German premium brand ESCADA inaugurated last week its mono-brand store in the Romanian ...
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Prada opened last week two stand alone stores, marking the official entry on the Moroccan ...
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French luxury group PPR, parent company of Gucci, Bottega Veneta, Boucheron has teamed up ...
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French luxury maison Chanel announced the opening of its 6th store in Australia, in the ...
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Italian luxury group TOD'S which includes the Tod's, Hogan, Fay and Roger Vivier brands, ...
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The biggest rally in three years for luxury-goods makers in Europe is fizzling on concern ...
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CLARKS shoes gaining luxury status?
20 November 2011
Fourth largest shoemaker in the world, British based CLARKS posted a stunning GBP 100 million increase in profits this year, compared to last year. The brand which is knowns for its casual style shoes has been making headlines recently with its innovative Majorca Villa style, chuncky mid-calf suede boots as well as the new collection created in collaboration with retail ... read more
Bottega Veneta's new flagship store in New York, the ultimate shopping experience
20 November 2011
Designed by Bottega Veneta's genious Creative Director, Tomas Maier, the second flasghip of the Italian luxury brand in New York's prestigious Madison Avenue provides the ultimate private and exclusive shopping experience. According to Maier, he has designed the store ''to match the calibre of the neighbourhood''. ''A personalized experience - this is what our customers desire'' says Maier.
The ... read more
ROLEX retailer in Serbia celebrates 25 years anniversary
18 November 2011
One of the pioneers in luxury retail in Serbia, Petite Genève Petrović, celebrated recently its 25th anniversary, with a lavish event at Square Nine, Belgrade's top luxury hotel.
Among 120 VIP guests attending the event were watch and jewelry admirers, distinguished members of the Serbian society, foreign Ambassadors and members of the Serbian Royal family. ... read more
Tom Ford to follow suit with collection for H&M
18 November 2011
Following the successful VERSACE Collection for H&M, which is now sold out (less than a week from launch), US media indicates Tom Ford could follow suit with a dedicated collection. Versace's collaboration with H&M was preceded by Karl Lagerfeld, Alber Elbaz (Lanvin) and Jimmy Choo, which were both highly successful.
The ''limited edition'' feature which fast fashion ... read more
MontBlanc launches in the U.S. first ever online store
18 November 2011
German based luxury accessories brand known for its writing instruments, Montblanc, officially launched its first ever e-commerce website in the US yesterday, www.montblanc.com. Montblanc’s product range online includes timepieces, writing instruments, men’s and women’s jewelry, eyewear, fragrance and leather goods.
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First luxury store opens in Pyongyang, North Korea
18 November 2011
In a surprise move the dictorial communist regime of North Korea has become more permissive in regards to the import of certain categories of foreign goods. North Korea's first luxury store, a fashion and accessories multi-brand store opened in the capital city of Pyongyang last week. The brand mix includes brands such as Chanel and Dolce Gabbana.
Despite the poverty stricken population, it is widely ... read more
ST REGIS Hotels & Resorts announces innovative Jazz partnership
17 November 2011
St. Regis Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide Inc. and Jazz at Lincoln Center (JALC) announce today an unprecedented global partnership, bringing two New York icons together to concept and create a series of jazz clubs around the world in St. Regis hotels. With a shared ambition to open five jazz clubs in the next five years, St. Regis and JALC will open the first ... read more
While CEO and CFO of Burberry cash in £ 10 million since end of July, shares remain volatile
17 November 2011
Burberry finance director and vice president Stacey Cartwright has sold £1m of shares in the luxury brand group, to add to £2.65m of proceeds from share sales made less than four months ago.
Cartwright and Burberry chief executive Angela Ahrendts have between them generated £10m from selling stock since the end of July. The lion's share of the windfall came after a ... read more
Qatari Diar to build 250 million euro luxury resort in Montenegro
16 November 2011
Following the takeover of an existing hotel in a bay near the city of Tivat, the company owned by the Qatar Investment Authority will redevelop the 24-hectare (60-acre) site over the next two to two-and-a-half years to include a luxury hotel, villas and apartments, sports facilities and shopping malls, Qatari Diar’s locally registered unit said in an e-mailed statement.
