Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
ModeWalk.com Attracts $1.8 Million in Series A Financing to Offer the Most Immersive Luxury Shopping Experience Online Luxury Shopping site ModeWalk.com attracted over $1.8 million in funding led by Merus Capital with additional investments from prominent Silicon Valley angel investors and luxury industry executives. This Series A financing is designed to accelerate development of technology, … Read more
Premier hospitals are part of an international competition for wealthy patients willing to pay extra. The New York Times reports that many American hospitals offer a V.I.P. amenities floor with a dedicated chef and lavish services, from Johns Hopkins Hospital in Baltimore to Cedars-Sinai Medical Center in Los Angeles, which promises “the ultimate in pampering” … Read more
Al Habtoor to build $1.3bn Dubai hotel and leisure complex Extra rooms on the Dubai hotel scene UAE-based conglomerate Al Habtoor Group has unveiled ‘Habtoor Palace’, a US $1.33 billion hotel and theatre mega-project to be built on the 1 million sqft site of the Metropolitan Hotel, one of the emirate’s oldest properties. The three … Read more
Chinese brands are shifting their resources from TV to the digital space. There has been a 200% year on year growth for online video advertising in China, according to iResearch, which is set to grow further after The State Administration of Radio, Film and Television ban for commercials during television dramas came into effect this … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
According to news weekly Der Spiegel and AFP, the Europe’s biggest automaker Volkswagen, which owns 49.9 percent of Porsche, may buy the 50.1-percent stake in the manufacturer of the iconic 911 car for 3.9 billion euros ($5.0 billion) in 2012. Porsche has built up massive debts as it looked to seal a tie-up with VW … Read more