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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India's luxury market grows by 20% to reach USD 5,8 billion
09 October 2011
According to a report by CII-Kearney, the luxury market in India has grown beyond expectations at a rate of 20 per cent over the past year and is likely to grow at the same rate in the coming years as well. The Indian luxury market is estimated to have reached USD 5.8 billion.
Luxury has gone beyond Delhi, Mumbai and Bangalore to Chennai, Hyderabad and Pune. The latter three ... read more
HERMES launches limited edition Indian sari at Mumbai flagship store
08 October 2011
Following the recent opening of its flagship store in Mumbai, its third in India, luxury maison HERMES launches this week a limited edition of five Indian saris (sarees). Hermès is the first international major luxury brand to open a street stand alone store in India, most luxury brands being represented in malls and hotel shopping galleries.
The sari collection has ... read more
Mandarin Oriental, Prague gears up for a very busy calendar of events for the holiday season
07 October 2011
From Rihanna, George Michael, Lenny Kravitz and Elvis Costello concerts, November and December Prague is welcoming travellers to the most diverse events - Bohemian Beaujolais (Czech Republic. St. Martin’s Day 11 November), Christmas Market in the Old Town Square (starting November 26) and St Nicholas Day on 6th December.
Mandarin Oriental, ... read more
Vacheron Constantin to increase production and double workforce
07 October 2011
Vacheron Constantin, a watchmaking unit of Richemont Group, plans to double its workforce to 1,300 by 2020 as it spends 100 million Swiss francs ($109 million) on buildings and production, Le Temps reported, citing Juan-Carlos Torres, head of the brand.
Vacheron Constantin aims for all its watches to qualify for the stamp of the seal of Geneva, a sign of craftsmanship, by 2016 compared with 70 percent ... read more
India and China have more wealthy families than Europe
07 October 2011
India and China have more wealthy families than European countries, according to market research firm TNS. According to the firm's 'Global Affluent Investor' study, India, China and Brazil have overtaken many European countries in this measure of consumer wealth. Each of these countries has more than three million affluent households with over $100,000 in funds for investments.
While the ... read more
Tod's Group's HOGAN made in Romania?
07 October 2011
Diego Della Valle, Tod's Group owner, has been one of the biggest defendants of Made in Italy, voicing the importance of Italian brands to be produced in Italy, thus fuelling the country's craftsmanship, which he believes is critical to the success of Italian luxury. Recently, Mr Della Valle made a commitment to contribute over 30 million euros to the restoration works of Rome's iconic ... read more
Luxury brands growing anxious about world crisis
07 October 2011
Interviewed on the prolongued international financial crisis, Patrick Thomas, CEO of French luxury maison HERMES said: ''For the moment there is no impact on our sales, but that doesn't mean effects will not show later'' adding ''Macroeconomic worries always have an impact on our business''.
Tancrede de Lalun, who oversees fashion purchases at French department store Printemps, said he had noticed a ... read more
Newly opened ST REGIS Hotel in Florence, Italy features Bottega Veneta Suite
07 October 2011
Formerly the Grand Hotel Florence under Starwood's The Luxury Collection brand, the ST REGIS Florence underwent a meticulous 10-month restoration to bring the property back to its historical grandeur and artistic heritage. Originally designed in 1432 by Filippo Brunelleschi, the architect of the Duomo Santa Maria del Fiore, the Grand Hotel was the first luxury hotel in Florence and is considered to be ... read more
Luxury mall to open in Muscat, Oman
06 October 2011
Situated near adjancent to the Royal Opera House in the Omani capital, The Opera Galleria luxury market will be Muscat's largest luxury retail complex, with over 60 stores and restaurants. The development, spread over 6,500 sq m, has extensive car parking and will be linked ultimately by footbridge to the Intercontinental Hotel development site.
International cafe and ... read more
Arab women, world's biggest buyers of haute couture
05 October 2011
They are rarely spotted on the front row of a fashion show and favour discretion when placing orders, yet women from the Middle East have become the world's biggest buyers of high fashion. The trend may surprise given that many Arab women, particularly in the Gulf region, are traditionally kept under wraps.
