Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
LVMH Snaps Up Crocodile Goods Firm French luxury giant LVMH Moet Hennessy Louis Vuitton plans to buy a controlling stake of crocodile-skin-goods business Heng Long through an initial S$160.8 million ($123.8 million) offer for the company. Heng Long is one of the five top-tier tanneries of crocodilian leather in the world, with an entrenched position … Read more
Luxury Institute’s trends for 2012: The luxury industry players are asking the same question: How much will last the relative growth registered in 2011? Luxury Institute, after an actionable research with wealthy consumers, presented its annually report on trends that all luxury brands should follow the next year: 1. The Annual Luxury Brand Check-Up Emerges … Read more
Out of public eye, Arab women power haute couture The trend may surprise given that many Arab women, particularly in the Gulf region, are traditionally kept under wraps. But their social calendar, which usually consists of 15-20 weddings a year and private parties every month, creates much bigger demand for couture than the occasional charity … Read more
Interbrand, a leading brand consultancy, released its Best Global Brands report for 2011. The report is based on a unique methodology that analyzes three key aspects that contribute to a brand’s value: the financial performance of the branded products or services; the role of brand in the purchase decision process; the strength of the brand … Read more
Around two-thirds of the most expensive corporate hospitality packages for the 2012 London Olympics have yet to be sold, although organisers said they were confident of finding buyers for the rest despite the gloomy economic outlook. Prestige Ticketing Ltd, the company with sole corporate hospitality rights inside the Olympic venues, said it had sold 30-40 … Read more
Luxury brands stalk Bond’s outfitter Suitors are stalking luxury Italian brand Brioni – known for dressing James Bond 007 and presidents including Barack Obama. Zegna, an Italian luxury brand, PPR, one of France’s biggest luxury houses, and Eurazeo, the French private-equity firm, are all known to have had recent talks with the Bond suit-maker about … Read more