Business

Gain a better understanding of the luxury market. Find out the latest news from the luxury business sectors – openings, launches, financial situations, buyings.

The world leading luxury wines division of LVMH acquires acclaimed wine property in California

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The Next Chapter of Joseph Phelps Vineyards Moët Hennessy, the world leading luxury wines and spirits division of LVMH, is pleased to announce the addition of Joseph Phelps Vineyards to its portfolio. This acquisition follows Moët Hennessy’s development strategy, which aims to satisfy its consumers and distribution partners’ aspirations with an increasingly diversified and comprehensive … Read more

65% of Luxury Consumers Take Into Account High-End Brands’ Sustainable Commitments When Deciding on Purchases

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Luxury companies are uniquely positioned to help create a better world, say Comité Colbert x BCG. To understand what lies ahead for the luxury industry, Boston Consulting Group (BCG) partnered with Comité Colbert, the France’s luxury authority, to survey luxury sector consumers and interview numerous experts and leaders across the space. The companies identified five … Read more

North America consolidated its status as the world’s leading billionaire region, says Billionaire Census 2022

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New Billionaire Census reveals wealth accumulation far surpassed population growth in 2021. Altrata, a global leader in data-driven people intelligence, released the Billionaire Census 2022. Powered by Wealth-X data, the ninth edition of this report reveals the global billionaire population rose by 3.3% to 3,311 individuals in 2021, with total wealth surging by 17.8% to … Read more

Web3, Climate Tech and boutique health brands set to go mainstream. 2022 Breakthrough Brands Report

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“It’s all about systems change – whether it is to decentralize the internet, demystify healthcare, or decarbonize the planet, these brands are laying the groundwork for the next decade.” – Naeiri Zargarian, Strategy Director at Interbrand New York. World’s Leading brand consultancy Interbrand launched its 2022 Breakthrough Brands Report – with Web3, Climate Tech and … Read more

Top 10 countries gaining and losing millionaires in 2022

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Top 10 countries for net inflows of HNWIs in 2022. By the end of the year, 88,000 millionaires are expected to have relocated to new countries. UAE expected to overtake it by attracting the largest net inflows of millionaires globally in 2022, according to the latest Henley Global Citizens Report, which tracks private wealth and … Read more

Top three countries demonstrating the highest future growth potential globally. Frost Radar for Economic Development

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  The top 3 countries are demonstrating strong innovation capabilities across education, healthcare, and environment-related priorities, according to Frost & Sullivan’s Frost Radar™ for Economic Development. Frost & Sullivan recognizes the United States, Norway, and the United Kingdom for moving in the right direction and demonstrating the highest future growth potential globally. Based on macroeconomic … Read more