Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH has acquired a 10 per cent stake in China fashion maker Ochirly French luxury giant LVMH has acquired through private equity arm L Capital, a 10 percent stake in mainland fashion maker Ochirly. The deal is worth US$200 million. Ochirly, established in late 1990s, currently operates about 200 retail outlets across the mainland and … Read more
Luxury brands have continued to enjoy strong sales despite world economic concerns. French luxury group Hermes said to AFP it posted record sales of 2.8 billion euros in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. French luxury goods giant LVMH said last week it had enjoyed a … Read more
Regent Porto Montenegro Hotel to open in May 2014 Regent to Open Luxury Hotel in Montenegro in 2014 – Superyacht Marina Village of Shops, Residences and Restaurants to Feature New Waterfront Hotel Regent turns its focus to Europe. The hotel group will open a luxury bespoke hotel in Porto Montenegro in May 2014. Located directly … Read more
355 Meter Hotel Scheduled to Open in Q4 2012 JW Marriott Marquis Dubai is set to establish Dubai on the global conference market landscape 1,608-room JW Marriott Marquis Dubai will open its doors in Q4 this year. At a height of 355 meters (1,164 feet), the JW Marriott Marquis Dubai is the tallest dedicated hotel … Read more
De Beers produces more than a third of the world’s rough diamonds from mines in South Africa, Botswana, Namibia and Canada
Aston Martin To Debut China-Only Dragon88 Models At Beijing Auto Show Now operating six dealerships in mainland China, Aston Martin recently projected that China will become its third-largest market, trailing only the U.S. and U.K., within only a few short years. The British automaker has announced that it will debut its own China-focused “Dragon88″ line … Read more