Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more
Designer, who has faced protests over his pay, is due to hand over day-to-day running of the luxury goods retailer next month
China has seen an incredible increase in tourism, particularly among luxury travelers. St. Regis luxury hospitality chain is meeting the demand with a new high-end hotel. St. Regis Hotels & Resorts announces the highly-anticipated opening of The St. Regis Shanghai Jingan, marking the renowned luxury brand’s ninth hotel in the Greater China region. Situated on … Read more
Luxury brand suffers slowdown in US, Hong Kong and the Middle East – with rally in the pound also likely to hit UK sales
Coty is expanding its presence in luxury cosmetics and the global position in luxury fragrances with a new acquisition. Coty enters strategic partnership with Burberry, acquiring exclusive long-term license rights for Burberry Beauty Luxury Fragrances and Cosmetics. This week, Burberry announced the new Mr. Burberry Eau de Parfum. An intense interpretation of the original fragrance, … Read more
On the 20th of February, The House of Givenchy was celebrating the 90th birthday of Monsieur Hubert de Givenchy, the luxury brand’s founder and constant inspiration. In 1952, Hubert James Taffin de Givenchy created the Couture House in Paris and gained immediate international recognition. His creative heritage has remained ever since, anchoring the House in … Read more