Luxury retailer Georg Jensen sold to Investcorp Teaming up with luxury sector entrepreneur David Chu, to cultivate a leading global luxury brand Scandinavia’s leading luxury retailer Georg Jensen, founded by the eponymous Danish designer in 1904, was sold to Investcorp group for $140 million. As part of this transaction, Investcorp has teamed up with David … Read more
LVMH will train its managers from Singapore, Hong Kong and Shanghai in the first managerial training center outside Europe opened in Singapore. The LVMH Asia Pacific Talent Development Centre, located in Ngee Ann City on Orchard Road, is a 6,000-square- foot facility building with training rooms, as well as displays of flagship luxury products from … Read more
MB&F opens First Chinese store in Beijing MB&F’s “horological machines” are now available in Beijing, in ParkLife Beijing Yintai Centre, in the heart of the city’s business district.ParkLife Beijing Yintai Centre houses luxury brands, exclusive bars and restaurants and a landscaped roof garden. Swiss watch manufacturer MB&F opened its very first MB&F Boutique in Beijing, in … Read more
Harry Winston says not in active talks over luxury brand sale In response to recent media reports, Harry Winston Diamond Corporation, the diamond enterprise with premium assets in the mining and retail segments of the diamond industry, confirmed that it has received various indications of interest regarding a potential purchase of its luxury brand segment, … Read more
Qatari Investment Fund Could Be Interested in Versace Qatar has used its wealth from oil and natural-gas exports to buy all kinds of assets in safe-haven countries. The investment strategy by the nation’s sovereign-wealth fund includes London luxury store Harrods, luxury hotels in France or luxury brands & real estate. A Qatari investment fund is … Read more
Chinese luxury spend Set to accelerate Asian ultra high net worth (UHNW) individuals wealth is expected to grow by 7.9% annually for the next five years with China contributing to the bulk of this growth, according to the Wealth-X World Ultra Wealth Report 2012- 2013, a provider of detailed intelligence on ultra high net worth … Read more