Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH bought 100% stake in ArteCad, a Swiss watch dial manufactory Swiss watch dial manufactory ArteCad was bought out by LVMH. The luxury group had no previous financial interest in the company, from two private owners. The Swiss watch dial manufactory was founded in 1885 and employs 215 people. It produces 350,000 dials a year, … Read more
LVMH found an innovative way to find out what they need to know about their target markets in the future. THe luxury group have designed a series of ten events to explore the Future of the Luxury Industry in ten different cities of the world. The purpose of these one day events is to picture … Read more
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