Egypt's Orascom ... read more
THE ORGANIC PHARMACY launches at Le Bristol Paris
16 November 2011
British based luxury beauty brand THE ORGANIC PHARMACY launched this Fall a collection of the finest bespoke treatments at luxury Parisian hotel Le Bristol: a five step organic ritual based on organic roses (Rose de Mai) , a toning and re-sculpting treatment based on organic green coffee and chilli, a detox body ritual based on coral algae, laminaria oil and salt, and a sugar and ... read more
Dolce Gabbana to open mono-brand store in Kiev
16 November 2011
Italian luxury house of Dolce & Gabbana are due to open their first mono-brand store in Ukraine, in the capital city of Kiev. The 350 sqm mono brand store will be situated on the groundfloor of Mandarin Plaza Mall, adjacent to the Chanel boutique. The new Dolce Gabbana store which is due to open Spring 2012 is operated in franchising by the same retailer which ... read more
Ferragamo reports double digit growth for the first 9 months 2011
16 November 2011
Italian luxury brand Salvatore Ferragamo have reported a jump in net profit for the first nine months of the year, with the company showing strong growth in the Asia Pacific region. Total revenues were up 27.6 per cent to € 701.3 million compared to € 549.8 million last year.
The group’s excepional revenue growth reflects ... read more
S&P expect GCC, Russia and China to sustain growth of luxury
16 November 2011
Retail markets in the Gulf region are helping to drive sales of luxury goods amid the current global economic woes, Standard & Poor's said on Tuesday. In a new report, the rating agency said luxury goods were still selling "very well" in Gulf states, as well as Russia and China, despite the emphasis on austerity in many countries around the world.
In a year of unusually ... read more
ARMANI pursues hotel projects in Morocco and Egypt
14 November 2011
Armani Group announced it is focusing on its plans to open resorts in Egypt and Morocco before expanding its joint venture with Emaar further. Armani Group and Emaar have jointly developed two Armani Hotels properties in Dubai and recently Milan.
Work continuing on an Armani villa project in Marassi, Egypt, which is part of a 1,1 billion euros Emaar development, and an Armani ... read more
LVMH's Princess Yachts launches in India
14 November 2011
Yacht making firm Princess which is owned by world's leading luxury group LVMH has announced formal entry into India throygh an official distributor, aiming to sell up to five luxury boats in the next year.
Princess yachts will sell in India from US$ 800.000 to US$ 6 million. Princess has entered into an exclusive ... read more
LVMH signs strategic alliance with CENTRAL SAINT MARTINS
14 November 2011
Leading international design school based in London, Central Saint Martins will inaugurate next week a new state-of-the-art lecture theatre in Kings Cross, a project entirely sponsored by LVMH. The luxury conglomerate has also announced plans for a scholarship programme to recruit promising designers from the university for its brands, WWD reports, ... read more
PPR's strategy for BRIONI
14 November 2011
In an interview to Italian media on his company's recent acquisition of luxury Italian menswear brand Brioni, Francois Henri Pinault, CEO of PPR highlighted product diversification (accessories and casual wear) and international expansion through directly operated stores as the core strategic approach for Brioni. Pinault also indicated that the majority of the future directly operated Brioni ... read more
GUCCI opens second flagship store in London
13 November 2011
Gucci has opened its second flagship store in London, on the capital's most exclusive shopping road, Bond Street. The 685 square meter shop, which folllows a new design concept by Creative Director Frida Giannini, signals a contemporary change of direction in the interior design concept of the flagship stores.
Signature Gucci materials rosewood and marble are enhanced with the ... read more
Tamara Mellon and CEO Joshua Shulman leave JIMMY CHOO
13 November 2011
In a surprise move, following the acquisition of Jimmy Choo earlier this year by Austrian based group Labelux which also controls Bally, Joshua Shulman, CEO of Jimmy Choo and Chief Creative Office Tamara Mellon, who also co-founded Jimmy Choo are to leave the company from the beginning of next year.
It is understood Ms Mellon and Mr Schulman are leaving on amicable terms with Labelux, which is backed by ... read more
Richemont Group remains cautious despite positive first half performance
11 November 2011
Booming demand in Asia has helped to shield the luxury goods sector from slowing demand in mature markets so far, but investors are bracing themselves for weaker growth as worries about the general economic outlook intensify.
October sales at the world's second biggest luxury goods group RICHEMONT GROUP still rose 26 percent at constant exchange rates, but this was down from 36 percent ... read more