The current weakness in the luxury industry is not a cyclical phenomenon, according to Francis Gouten, director of Gouten Consulting, who retired from Richemont in 2006.
The XC90 Excellence is the flagship version of Volvo's flagship car and it's the company's bid to become recognized as a true luxury carmaker, one mentioned in the same breath as Range Rover or Mercedes.
Mercedes-Benz is showing off their new GLE SUV at the New York International Auto Show which runs until April 12. The GLE is the first of three new off-road vehicles the brand is ready to show off during 2015, its "Year of the SUV."
At the latest breed of hotel, rooms are up to one-third smaller than traditional quarters, with furniture that looks fresh from an Ikea showroom.