In a career that’s flourished along with China’s spectacular rise as a market for fine wines, entrepreneur Don St. Pierre Jr. has had his share of setbacks. In 2008, the Executive Chairman of ASC Fine Wines spent nearly a month in detention in Shanghai during an investigation by city authorities into “falsifying prices” among wine importers. No charges were ever filed, and Mr. St. Pierre describes the experience as “character building.”
The Porsche 911 turns 50 in 2013, and the annual Goodwood Festival of Speed will factor heavily into the iconic sports car’s birthday celebration. All seven generations of Porsche 911 will be shown, alongside milestone 911 racers from Porsche’s lengthy motorsports history.
New York, May 23, 2013 – William Rohr, the Managing Director of TimeZone.com, the world’s largest watch discussion forum on the Internet and a Watch Consultant for Bonhams, the British auction house, has joined Digital Luxury Group, the first international company dedicated exclusively to the design and implementation of digital strategies for luxury brands, as a new Non-Executive Partner.
Millward Brown and BrandZ just released its list of the most valuable brands in the world, and one of this year's big surprises was how quickly and substantially Prada's value grew. In 2012, the luxury retailer's brand value skyrocketed 63%, bringing it to $9.5 billion, in the BrandZ calculation.
After nearly a quarter century under American and then Indian ownership, the Jaguar brand is making a concerted effort to reassert its fundamental Britishness. Jaguar is going from dealer to dealer in the United States discussing new corporate-identity standards meant to wear the English origins and sensibilities—and production—of the cars on their hoods, as it were.
Shang Xia, a Chinese luxury brand backed by French fashion house Hermès, has finally confirmed its grand opening in Paris, which is planned for September. The store will be on Rue de Sèvres, next to a Hermès store. The plan for a Paris store was first announced in December, and then again in February, according to Yicai, a Chinese financial news website.