IWC Schaffhausen teams up with MERCEDES AMG PETRONAS The MERCEDES AMG PETRONAS Formula One Team announced a new partnership with IWC Schaffhausen, with the Swiss watch manufacturer becoming the Official Engineering Partner of the team from January 2013. The link between IWC Schaffhausen and AMG, the performance brand of Mercedes-Benz, dates back to 2004, when they reached … Read more
The secretive land-buying in foreign countries in the last decade became a major trend that involved governments, private and public companies. According to a report published by the Land Matrix project, the drive for land acquisition is a global trend that already has considerable impacts. The database on which the report is built, the largest … Read more
Estée Lauder Companies Third Quarter Earnings Per Share Rise to $.38, before Restructuring Activities Underlying Sales Growth Remains Solid For the quarter, The Estée Lauder Companies reported net sales of $2.25 billion, a 4% increase compared with $2.17 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales increased 5%. … Read more
South Pole: The British Antarctic expedition 1910-1913 limited edition book on sale for $3,000.00 Assouline’s “South Pole: The British Antarctic expedition 1910-1913” book is a luxury hand-bound over-sized waterproof limited edition that presents the well-documented journey through stunning black-and-white photography. The 150 copies of the book with foreword signed by Prince Albert of Monaco and … Read more
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
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