Nokia to sell luxury division VERTU Vertu, the luxury mobile phone division of the Finnish manufacturer Nokia, will be sold to allow the parent company to compete with Apple and other manufacturers of smartphones. The supervision of the Vertu sale was entrusted to Goldman Sachs, but the transaction is still in an early stage. Given … Read more
British Fashion Council (BFC) announces a brand new category for the British Fashion Awards, named the New Establishment Award. The new category will seek and recognise a particular movement in British Fashion that is taking the industry by storm. London’s New Establishment category is personified by its inaugural three nominees. These designers were selected for … Read more
The anti-thesis of exclusivity. How The Uncertain Economy Is Changing The Definition Of Luxury Luxury has taken on a multitude of new meanings. The last three recession years have created a dramatic shift in the definition of what luxury is. “Now luxury means products with higher perceived value and increased practicality. Demonstrating this is the … Read more
Designed for those customers deeply embedded in African and Middle Eastern cultures, the 2011 luxury Shisha waterpipe by Porsche Design reflects the iconic style credo of the Porsche Design luxury brand: purist design combined with high-end materials. A vision of simplicity, The Porsche Design Shisha is made in Germany and stands at a height of … Read more
L2’s inaugural study of European fashion brands reveals that the digital competence of the continent’s niche fashion brands lags that of their larger, more established global fashion peers. The ranking measures the digital aptitude of 46 European niche fashion brands with annual turnover between €25 million and €250 million. Brands were measured on 350 data … Read more
Because of demand from wealthy buyers taking advantage of tax privileges, Monaco maintained its title as the world’s most expensive luxury residential market for the fourth straight year. In recent study made by Global Property Guide, the world’s most expensive cities are still in Europe in spite the debt debacle and austerity measures imposed by … Read more