Jennifer Aniston became co-owner and hair care spokesperson in the Living Proof, a beauty company founded by world-renowned Biotech and Medical Scientists, a venture capital firm which “supports the translation of scientific discoveries into meaningful products”. According to the company, Aniston will actively help build the Living Proof hair care business. The actress’ role will … Read more
How leading global cities stack up against one another? Though New York and London lead cumulative scoring, emerging cities, including Beijing and Shanghai, are narrowing the gap within key economic indicators, according to the fifth edition of Cities of Opportunity released by PwC and the Partnership for New York City. While New York officially edges … Read more
LVMH: 22% Increase in Revenue for the First Nine Months of 2012 LVMH’s Beauty Sales Remain Strong LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the … Read more
In the new EU Industrial Policy strategy, published on 10 October, the European Union announces its intention to focus on creative industries, such as the European fashion, high-end, and luxury industry. “Given their economic significance, it is important to ensure that adequate policies are in place at EU level that take into account these business … Read more
Richemont acquired Varin-Etampage and Varinor (‘VVSA’) Richemont, the Swiss luxury goods group, has acquired 100 % of the capital of VVSA in a private transaction with the shareholder group. Based in Delémont since 1962, VVSA is a high-end manufacturer of stamped exterior components for watches, gold refiner and producer of semi-finished precious metal products destined … Read more
Microsoft-branded Windows 8 smartphone is on the way, rumors the market. The move would be along the lines of Microsoft’s Surface launch. Introducing a Microsoft-branded smartphone could be a way to jumpstart Windows Phone 8 in a crowded mobile OS marketplace, wrote TechRadar, though it wouldn’t necessarily represent a takeover of the hardware business enjoyed … Read more