China Now Pernod Ricard’s Second Largest Market Worldwide

Though demand for fine wine, whisky, vodka and even craft beer continues to climb among China’s expanding middle class, cognac remains the preferred tipple for many of the country’s wealthier, typically older and male, drinkers.


Richemont to acquire US luxury apparel business

The transaction is expected to close in October 2012 and will have no material impact on Richemont’s consolidated net assets or operating result for the year ending March 31, 2013.


Coutts launches rooftop vegetable garden at Strand HQ

Coutts is today unveiling its urban kitchen garden, consisting of over 9,000 organic plants including vegetables, fruit, herbs and edible flowers growing on the roof terrace of its headquarters in central London.


Rolls-Royce increases its presence in Japan

Responding to the strong level of interest in its cars in Japan, Rolls-Royce Motor Cars has opened up increased retail space in Tokyo and a new presence in Osaka, in addition to an upgraded showroom in Yokohama.


Gucci to expand in South America through franchising

Gucci is currently only present in Brazil (4 mono-brand boutiques, of which only one street level) compared to Louis Vuitton which is present in Chile (1), Brazil (5 stores), Colombia (1), Argentina (1); Salvatore Ferragamo has 8 stores in Brazil, 3 stor