Luxury carmaker Ferrari reported a jump in profit in the third quarter boosted by higher sales. Sales rose 21% in the third quarter giving the company €723m (£522m) in revenue, a 9% rise from last year. Fiat Chrysler, which sold … Read More
Shanghai has emerged as the most expensive city for luxury living in Asia, while Mumbai is the least expensive in terms of costs for wealthy individuals, according to the 2015 Lifestyle Index by Swiss private bank Julius Baer. Costs of … Read More
Sales of expensive alcohol took a massive hit in China in 2012, when President Xi Jinping took aim at boozy banquets and lavish gift-giving. Now, cognac and wine sales are showing signs of life, indicating that luxury consumption may be … Read More
PARIS, Oct 23 — News that luxury fashion house Chanel has purchased a Napa Valley winery means that fashionista types with shallow pockets may be able to get a taste of the high life for a fraction of the price. … Read More
The slowdown in China is still hurting luxury labels but the owner of brands including Gucci, Saint Laurent and Stella McCartney put in a better-than-expected third-quarter performance yesterday with same-store sales up 3.1 per cent, writes Laura Chesters. French-based Kering … Read More
The new Dior pop-up store in London anticipates the opening of a grand flagship store next year on New Bond Street. The new Dior pop-up store is located on Mount Street and covers 1290 sq feet. In the centre of … Read More
Ferrari’s initial public offering priced at the top of expectations, showing investors are willing to pay up for a company with a strong brand. The deal was seen as a victory for Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne, … Read More
Making a bold statement in the luxury fashion industry, Gucci, Italy’s legendary design house, opened its largest stand-alone boutique in Saudi Arabia at Boulevard, the city’s premier luxury shopping destination located on King Abdulaziz Road in Jeddah. “It’s a big … Read More
There are 123,800 ultra-high-net-worth (UHNW) individuals in the world, according to Credit Suisse’s 2015 Global Wealth Report. These folks have a net worth of over $50 million. Furthermore, about 44,900 of them have a net worth of at least $100 million, and 4,500 have assets … Read More
Dubai is renowned for its love of international luxury labels; a growing list of global brands clamour for space and attention in the city’s ever-expanding range of mega malls. Italian fashion giant Ermenegildo Zegna Group has only recently joined the … Read More