Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.
MILLENIUM STAR: the most precious fabric in the world Three fine thread of 1/330’s Giza 45 cotton, the most valuable in the world were united by David & John Anderson (founded 1822) to form one yarn of 3/330’s: the most precious in the world, thanks to the work in triple-fold, a sophisticated technique which confers … Read more
Qatar now world’s richest nation, says IMF Qatar, the world’s largest exporter of liquefied natural gas, surpassed Luxembourg as the world’s richest nation in 2010, according to the latest estimates from the International Monetary Fund. The IMF estimates the Gulf nation will have the world’s fastest-growing economy for a second year. Qatar has a population … Read more
Tom Ford opens women’s store in luxury-loving Russia Fashion designer Tom Ford has opened his first women’s clothes store in Moscow, giving a confidence boost to Russia’s reviving luxury goods market. The 50-year-old Ford said he was not phased by the prospects of another economic recession in Russia, which previously ranked as the fourth-largest buyer … Read more
Booming China is number one Bordeaux importer According to figures released by the Bordeaux Wine Industry Association (CIVB), last year China surpassed Germany to become the world’s largest importer of French Bordeaux wines in terms of wine volume as well as transaction volume. Mainland China now buys some 10 percent of all exports from the … Read more
Greece issues are reviving the sale of famous Greek islands. One of the sellers is Sheikh Hamad bin Khalifa Al Thani, Emir of Qatar, who has shown willingness to buy two islands in the Ionian Sea, including the island of Scorpios, owned by Aristotle Onassis. Scorpios Island, the island where took place the wedding … Read more
Getting Mercedes engineers to help may seem natural for anyone who wants to build a luxury car. So that is exactly what Carlos Ghosn has done – even though he is in charge of two rival carmakers, the alliance partners Renault and Nissan. Mr Ghosn is also the ultimate head of Nissan’s luxury car subsidiary … Read more