Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
This London Fashion Week, starting 17th February 2012, the British Fashion Counci (BFC) continues to unite fashion and digital innovation, encouraging engagement with this global fashion showcase through social media, live streaming and pioneering new technologies. The digital schedule is the strongest yet: 44 shows will be live streamed – 22 from the The Courtyard … Read more
Ford Shelby Mustang GT500 at Chicago Auto Show Ford introduces the Shelby Mustang GT500 convertible during the media preview of the Chicago Auto Show at McCormick Place on February 8, 2012 in Chicago, Illinois. The burliest Mustang loses some weight and gains 10 hp and an optional track-focused package for 2011. Watch also the Lexus … Read more
Want to rent a village? Yours for just $60,000 Renting a whole village is the latest initiative village authorities are using to drum up some much needed cash and the Liechtenstein-based firm Xnet offer has already attracted the interest of many large global firms, including Agip, AEG, Hyundai, Siemens and Wyeth Pharma. Previous events include … Read more
Empire State Building owner files for $1 bln IPO Empire State Realty Trust, owners of the iconic Empire State Building, filed to sell up to $1 billion of its Class A common stock, giving ordinary investors a chance to own a piece of the building that has been fought over by billionaires. Like a slew … Read more