Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
Turkey Car Tax Rise Means $943,000 for a Bentley Turkey Imposes also special Consumption Tax on Game Boards Turkish sales of luxury vehicles with large engines will drop at least 70 percent after the government increased the special consumption tax, Hurriyet Istanbul-based newspaper reported. It is expected that the sales of vehicles with engines up … Read more
The hatmaker of the British Monarchy bought by Liberty (BlueGem Capital Partners) Upmarket London department store Liberty has purchased Christy’s, maker of ‘fine hats’ to luminaries as diverse as Winston Churchill and Johnny Depp. The hat maker, synonymous for its Trilbys, Fedoras and Ecuadorian Panamas, was established in 1773 and is the first addition as … Read more
Luxury sellers look to Latin America Latin America is viewed as a growth market for luxury products, said media and marketing executives who attended the Festival of Media Latam in Miami Beach. As growth in mature markets around the world slows and disposable income increases in Latin America, “now all the luxury brands need Latin … Read more
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