Casablanca, Johannesburg, Cairo, Bangalore and Mumbai are the main 2010 openings of ...
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Interviewed by AFP, Jean-Jacques Picart (consultant of LVMH) and Donald Potard, ...
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Italian luxury shoes and bags leather manufacturer TOD'S has launched in its Paris flagship ...
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CPP, organizer of BUSINESS OF LUXURY FORUM 2010 edition annouces the main topic of the ...
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Crisis is deepening in the auto sector in the Central and Eastern European region too. ...
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In a recent interview to Italian daily IL SOLE 24 ORE, Mr Francesco Formiconi, COO of GIORGIO ...
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ULYSSE NARDIN launches revolutionary luxury mobile phone
11 March 2010
''The Chairman'' is the world’s first luxury hybrid smart phone produced under the marquis partnership between Ulysse Nardin, an industry leader in mechanical timepieces, and SCI Innovations, a pioneer in hybrid cell phone technology. A fusion between the historical, mechanical art of watch-making with modern technology, the Chairman revolutionizes the luxury mobile phone ... read more
Small luxury brands flourish during crisis
09 March 2010
GOYARD, ASPREY and BERLUTI are just three of the leading small luxury brands which are likely to take advantage of the current crisis which has made luxury consumers not only more price sensitive but also more attentive and selective when it comes to quality of manufacturing and raw materials. French luxury brand GOYARD which specializes in luxury hand made leather bags and accessories has ... read more
Romanian cinema triumphs once again at BERLIN film festival
22 February 2010
International media has applauded the first prize won by Romanian young director Florin Serban at BERLIN Film Festival with his movie ''When I want to whistle, I whistle''. UK's The Guardian daily has called the movie a ''work of art'' and other media cites the series of successes registered by what they call the ''new wave'' of Romanian cinema. Another Romanian director Cristian Mungiu won the Palme D'Or ... read more
Despite the challenging economic environment, private jet travel presents numerous opportunities
06 February 2010
One of the automatic assumptions made by both media and luxury industry professionals that the premium sector of the airline business is doomed for a gloomy future. While commercial scheduled airlines fly with empty seats in their business class sections, some private jet brokers and operators are taking advatage of this opportunity. ... read more
GUCCI vintage products are now certified by Christie's
30 January 2010
Christie's auction house is offering online and in select location a valuation and certification service for the owners of GUCCI vintage products, especially bags. Considering the reputation which is usually enhanced by the certification of a major auction house, this new service is likely to prove as an excellent PR and image tool for GUCCI, not only for its loyal customers but also for prospective ... read more
Luxury cosmetic salons, an opportunity for start up business in Central and Eastern Europe
09 January 2010
The first such cosmetic salons were opened over a decade ago by ESTEE LAUDER in Budapest, Bucharest and Prague. They have been operating in the flagship store of ESTEE LAUDER as small salons with facial and body cosmetic treatments, most of them with 2 or 3 treatment rooms.
Recently such branded salons have opened in Warsaw (Poland), the leading ones being DIOR, SHISEIDO and KANEBO. They are monobrand ... read more
Ljubljana, the only EU capital city with no international luxury hotels
17 December 2009
On a recent visit to LJUBLJANA, the capital city of SLOVENIA, we have been unpleasantly surprised to discover that the city has no international chain five star hotel.
Slovenia is not only a beautiful country with high mountains with international standard skying resorts and a stunning coast on the Adriatic sea, but it is also the strongest economy in the entire Central and Eastern European region, ... read more
All about franchising an international luxury brand
01 December 2009
Those who are familiar with the mass market franchising will find franchising in luxury very different. Actually, some luxury brands from the fashion, accessories and jewelry sectors consider the franchising agreement as a long term exclusivity agreement for a certain duration and territory and with a minimum agreed turnover and performance ... read more
Exceptional opportunities for luxury brands in the booming markets of Brasil and Chile
03 November 2009
Having recently been chosen as the host of the 2014 World Football Cup and of the 2016 Summer Olympics, has been creating euphoria in Brasil for the past 6 months. The news is also coupled by the discovery off the coast of Brasil of an important oil reserve. An IMF (International Monetary Fund) report estimated a growth of 3% for the entire Latin American region in 2010.
Recent figures indicate ... read more
Top luxury brands could save newly developed luxury residential projects
25 October 2009
Almost a year into the current crisis, we can all agree that real estate remains the most affected sector of all economies in Eastern Europe. Romania, Bulgaria and Ukraine have been particularly more affected due to the large number of residential developments.
At least 20% of the current real estate developments are premium and luxury residential complexes, most of them located in the outskirts of ... read more
Eastern Europe, an untapped market with many resources for luxury brands
23 September 2009
For many years, luxury brands have ignored the potential of many Eastern European markets, focusing on Russia and Central Europe, both proving recently to be extremely volatile during the current crisis. Major luxury brands have followed each other in Prague and Budapest, both having shown strong potential prior to the debut of the crisis mid 2008. Louis Vuitton, Cartier, Hermes, Dior are just some of ... read more
Morocco, a growing luxury market
16 September 2009
Morocco has long been considered a tourism destination, yet in the recent years the steady economic growth has generated a solid base of wealthy consumers, which lead to the development of the luxury market. Of the 30 million population, Morocco boasts more than 15.000 local wealthy consumers with annual incomes of over EUR 1 million. Of the 7 million foreign visitors who visit ... read more
Luxury e-tailers, which sell designer goods online at discounted prices, are flourishing
07 September 2009
THE racks of expensive gowns and shoes sit, serene and mostly untouched, on the floors of Saks Fifth Avenue, Bergdorf Goodman, Bloomingdale’s and almost every fancy department store. In a sign of how consumers’ newfound thrift has hurt luxury retailers, Saks Incorporated, the parent company of Saks Fifth Avenue, recently announced losses of more than $50m in the three months ... read more