The capsule collection created by Karl Lagerfeld for premium Italian shoes brand HOGAN, ...
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Italian fashion group MAX MARA, owned by the Maramotti family reported it closed 2009 with ...
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Swedish mass fashion retailer H&M has confirmed this week a collaboration with LANVIN. ...
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Hugo Boss is cutting the time it takes to bring its collections to the shop floor, in a move ...
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Starwood hotel group launches its ALOFT branded chain in Europe by opening the first ...
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Gucci, a pioneer of the luxury online shopping experience since 2002,announce the opening of ...
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HOGAN by Karl Lagerfeld to be presented in Paris in October
03 September 2010
The capsule collection created by Karl Lagerfeld for premium Italian shoes brand HOGAN, which is owned by the TOD'S Group, will be presented officially in Paris on October 2nd in a palace villa on Rue du Quatre Septembre. The collection includes not only shoes and bags but also some pieces of apparel. The capsule collection will be sold in select stores starting with January 2011. The company's CEO motivated ... read more
Crisis takes its toll on MAX MARA
03 September 2010
Italian fashion group MAX MARA, owned by the Maramotti family reported it closed 2009 with a 33% decrease in its net profit, to EUR 55,1 million, compared with the previous year. The revenues of the group decreased by 7,7% to EUR 1,16 billion. The annual report of the group also mentions that considerable investments have been made to maintain the prestige of its brands. The company reported that in the ... read more
H&M to launch collection with LANVIN
02 September 2010
Swedish mass fashion retailer H&M has confirmed this week a collaboration with LANVIN. The collection which will be signed by artistic director Alber Elbaz and head of menswear Lucas Ossendrijver will arrive in stores November 23.
"H&M approached us to collaborate, and to see if we could translate the dream we created at Lanvin to a wider audience, not just a dress for ... read more
HUGO BOSS to bring its collections faster to the stores
01 September 2010
Hugo Boss is cutting the time it takes to bring its collections to the shop floor, in a move to use some of the methods of lower-cost brands.The German fashion house plans to increase its number of stores from about 450 this year to 700 by 2015, accelerating a transition towards higher-margin retail sales in fast-growing areas such as China.
Lead times to develop some Hugo Boss collections for next year are ... read more
Starwood launches Aloft brand in Europe, making W Hotels more accesible
31 August 2010
Starwood hotel group launches its ALOFT branded chain in Europe by opening the first location this week in Brussels, with 147 rooms. The second Aloft in Europe will be open in London in 2012. With the occasion of the Brussels opening, Starwood CEO Frits Van Paasschen said the Aloft brand ''is Ikea'', emphasizing the affordability of the new chain. The Aloft chain is positioned as the more accesible ... read more
Gucci opens its new luxury digital flagship store at GUCCI.COM
30 August 2010
Gucci, a pioneer of the luxury online shopping experience since 2002,announce the opening of its new luxury Digital Flagship store at gucci.com. Following an 18 month architectural renovation under the direction of Gucci Creative Director Frida Giannini, the new online retail destination takes advantage of the most innovative technologies available today thereby seamlessly integrating rich ... read more
Legendary luxury hotel reopens in Istanbul
29 August 2010
Following a EUR 23 million renovation, Istanbul's legendary hotel PERA PALACE is set to reopen on September 1st. Inaugurated in 1892, PERA PALACE has been host to many world famous intellectuals such as Alphonse de Lamartine, Pierre Loti, Theophile Gaultier as well as royalties such as King Edward VIII, Queen Elizabeth II, Emperor Franz ... read more
TOD'S registers profit rise in the first half of 2010
28 August 2010
Italian luxury group TOD'S announced exceptional financial results for the first half of 2010, with a 21,6% growth of its net income to EUR 52,4 million, while its sales grew by 5,2% to EUR 377,5 million.
TOD'S Group includes the following leather shoes and accessories brands: Tod's, Hogan, Fay and Roger Vivier.
Tod’s brand revenues totalled 195.9 million Euros in the first six months of ... read more
HERMES sales increase by 23% in the first half 2010
27 August 2010
French luxury company HERMES registered a 23% sales increase for the six months ended 30 June 2010, to a value of EUR 1,074.7m. Sales growth was particularly strong for the group's directly operated stores (up 25% at constant exchange rates), with a solid growth showing accross all Hermès product categories. Wholesale revenues, which in ... read more
Dolce & Gabbana closes D&G stores in Japan
26 August 2010
Italian luxury brand Dolce & Gabbana has announced it is closing down all the 15 stores of its D&G line. They blame the decision to halt the distribution of the D&G ready-to-wear lines, leather accessories and shoe collections in Japan on the scarcity of available locations for its boutiques and the widespread availability of counterfeit products.
