Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
UK manufacturing skills a lure for luxury brands The last fifteen years have seen a dramatic fall in UK manufacturing as emerging markets have become more competitive. Oxford Economics estimate that the value of UK fashion manufacturing has fallen by two-thirds since 1995. More recently, however, some companies have started to see the benefits of … Read more
World’s first Muslim modeling agency to target Gulf talent Bringing Muslims to mainstream – covered is the new couture Designers Victoria Beckham have used Islamic influences in their latest collections for 2012 and Muslim models Hanaa Ben Abdesslem from Tunisia and Hindi Sahlial from Morocco have had success on the New York catwalks. Muslim fashion … Read more
Berlin has its first Giorgio Armani boutique. Located on the famous Kurfürstendamm, at the corner of Wielandstrasse, the boutique covers over 370 square meters on one floor. The luxury brand say it is the first European Giorgio Armani store to reflect the style of the Giorgio Armani boutique in the Roppongi Hills area of Tokyo. … Read more