After Barcelona and Valencia, both opened 2011, Chopard expanded in Spain with its third ...
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American hotel chain, Thompson Hotels, known for its contemporary luxury hotels in the US, ...
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Despite the negative impact of a strong Franc, Swiss watch exports reached a record 16 billion ...
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Talking to The Economic Times, Mr PRS Oberoi confirmed his company tapped renowned American ...
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World's leading luxury group, LVMH announced record results for 2011, with salea reaching ...
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Italian luxury house of Loro Piana, known for its iconic cashmere ready to wear and accessories ...
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Luxury brands from Facebook and short movies to old style promotion
26 January 2012
During the latest Paris Haute Couture Fashion Week, many were surprised to learn they were no longer on Chanel’s invitees’ list. Despite organizing two shows, the French maison opted for the usual location for the past years, the Grand Palais, however, the large scale of the décor would limit the number of seats in the audience. Much like in the days of Christian Dior ... read more
Romania, the best performing Eastern European luxury market in 2011?
20 January 2012
Valentino, Gucci, Alfred Dunhill, Max Mara, Burberry, Gerard Darel and Ermanno Scervino are some of the international luxury brands which have made headlines with developments in 2011, in Romania, the second largest E.U. market in Eastern Europe after Poland. Gucci inaugurated its mono-brand store in Romania in 2011 and so did Alfred Dunhill, Valentino and ... read more
An in depth look at the Indian Government recently revised policy on FDI in single brand retailing
10 January 2012
A press release issued today, by India’s Ministry of Commerce & Industry, Department of Industrial Policy & Promotion, clarifies the review of the policy on Foreign Direct Investment- liberalization of the policy in Single-Brand Retail Trading.
Present Position
Foreign Direct Investment (FDI), in retail trade, is prohibited except in ... read more
Strategic business opportunities across luxury industry sectors in 2012
07 January 2012
Beyond the ongoing financial and political turmoil in many parts of the word in 2011, the year has also surfaced exceptional business opportunities for the luxury industry, mostly related to product development, innovative communications online and offline or the re-interpretation of heritage values. Here are some of the opportunities the CPP-LUXURY.COM team has compiled.
HOTELS
Travelling with ... read more
CEO of Oetker Hotels shares his company's unique vision for the future of luxury hospitality
17 December 2011
In an exclusive interview to CPP-LUXURY.COM, Mr Frank Marrenbach, Chief Executive Officer of Oetker Hotel Collection (OHC) has recently spoken about his company's unique vision on the future of luxury hospitality, sharing the competitive advantages which are at the core of the Oetker Hotel Collection.
Your company owns and manages four iconic luxury ... read more
Salvatore FERRAGAMO's Head of Latin America shares expert understanding on luxury
15 December 2011
Mr Diego Stecchi, President Latin America & Caribbean at SALVATORE FERRAGAMO, one of the most experienced luxury professionals in the region, shares exclusively with CPP-LUXURY.COM his expert understanding in the potential of the luxury market. Stecchi also speaks about the exceptional performance of Ferragamo in Latin America.
Salvatore Ferragamo is ... read more
Experience, value, responsibility and functionality, the key attributes of luxury
11 December 2011
Despite the growing international economic turmoil, luxury has remained resilient, with major international luxury companies posting stable financial results. Demand in retail, for luxury fashion, jewellery and watches remains strong driven by Asia, but even the U.S. has been showing significant signs of recovery. This same optimistic tone was expressed by most participants at last ... read more
Making sense of legislation changes in FDI (foreign direct investment)
01 December 2011
As early as last week (November 25th 2011) , in a move which was not expected before mid-next year, the Indian government passed long awaited changes to legislation on FDI (Foreign Direct Investment) allowing foreign companies in retail to own 100% of local operations for mono-brand store operationa.
Then, after just 3 days, in the same ... read more
Michael Hobson, Mandarin Oriental Group' s CMO on his unique insight on the future of luxury hospitality
25 November 2011
Michael Hobson, Chief Marketing Officer of the Mandarin Oriental Hotel Group shares exclusively with CPP-LUXURY.COM his unique vision on the future of luxury hospitality and the secret behind the success of his company, one of the leading international luxury hotel chains, with a 48 year history.