The decision to regroup in ... read more
Top luxury SPA hotel to open in Budapest, Hungary
24 August 2010
Following the completion of an extensive renovation of the 16th century RACZ Turkish Thermal Bath, a five star boutique hotel was built connected to the facilities. The RACZ HOTEL & THERMAL SPA is situated in the heart of Budapest, in the Buda district, at the foot of the Gellert Hill and close to the Elisabeth Bridge.
Adjoining the hotel is the historic ... read more
Luxury retail sales growth in UAE drives rebound for the entire Middle East region
24 August 2010
Sales of the Chalhoub Group, leading Middle Eastern luxury retailer rose by 20% in the first 6 months of this year in comparison with the same period last year. The Chalhoub Group which portfolio includes over 280 luxury brands ( Christian Dior, Louboutin, Louis Vuitton etc) opened 25 new outlets in the first half, with another ... read more
ESCADA pursues global restructuring with major renovations of its stores
21 August 2010
Ailing German luxury brand ESCADA, which was saved from bankruptcy from Indian group Mittal, has announced major plans for restructuring. Over EUR 12 million will be spent on renovating the majority of the Escada stores worlwide. Sales at ESCADA have been improving, particularly in the key markets. For instance, in Spain, Escada's second most important market have registered a ... read more
GUCCI opens monobrand store in Bucharest, Romania
19 August 2010
Italian luxury brands is reportedly opening this fall, a monobrand store in the Romanian capital of Bucharest. The store which will be situated in a very central location, on the groudfloor of Athenee Palace Hilton Hotel on leading retail avenue Calea Victoriei. The store is likely to be a franchised operation with a local retailer.
The line up of luxury brands already present on Calea ... read more
BVLGARI to open luxury hotel in London
16 August 2010
Legendary Italian jeweller Bulgari is to open an exclusive boutique hotel in London on the site of the former Normandie Hotel in Knightsbridge, overlooking Knightsbridge Green. Following the same - very stylish - lines as the original Bulgari hotel in Milan, the 78-room London hotel which will be run by Ritz-Carlton, promises to be a luxury affair, complete with private holistic spa, swimming pool and ... read more
HERMES launches social networking web site dedicated to scarves
13 August 2010
French luxury house HERMES has recently launched ''J'aime Mon Carre'' (''I love my Scarf), a new web site dedicated exclusively to its signature square scarves. The web site, which is directly linked to Hermes's Facebook page, pictures hip young girls in a cool urban looks wearing scarves as bras, turbans, ties, belts and regular around the neck.
The web site is divided by capital cities, showing ... read more
China's Rich Have $1.1 Trillion in Hidden Income
12 August 2010
China’s households hide as much as 9.3 trillion yuan ($1.4 trillion) of income that is not reported in official figures, with 80 percent accrued by the wealthiest people, a study showed.
The money, much of it likely “illegal or quasi-illegal,” equates to about 30 percent of China’s gross domestic product, the study, conducted for Credit Suisse AG ... read more
Technogym in Burj Khalifa, the tallest building in the world and in ARMANI HOTEL Dubai
10 August 2010
The latest prestigious collaborations of Technogym answers to the name "Burj Khalifa", the tallest building in the world, and Armani Hotel Dubai, which exclusively occupies 11 floors within Burj Khalifa.
Burj Khalifa is an imposing architectural construction that has transformed the Dubai skyline and revolutionized the life of the city, accommodating within ... read more
Marc Jacobs becomes first top fashion brand to create plus-size line
09 August 2010
Marc Jacobs, one of the world's most successful design labels, is set to become the first major fashion houses to produce a clothing line catering for women bigger than size 14.
Although there is yet to be an official announcement, Robert Duffy, president of the Marc Jacobs label, wrote about the move on Twitter, confirming that the company was in the early stages of discussions to produce a plus-size ... read more
POLO RALPH LAUREN increases profit and pursues aggresive expansion in Asia
07 August 2010
During the annual shareholders' meeting this week, the POLO RALPH LAUREN Group reported a 57% increase in profit in the first quarter of this year to USD 121 million, from USD 77 million a year ago. The company ended the period with USD 1,1 billion in cash and investments. Chairman and CEO Ralph Lauren highlighted the company will focus on expanding womens wear and luxury accessories. He also announced the ... read more