But their social calendar, which usually consists of 15-20 weddings a year and private ... read more
ARMANI Group launched global online flagship
05 October 2011
Armani Group has today re-launched its main website, which becomes its online global flagship available in 30 countries, in four languages English, French, Italian and Japanese. The online store which is managed by Italian speciality e-tailer Yoox Group, will feature all Armani lines - Giorgio Armani, Emporio Armani, Armani Jeans, Armani Collezioni, Armani Junior. It is ... read more
CASADEI inaugurates flagship boutique in Rome
05 October 2011
Italian luxury shoemaker CASADEI inagurated this week its first flagship boutique in Rome, Italy. Situated in the prestigious Piazza di Spagna, the boutique covers 100 sqm and illustrates the latest interior concept of the house, with a very airy decor featuring large mirrors, black painted glass, wooden floor centre and two day beds in red crocodile skin. ... read more
ZILLI to open flagship store in Milan
04 October 2011
French luxury menswear house ZILLI is set to open a 150 sqm flagship store in the hear of Milan's luxury shopping district on Via Gesu, steps from competitors Brioni and Kiton. Founded in 1970, ZILLI has 40 monobrand stores worldwide and is sold in over 100 multibrand stores. Russia currently accounts for half of the company's turnover, which in 2010 reached 61 million euros. In 2012, the company plans to ... read more
Bang & Olufsen's new strategy focuses on technology, car audio and online sales
04 October 2011
High end Danish electronics maker Bang & Olufsen, known for their unique blend of technology and innovative designs, appointed Tue Mantonias his new CEO with a mission to make important changes within the company. Mantoni inherits a company in better shape than that found by its predecessor in the last year, reported a profit of DKK 40 million (5.37 million euros), compared with a loss ... read more
Alfred Dunhill to open third overseas restaurant, in Dubai
04 October 2011
British luxury retailer Alfred Dunhill will open its third overseas restaurant in Dubai’s Jumeirah Emirates Towers in early 2012. The launch of Alfie's Restaurant and Lounge is scheduled for January 2012, to coincide with the opening of the company’s new Dunhill fashion store in the same location.
The Dubai restaurant will be Dunhill’s first in the Middle East and ... read more
Indians are one of the youngest among Asia’s wealthy
04 October 2011
Indians are one of the youngest among Asia’s wealthy, with an average age of just 39, after China at 36 and Indonesia at 38 years. One-fifth of the affluent Indian investors surveyed also are looking at taking a higher risk in the next six months, with 66 per cent planning to make new investments.
Gannesh Bharadhwaj, head-retail banking and wealth management, HSBC India, ... read more
CAPELLA to open first hotel in Russia
04 October 2011
Capella Hotels and Resorts will open the new ultra-luxurious Capella Sochi Hotel in 2013, scheduled in time to welcome the VIP guests of the 2014 Olympic Games in Russia.
The new hotel will be located within the desirable village of Gorki Gorod 960, home to villas, chalets and exclusive properties in the vicinity of the celebrated Krasnaya Polyana, 40 km from Sochi-Adler international airport. The ... read more
Government in India may allow foreign direct investment in mono-brand retailing
03 October 2011
India's government is considering allowing foreign companies to completely own single-brand retail stores in the country, after it had abandoned project to permit foreign investment in multi-brand retailing, due to lack of political consensus.
At present, only 51% foreign direct investment, or FDI, is allowed in mono brand retail ... read more
RALPH LAUREN Paris, the first European store to feature high end jewellery collection
01 October 2011
American house of Ralph Lauren presents exclusively in Paris, at its Avenue Montaigne store, for the first time in Europe, its high end jewellery collection. Inspired by the brand's heritage and drawing on equestrian and romantic motifs, the Ralph Lauren Haute Joaillerie collection includes necklaces blending diamonds and pearls, ''chandelier'' ear rings with amethyst, rubies and ... read more
LVMH organize unprecedented open days at most of its brands
30 September 2011
World's largest luxury group LVMH will open to the public, for the first time in its history, for two days (15 and 16 October) most of the private ateliers of its brands. The public will be able to visit 25 sites in Italy, France, Spain, England and Poland. Fans will be able to visit the Louis Vuitton's ateliers in Asnieres outside Paris, the Chaumet jeweler ateliers in Paris, Palazzo ... read more