Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
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
Steep taxes on luxury goods in China forced Chinese shoppers to head overseas to pick up the latest fashions or other luxury items. Chinese consumers traveled also because they had a wider choice of goods available overseas. A recent survey by business research and consulting firm Frost & Sullivan quoted by AFP has predicted that … Read more
London Luxury-Home Prices Rise as Foreign Buyers Seek Haven Luxury-home prices in central London gained for the 15th consecutive month in January as overseas investors seeking to protect their wealth competed for the few properties for sale, the London-based broker Knight Frank LLP said to Bloomberg. Values of houses and apartments costing an average of … Read more
Brunello Cucinelli Files for IPO in Milan Cashmere maker follows peer Salvatore Ferragamo, which listed its stock in Milan on June 29. Brunello Cucinelli, founder and owner of the company, said he had filed a request with regulators to list a third of his company’s stock in Milan despite the difficult market conditions that have … Read more