Hermes Wins $100 Million Damages From Counterfeit Websites Hermes wins a lawsuit against 34 websites that sold fake copies of its luxury goods. The judgment includes $100 million in damages. The websites, which didn’t defend themselves in court, sold items that infringed upon at least nine Hermes products including Birkin and Kelly handbags, wallets, watches, belts … Read more
Strong first quarter: Daimler increases Group EBIT to €2.1 billion Daimler AG achieved EBIT of €2,130 million in the first quarter of 2012, which is slightly higher than the high prior-year level (Q1 2011: €2,031 million). Net profit increased by 20% to €1,416 million (Q1 2011: €1,180 million). “We have started the year with a … Read more
Asia’s 50 Best Restaurants list to launch from Singapore in 2013 From 2013, World’s 50 Best Restaurants Awards, the most credible indicator of the best places to eat on Earth, will have an Asian version. To celebrate the rise of the fine dining scene in Asia, organizers have announced the launch of the awards … Read more
Hospitality Design Magazine Awards Crystal First-Ever Cruise Design Award Crystal Cruises’ largest ultra-luxe ship, Crystal Serenity, has won its seventh award since undergoing a $25 million “Extreme Makeover” redesign last year: Hospitality Design (HD) magazine’s “Judges Award for Distinctive Cruise Design.” This is the first time a cruise line has ever been recognized in the … Read more
Nokia in talks to sell luxury Vertu unit-source Last December, Nokia, once the world’s dominant mobile phone provider, unveiled its plans to dispose of “non-core assets” and signalled its intention to sell the luxury arm Vertu. The cellphone maker talks with private equity group Permira were at an advanced stage on a possible sale which … Read more
Design Museum in London pays homage to Christian Louboutin, the go-to shoemaker for society’s well-heeled