Business

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

Newest development in Miami is bringing the biggest trends in hospitality, wellness, luxury and lifestyle under one roof

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Accor hospitality group and Miami-based real estate developer RPC (Royal Palm Companies) will manage and operate Downtown Miami’s newest mixed-use tower, Legacy Hotel & Residences under the Morgans Originals brand. This news comes on the heels of Accor’s latest phase of expansion following its acquisition of sbe’s hotel brands and its planned joint venture with … Read more

Rocco Forte Hotels unveiled luxury brand’s first venture into high-end villa accommodation

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  Rocco Forte Hotels announced its first branded high-end villas. Verdura Resort, Sicily, Launched Twenty New Villas. April 2021 saw the launch of Rocco Forte Private Villas, the first 20 branded independent villas overlooking the sparkling bay of Verdura Resort, Sicily. The new luxury villas will guarantee ultimate privacy and security for those who seek … Read more

CNB Yacht Builders sold to Solaris

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Groupe Beneteau signed an agreement with the Italian yard Solaris to sell the CNB Yacht Builders brand. These two complementary yachting brands, driven by the same yard, will continue to set their own course. CNB yacht builders joins Solaris Yachts breathing life to the first worldwide excellence yard to build sailing yachts from 40 to … Read more

Saks OFF 5TH is Going Fur-Free

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  Saks OFF 5TH Commits to Going Fur-Free by End of Fiscal 2022. Saks OFF 5TH has committed to stop selling products made using animal fur through a phased approach by the end of fiscal 2022 on January 28, 2023. This includes both brand partner and private label merchandise sold online and in stores. “As … Read more

38 of the most prestigious watch brands gather for the biggest ever hybrid watch event

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  Watches and Wonders 2021 is open for the biggest watch event ever to take place online. The hybrid show includes a wealth of exceptional creations revealed by the 38 prestigious participating Maisons. Watches and Wonders 2021 opens a for a particularly intense edition that puts watchmaking in the spotlight for over ten days. The … Read more

Monaco remains the most expensive location to purchase property worldwide

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  Monaco holds onto top spot for most expensive residential real estate. International interest in Monaco was sustained throughout 2020 and luxury real estate expects to see a surge of demand for both sales and rentals once travel restrictions are lifted. Monaco remains the most expensive location to purchase property worldwide with an average price … Read more