Global luxury goods sector remains resilient, despite tougher consumer market, according to a new Deloitte report. The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in the global economy. The average size of the … Read more
As consumer demand for logo-embossed luxury products has waned, LVMH declares it is is well-equipped to continue its growth momentum. After Tod’s disappointing figures released last week, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €29.1 billion in 2013, an increase of 4% over the previous year. The luxury … Read more
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. The luxury conglomerate continued to experience good momentum in the US and Asia, … Read more
Loro Piana, the leading luxury and high-end cashmere specialist in the world, sold a majority stake of their family business to the LVMH luxury Group (LVMH Moët Hennessy Louis Vuitton). Sergio and Pier Luigi Loro Piana family remain 20% shareholders and keep their functions at the leadership of the company. The Loro Piana family began … Read more
Rising asking prices and heavy foot traffic in Manhattan’s high profile shopping corridors make the Manhattan retail real estate sector one of New York City‘s most robust, according to The Real Estate Board of New York’s (REBNY’s) Spring 2013 Retail Report, a report compiling data about asking rents for available space provided by a broad … Read more
Americana Manhasset Presents Technology of Movement 8th Annual Concours D’Elegance 8th Annual Americana Manhasset Concours d’Elegence (on Sunday, October 14), one of New York’s premier luxury car events, is featuring this year 200 rare, privately owned cars that compete for Best in Show as well as Best in Class titles. The 2012 event is … Read more