Damac Group, the Dubai-based parent group of Damac Properties, has acquired Swiss jewellery brand de Grisogono, further diversifying its holdings. The Dubai developer, which purchased Italian fashion house Roberto Cavalli in 2019, did not disclose the price of the deal. De Grisogono filed for bankruptcy in 2020. Its acquisition is part of Damac’s strategy to … Read more
UAE-based DAMAC Properties has announced that it has won the US $120 million bid to acquire land in the upscale Miami neighbourhood of Surfside. The Dubai-based developer plans to build an ultra-luxurious, CAVALLI branded condominium project. The property, on Collins Avenue, Miami, offers residents 200 feet of direct beach frontage and access to South Beach … Read more
The desire to travel is strong, and consumer and commercial demand for air travel, measured by flight bookings, accelerated meaningfully in early 2022. Could this be the start of travel’s long-awaited recovery? Cruises, buses and trains see strong spending rebound in 2022 as Covid restrictions loosen. Mastercard Economics Institute: Pent-up demand drives global leisure … Read more
On the occasion of the 95th anniversary of Charles Lindbergh’s historic 1927 New York to Paris flight, The Lindbergh Foundation, a global leader in balancing innovation and technology with the environment, and the XPRIZE Foundation, with the support of The Prince Albert II of Monaco Foundation and National Business Aircraft Association (NBAA) has announced an … Read more
Habanos announced an all-time record for the premium cigar category. Habanos breaks its record turnover, reaching 568 million dollars. Habanos, S.A. maintains its leadership position with 15% growth in 2021. Corporación Habanos has released its financial data for the 2021 financial year, in which it obtained a turnover of 568 million dollars, with a 15% … Read more
Four Seasons and Q Bayraq Real Estate Investments Announce Luxury Development in Doha Featuring Private Residences and Serviced Apartments at The Pearl-Qatar. All-new beachfront property will include expansive furnished suites and a full-range of on-site amenities for a personalized, residential-style experience and the best of luxury living. Leading luxury hospitality company Four Seasons Hotels and … Read more