Longchamp, Upper East Side, New York store

French accessories brand Longchamp reported a 26% sales increase reaching a total of 390 ...

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Bodrum, Turkey

Mandarin Oriental Hotel Group has today announced that it will manage a luxurious hideaway ...

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Shang Xia store in Shanghai

Hermès has recently confirmed the opening of the very first store of its brand Shang ...

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Corneliani store in Chengdu, China

With the aim of reaching 40 mono-brand stores by the end of 2012, Italian luxury menswear house ...

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Paul Cezanne, The Card Players 1895 purchase by Qatar

Last week, the Royal Family of Qatar, purchased Paul Cezanne's "The Card Players" ...

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Eberhard & Co 125 anniversary virtual experience

Conceived as a sophisticated online installation, Eberhard & Co recreates on its own ...

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Crisis provides exceptional real estate in capital city centers throughout Eastern Europe

Opportunities      15 May 2009
 
International financial crisis has brought on the market most exeptional real estate properties, at very reasonable prices in Bucharest, Budapest and Belgrade, three of the most dynamic capital cities in the entire Central and Eastern European area. Prices in Andrassy Ut (Budapest) andLascar Catargiu (Bucharest) have almost halved in the past 5 months, especially on villa and palace type of properties, which are convertible into retail or entertainment/well being projects.
CPPs database now includes over 12 properties on both avenues, of which 4 have been sold this month. Property ownership is the key to any feasible luxury business, especially monobrand franchising in fashion and accessories and franchising/management in SPA projects.