Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
South Korea’s Samsung Group announced it would invest a record 47.8 trillion won ($41.56 billion) in 2012 and hire an all-time high of 26,000 new employees despite global economic gloom. The country’s largest conglomerate said in a AFP statement that despite the worldwide uncertainty it wants to expand future growth engines and contribute to the … Read more
Dior has yet to name a new chief designer — but sales are booming At Paris Fashion Week in September, Christian Dior‘s chief executive Sidney Toledano batted away questions about Galliano‘s succession, saying the fashion house would take the time it needs to find the right fit. Dior posted in October a turnover of 705 … Read more
Jean Paul Gaultier gets new boss Ralph Toledano, ex-ceo and chairman at luxury fashion house Chloé, was named new head of Jean Paul Gaultier, announced Spanish perfume and fashion group Puig. Ralph Toledano will now take over the Puig fashion division beginning January 30, and will initially run Gaultier, which Puig took over last year, … Read more
Wealthy Consumers From Seven Nations Define What Constitutes Luxury and How They Shop and Rank Brands; Superior Quality, Craftsmanship and Customer Service Remain Essential but Many Firms Fall Short New York City-based Luxury Institute released “Luxury Branding and Marketing: A Global Comparison of Wealthy Consumers in Top Markets,” a survey of wealthy consumers in the … Read more
Vacheron Constantin Says Watches for 2012 are Already Sold Out In the first two days of the 2012 SIHH watch fair in Geneva, Vacheron Constantin, the oldest Swiss watchmaker in continuous operation sold out all the production for the year. Vacheron Constantin expects to have a “great” year and to increase its revenue, though growth … Read more
Us Ambassador to China interviewed by Gary Locke. “China is an old civilisation and a new country constantly reinventing itself…with metropolitans from 5 to 10 million confident people, looking for the future… IP protection will become the success of China….” Chinese mind is so different than Western mind, it is brilliant from the US to … Read more