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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Latest luxury openings in Spain
05 February 2012
After Barcelona and Valencia, both opened 2011, Chopard expanded in Spain with its third mono-brand in the capital of Madrid. The mono-brand boutique of Chopard opened in December 2011 and an inaugural event was organized in January this year.
Durán, one of Rolex’s distributors in Spain inaugurated at the end of November last year the first Rolex mono-brand boutique in ... read more
THOMPSON HOTELS open in London, first hotel in Europe
05 February 2012
American hotel chain, Thompson Hotels, known for its contemporary luxury hotels in the US, opened this week in London - BELGRAVES its first hotel in Europe. The BELGRAVES is located in London’s Belgravia neighborhood known for its expensive and exclusive residential properties, being considered among ... read more
21% record growth for Swiss watch exports in 2011
03 February 2012
Despite the negative impact of a strong Franc, Swiss watch exports reached a record 16 billion euros in 2011, according the Federation of the Swiss Watch Industry. "In a partially unfavourable context, prospects remain very good for the Swiss watch industry," the federation said in a statement.
Swiss brokerage Helvea noted that December exports remained ... read more
OBEROI taps American interior designer for makeover of its flagship property in New Delhi
03 February 2012
Talking to The Economic Times, Mr PRS Oberoi confirmed his company tapped renowned American interior designer Adam Tihany.for the makeover of its flagship The Oberoi New Delhi, India's first five star luxury hotel
Tihany, who has designed the Mandarin Oriental in Las Vegas and Geneva, the Westin Chosun in Seoul and the Joule Hotel in Dallas, will ... read more
LVMH announces record results for 2011
03 February 2012
World's leading luxury group, LVMH announced record results for 2011, with salea reaching 23,66 billion euros (from 22 billion euros in 2010). Sales in Asia now represent 35% of all LVMH sales worlwide, while Europe registers 33% and the U.S. 22%. Net profits grew by 1% in 2011 reaching 3,6 billion euros, while the operational income increased by 22%, to a total of 5,26 billion euros, the very first time ... read more
LORO PIANA presents at Maison et Objet Paris its first collection dedicated to hotels
02 February 2012
Italian luxury house of Loro Piana, known for its iconic cashmere ready to wear and accessories products, presents in Paris this week, at the Maison et Objet fair in Paris, its first Passpartout Collection entirely dedicated to luxury hotels. The Passpartout Collection has been developed by Loro Piana Interiors, a dedicated company of the group which manufactures textiles for hotels, using the highest ... read more
With its financial situation deteriorating, UNGARO sells its flagship store location on Avenue Montaigne in Paris
02 February 2012
Already in deep financial crisis and rapidly accummulating debt, the French fashion house of Ungaro is reported to be in talks with potential buyers for its flagship store location on Avenue Montaigne, a prime luxury retail location on the prestigious luxury shopping street. The dire financial situation has prompted to dismiss 22 full time staff, as it strives for restructuring its business. ... read more
ARMANI / CASA to design interiors of World Towers in Mumbai
01 February 2012
Giorgio Armani and the Lodha Group, one the largest real estate developers of India have announced a partnership that has as its objective the design and the interiors of the residences and common areas of the Upper World Towers in Worli, Mumbai.
Towers are part of the World World One, the building of 117 residential plans world's tallest and World Crest, twin building whose height is less (about 215 ... read more
Starwood's SPG Elite Members now benefit from 24 hour check in and check out
01 February 2012
With Your24™, Starwood Hotels & Resorts Worldwide, Inc. (St Regis, Le Meridien, W, Sheraton etc) will abolish set check-in and checkout times for select Starwood Preferred Guest elite members – and introduce 'round-the-clock' check-in at all Starwood hotels and resorts.
While tradition has long held hotel check-in to 3 p.m., ... read more
Affluent Chinese consumers returning to Japan
01 February 2012
Nearly one year after avoiding the country in the wake of the devastating tsunami and Fukushima Daiichi nuclear accident, Chinese tourists have returned to Japan in record numbers. Coming just in time to buoy Japanese retailers, many of whom have been stung by a drop in tourist arrivals in 2011, Chinese travelers flocked to Japan over the course of the Lunar New Year holiday, bringing much-needed cash to ... read more
Mandarin Oriental, Las Vegas launches exquisit ART of ROMANCE package
01 February 2012
The journey of a truly amorous adventure begins in the 1930’s Shanghai-inspired Dragon Spa Suite with a three-hour indulgence for two in Mandarin Oriental's Forbes’ Five-Star rated Spa. After a welcoming foot ritual for two, guests will enjoy a skin-softening body exfoliation. A soak in the hydrotherapy tub scented with an elixir of therapeutic natural bath essence is ... read more
PPR prepares John Galliano's Haute Couture come back?
