China Set To Overtake India As Top Gold Market Sales of gold are so relatively unaffected by the economic situation, unlike so many other commodities. India and China continue to believe in both the intrinsic and emotional value of gold jewellery which explains why overall global jewellery demand was resilient despite high gold prices, difficult … Read more
2011 U.S. Wine Exports, 90 Percent from California, Reach New Record of $1.4 Billion U.S. wine exports, 90% from California, reached a new record of $1.39 billion in winery revenues in 2011, an increase of 21.7% compared to 2010. Volume shipments were up 5.8% to 455.7 million liters or 50.6 million nine-liter cases. “The quality, … Read more
L Capital, the private equity arm of LVMH has bought the 8 percent stake held by Wolfensohn Capital Partners in unlisted Indian ethnic wear chain Fabindia, two sources with direct knowledge of the matter said to reuters. Fabindia is India‘s largest private platform for products that are made from traditional techniques, skills and hand-based processes. … Read more
Embraer delivered a Legacy 650 aircraft to world-renowned celebrity Jackie Chan for the Chinese market. Liveried with his iconic dragon logo, the aircraft provided an auspicious beginning to the Year of the Dragon in his home country. Jackie Chan, Embraer’s Brand Ambassador, will assist Embraer in promoting its entire line of executive aircraft, not only … Read more
LVMH has acquired a 10 per cent stake in China fashion maker Ochirly French luxury giant LVMH has acquired through private equity arm L Capital, a 10 percent stake in mainland fashion maker Ochirly. The deal is worth US$200 million. Ochirly, established in late 1990s, currently operates about 200 retail outlets across the mainland and … Read more
De Beers produces more than a third of the world’s rough diamonds from mines in South Africa, Botswana, Namibia and Canada