Champagne sales increased significantly in volume in 2011, with emerging markets like Russia and China fuelling growth. In anticipation of rising global demand for Champagne, Moet & Chandon is undertaking a major expansion of its production facilities, reports decanter. The company has been focusing on the construction of a new winery at its existing press … Read more
Forbes began the pursuit of the world’s billionaires 25 years ago. The first cut yielded 140 names. This year the magazine have counted an all-time high 1,226 billionaires worth a record $4.6 trillion. Carlos Slim tops Forbes billionaires list at $69 billion. There are now billionaires from 58 countries. The U.S. is still home to … Read more
Indonesia to be largest luxury market in SE Asia: LVMH Indonesia will become the largest luxury market in southeast Asia over the next few years, Ravi Thakran, LVMH`s head for South Asia, South East Asia and Middle East told CNBC. According to Thakran, Indonesian consumers currently buy their luxury goods mostly from Hong Kong and … Read more
Moët-Hennessy To Produce Red Wine In China, For China In response to growing consumer demand, luxury giants are investing in the China wine market Luxury giant LVMH announced that it has invested in a vineyard in the mountains of Yunnan province, southwest China, to develop its own 30 hectare vineyard. The project will produce red … 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
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