Vivre à la française: Qatar Holding investment in LVMH raised at 1.03% Sovereign wealth fund Qatar Holding made a new investment in French luxury sector. The gas-rich emirate which has a participation in London department store Harrods, aquired a stake of slightly more than 1% in French luxury goods group LVMH Louis Vuitton Moet Hennessy. … Read more
Hublot, the Swiss watch brand owned by LVMH Moet Hennessy Louis Vuitton, unveiled at 2012 Baselworld Fair the world’s most expensive watch with a price tag of $5 million and inlaid with more than 1,200 diamonds, including six stones of more than 3 carats each. The watch was made by 17 people in 14 … Read more
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