Luxury giant Richemont sees net profit plunge by 35 per cent

Written by AFP on . Posted in Luxury Business News

ZURICH: The world's second luxury goods group Richemont confirmed Friday that its annual net profit fell by more than a third due to losses on financial instruments.

During its 2014/15 financial year, which ended on March 31, the Swiss company earned in 1.3 billion euros ($1.4 billion) in net profit, down 35 per cent from a year earlier, it said.

The drop was slightly less than the 36-per cent decline Richemont signalled in a profit warning last month, but in line with the e ..

ZURICH: The world's second luxury goods group Richemont confirmed Friday that its annual net profit fell by more than a third due to losses on financial instruments. During its 2014/15 financial year, which ended on March 31, the Swiss company earned in 1.3 billion euros ($1.4 billion) in net profit, down 35 per cent from a year earlier, it said.

6 luxurious national park lodges

Written by Katie Jackson Courtesy Fox News on . Posted in Luxury Travel & Lifestyle

Contrary to what you may have thought, “roughing it” is optional in America’s national parks. If air conditioning and Wi-Fi are essential to your existence, if you prefer a bed under a roof to a sleeping bag in a tent, and if you’d rather eat mountain trout with blueberry butter than burgers and beans, then you should consider staying in a lodge in or just outside the park.

Disclosed: Asian luxury travel trends

Written by David Chambat Courtesy Travel Daily News on . Posted in Luxury Travel & Lifestyle

According to Villa-Finder.com, results from 2014 and early 2015 reveal that the following trends can be expected in the third and fourth quarter: the number of tourists heading to the APAC region will continue to increase; many developing countries in APAC will transition to high-end luxury vacation spots; and, as customers look for more ‘authentic’ holidays, there will be a shift from hotel vacations to private accommodation rentals.

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