Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Online Shopping Grows Slowly in Brazil Brazil has clearly embraced the online universe, with one in every three people having access to the Internet. But that figure is not translating into online luxury sales for social and economic reasons. “The market is still very much on the initial phase of development,” says Carlos Ferreirinha, the … Read more
Brioni bought by PPR luxury and retail group In order to strengthen its position in the high-end menswear market, PPR luxury group will acquire Italian men’s fashion brand Brioni. Zegna and Eurazio, the French private-equity firm, had also talks with the Bond suit-maker about a potential offer, but PPR is the winner of this contest. … Read more
Forget the BRIC countries – travel soon will be all about the SLIMMA Although conventional wisdom suggests we’ll be heading to Brazil, Russia, India and China (the BRIC countries) more and more — the hottest vacation destinations in the coming years could be the ‘SLIMMA’ bloc, according to a new report. At this week’s , … Read more
Press Release A new series of Luxury Brand Status Index (LBSI) surveys from the independent and objective New York City-based Luxury Institute reveals firsthand impressions and rankings of dozens of luxury brands by high net-worth consumers from the United Kingdom, France, Germany and Italy. Wealthy European shoppers evaluated each brand on quality, exclusivity, social status … Read more
Dominating the heart of the city, The Ritz-Carlton, Hong Kong takes center stage as the world’s highest hotel. Located on the 102nd- 118th floors of the International Commerce Centre, this distinctive luxury hotel’s Hong Kong location offers stunning city and Victoria Harbour views, as well as a soothing retreat from the hustle and bustle of … Read more
French luxury brand Hermes said on Friday it was on track for record sales this year amid “remarkable growth” in Asia and the Americas, as it announced an 18 percent rise in third-quarter sales. “We are going to beat the 2.4 billion euros in sales of 2010,” Hermes boss Patrick Thomas told AFP after the … Read more