 36 percent increase in 2011 revenue that exceeded analysts’ estimates. North America … Read more
L Capital, the private equity arm of LVMH has bought the 8 percent stake held by Wolfensohn Capital Partners in unlisted Indian ethnic wear chain Fabindia, two sources with direct knowledge of the matter said to reuters. Fabindia is India‘s largest private platform for products that are made from traditional techniques, skills and hand-based processes. … Read more