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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The collective wealth of Britain's 1.000 richest, rises by 30%
News 25 April 2010
SUNDAY TIMES reports that the wealth of the Britains' 1.000 richest has risen by 30% in the past year, the richest man Indian tycoon Lakshmi Mittal almost trippled his fortune which reached a staggering GBP 22,5 billion. Richard Branson made a spectacular leap to the Top 100.
British media has been publishing negative reviews and analysis insisting that the combined wealth of the 1.000 wealthiest in Britain accounts for 1/3 of Britain's economic deficit.
CPP highlights another important aspect which is the fact that the fortunes of the wealthiest Russians increased only for those living abroad, especially the U.K, while the economic crisis has almost halved the fortunes of Russians residing home. Many wealthy Russians have recently relocated their residence to UAE's Dubai, accounting for 30% of all sales of luxury goods in Dubai.