01 February 2012
According to Italian media, French luxury group PPR owned and run by Francois Henri Pinault is reported to be in advanced talks with ex Dior designer John Galliano for a major Haute Couture project, which would mark PPR's first entry into the exclusive circle of Haute Couture. None of PPR's current fashion brands in its portfolio are included in the Haute Couture sphere. Gucci's Creative Director Frida ... read more
Luxury Hotel Group, GHM doubles its portfolio with new properties in China, Switzerland, India and the UAE
31 January 2012
GHM, a luxury resort and hotel group that manages exclusive properties anchored in Southeast Asia, is launching its third decade with plans for new boutique properties in locales well beyond its traditional geographic base. Over the next four years, as the new hotels come online in China and Switzerland, in India and the United Arab Emirates, GHM expects to double the size of its portfolio.
The ... read more
French luxury leather goods market to slow down in 2012
31 January 2012
According to French based research firm Xerfi, after 8 years of continued growth, the French luxury leather goods market will decreased by 3,5% in value in 2012. The research firm indicates the higher prices of raw materials and increasing salaries of workers in Asia as the two main reasons which are likely to contribute to the ebb in the leather goods market. Xerfi advises in its research study that ... read more
Brunello Cucinelli reports 67% growth in profits for 2011
31 January 2012
Ahead of its IPO on Milan's stock exchange this year, Italian luxury ready to wear house specialize in cashmere, Brunello Cucinelli reports an 18% increase in its turnover for 2011, compared to 2010, which was at the level of 103 million euros. Founded in 1978 and with 710 employees, Brunello Cucinelli has 59 mono-brand boutiques worldwide and plans further expansion in Asia and South ... read more
Luxury Italian shoemaker a.testoni inaugurates its mono-brand boutique in Kiev
31 January 2012
Luxury Italian shoemaker a.testoni inagurated this weekend its mono-brand boutique in Kiev, Ukraine which opened end of December 2011. Situated within the Mandarin Plaza shopping mall, the a.testoni boutique is operated in franchising and is one of 70 mono-brand sales points worldwide. The new boutique feature both mens and womens collections, including the Black Label.
The ... read more
Louis Vuitton opens its Maison flagship store in Rome
29 January 2012
Situated in the Lucina Square within the former Etoile, Rome's very first cinema, built in 1907, the new Louis Vuitton Maison flagship store covers three floors. One of the 14 Maison type of flagship stores of Vuitton worldwide, the Louis Vuitton Maison Etoile Rome is the only one to include a library room, which is ... read more
Chanel, Christian Dior and L'Oreal fined 40 million euros for price fixing
28 January 2012
A French court has fined perfume giants including Chanel, Christian Dior and L'Oreal a total of 40 million euros ($53 million) for colluding to keep prices high.
A Paris appeals court upheld the fine imposed in 2006 by the French competition watchdog, which said the companies involved had reached illicit agreements on price fixing, enforced by procedures to monitor prices in outlets and backed up by ... read more
Waldorf Astoria Hilton to open in Berlin in May
27 January 2012
Hilton Worldwide plans to open its first Waldorf Astoria Berlin hotel in Germany this year near Kurfuerstendamm, West Berlin’s best-known shopping street. Hilton will manage the property owned and develope by Swan Operations of Abu Dhabi which invested about 220 million euros ($289 million) in the project.
“Berlin is ... read more
Rizoli launches in March DIOR JOAILLERIE book to celebrate Dior’s fine jewelry
27 January 2012
International publisher Rizoli is launching in March this year an exceptional book DIOR JOAILLERIE, the first such book to celebrate the timeless beauty and craftsmanship of Dior’s fine jewelry designs, signed by Creative Director Victoire de Castellane.
Captured throughout the book’s 300 pages, the exquisite craftsmanship of Dior Fine Jewelry is showcased with vivid ... read more