Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
“Made in Italy Bye Bye!” read the headline of an editorial in Il Sole 24 Ore financial daily after the Chinese firm’s takeover of the world’s leading luxury yacht maker Ferretti. “Another bit of Made in Italy leaves” proclaimed the media highlighting Asia’s fast-growing taste for elegant opulence in contrast to crisis-stricken Western markets. As … Read more
Luxury carmaker Rolls-Royce enjoys record sales 2011 sales up 31 percent Rolls-Royce reported strong sales across the globe, with sales in the Asia Pacific region up 47 percent, North American sales rising 17 percent and Middle East sales up 23 percent. It also performed well in Britain, despite tough economic conditions, with sales up 30 … Read more
Luxury carmaker Bentley sales surge in 2011 Bentley sales surged last year on the back of strong performances in China and the United States, the world’s two biggest auto markets.Total sales of the German-owned British luxury carmaker soared 37 percent to 7,003 vehicles last year, said Volkswagen’s upmarket British-based division in a results statement. Bentley, … Read more
Spa trends for 2012: report 2012 will see an increase of historic wellness, quick fix treatments and branded spa experiences, says The Spa Association’s (SPAA) predictions. A large demographic of spa-going population is rapidly aging and requiring services that truly cater to very specific needs. While “Baby Boomers” are a demographic group they aren’t alike … Read more
Christian Louboutin to open first US store for men Red-soled footwear designer Christian Louboutin will open first US store for men next spring in New York. Last September Louboutin opened his first Paris boutique dedicated to men’s shoes. “The men’s shoes only represent a small portion of the business at present but we think it … Read more
Prince AlWalid bin Tala, Saudi media mogul and one of the world’s richest men invests $300m in Twitter Prince Alwaleed bin Talal, the chairman of Saudi Arabia’s Kingdom Holding Company (KHC) has invested $300m to buy a ‘strategic stake’ in popular social networking site Twitter. The Twitter deal had been the result of “several months … Read more