Luxury trunk maker Louis Vuitton Malletier will open an innovation terminal in Beaulieu-sur-Layon, at twenty kilometers south of Angers (Maine-et-Loire). The hub of leather goods will be a highly innovative research and innovation pole in the leather trades and could eventually employ about 400 professionals. The Beaulieu-sur-Layon commune was chosen due to the existence of a … Read more
All sectors of the global luxury market are forecasted to grow in 2012, reinforcing the organic growth of 2011. China is the fastest growing market, accessories the best performing categories. Leather goods, Shoes and Accessories and Hard Luxury (Jewelry Watches) are the sectors with the highest expected growth ratio, according to Altagamma Foundation, which monitors … Read more
Nordstrom Ranks First in Luxury for Wealthy Shoppers; High-End Retailer Earns Top Scores on Multiple Measures of Customer Experience and Loyalty Wealthy U.S. shoppers earning at least $150,000 a year rank Nordstrom highest among luxury retailers in the 2012 Luxury Consumer Experience Index (LCEI) survey by the independent New York-based Luxury Institute. LCEI … Read more
The St. Regis Doha set to be Home of Jazz in the Middle East Starwood Hotels & Resorts Worldwide announced the debut of The St. Regis Doha. This opening marks the second of three St. Regis hotels slated to debut within a year in the Middle East, including The St. Regis Saadiyat Island Resort, Abu … Read more
The arrival of summer is the best excuse to discover or rediscover the delicious sorbets and ice cream flavors of Pierre Hermé. From the most usual perfume to the most complex one, via the “ice cream cookie”, more commonly called “Miss Gla’Gla“, the frozen treats are available in dozens of variants. “I enjoy exploring contrasts … 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