Many luxury international hotel ... read more
Why is Burberry underperforming in Eastern Europe?
15 November 2011
Present in six Eastern European countries with franchising operations except Hungary (Budapest) which is a directly operated store, Burberry has been lagging behind major international luxury brands even before the debut of the international financial crisis.
Even in Russia, Burberry’s largest market in the region in terms of sales and number of stores, the brand has modest ... read more
Gurgaon, India's hottest luxury destination
03 November 2011
Part of NCR (National Capital Region) Gurgaon is today the fastest growing city in India, having seen tremendous development in the past decade. What used to be a suburb of New Delhi, Gurgaon is nowadays a vibrant city which most consider the business capital of India, with most local conglomerates and multinational companies being headquartered in ... read more
Will Lagerfeld succeed in redefining the recipe for a successful fashion business ?
31 October 2011
The ‘’aspirational factor’’ has been playing a crucial role in the success of many international luxury brands, which have made the transition from a fashion house business concept to a fashion powerhouse generating billions in turnover worldwide. By creating so called ‘’second lines’’ or ... read more
Luxury groups versus independent luxury companies
23 October 2011
From a business perspective, the past decade has seen luxury defined more and more as an industry, with specific sectors: fashion & accessories, jewellery & watches, fine wines & spirits, hotels &SPA s, cars, yachts and private jets. In 1987, Bernard Arnault created LVMH, which, to date, remains ... read more
Luxury hotels become more feminine
16 October 2011
Whether it is the introduction of dedicated ladies' packages, allocating an entire floor to female travellers, introducing designer suites of major fashion brands, running advertising campaigns specifically targetting female traveller - nowadays, luxury hoteliers seem to have entered a ''ladies' affair frenzy''.
Dorchester Collection is one of the high end hospitality ... read more
Lebanon's luxury market could drop by up to 10% due to ongoing turmoil in Syria
08 October 2011
The ongoing turmoil in Syria, Lebanon's second trading partner, has already translated in major drop in Lebanon's GDP growth estimate by the IMF, from 7% last year to a mere 1,5%. Tightened restrictions by the U.S. and E.U. on Syria have had an indirect negative on major Lebanese banks with operations in Syria. Analysts estimate that traffic by land into Lebanon from Syria, especially from ... read more
Will China and Brazil make up for a possible slow down in luxury sales?
27 September 2011
Europe’s sovereign debt crisis has already lead to a slowdown in spending throughout the entire E.U., even in less affected countries. While there might be little or no effect on the income outlook of the wealthy consumers, there will most certainly be a psychological factor which would inhibit spending and make consumers less comfortable about luxury goods.
Major European ... read more
The reasons behind Bernard Arnault's new strategy at Louis Vuitton
17 September 2011
It all started less than three weeks ago when, following months of rumours on who will take over as creative director at Christian Dior, it was officially confirmed that Marc Jacobs, the creative head of Louis Vuitton was in advance negotiation to take over the position at Dior. In fact, the strategic ... read more
Understanding the real potential of Poland's luxury market
13 September 2011
A recent study by KPMG on the luxury market in Poland has revealed some interesting findings however it does not provide an accurate picture of the reasons behind the sluggish development of Poland’s luxury market, despite the country’s wealth. KPMG’s study was based on a survey of 250 high earners in Poland as well as income taxation to reflect spending on ... read more
Colombia, South America's undiscovered luxury market (part 2)
04 September 2011
Fashion ranks among the least developed luxury sectors of Colombia's luxury market, with very few international luxury brands being represented with mono-brand stores. The Colombian market is dominated by wholesale / multi-brand retail, the most important players being local companies Le Collezioni and Luxus.
Le Collezioni, the largest multi-brand retailer in Colombia has six locations ... read more
Colombia, South America's undiscovered luxury market (part 1)
28 August 2011
With 49 million inhabitants, Colombia is the largest country in South America after Brazil boasting the fourth largest economy on the continent. On my recent trip to Colombia I was surprised to discover a safe country, contrary to the repeated travel advisory warnings, especially from the U.S., Colombia's largest trading partner and largest foreign investor. Colombia's political stability has lead ... read more