03/04/2016
Samsonite to buy rival luxury bag maker Tumi for $1.8bn
The price represents an enterprise value to last year’s adjusted earnings before interest, tax, depreciation and amortisation multiple of 13.6 times, according to the companies.
Luxury
03/04/2016
Avignon Capital sells Louis Vuitton retail investment in Copenhagen
The super prime retail investment was acquired by Avignon Capital in 2012.
03/03/2016
Iran to Get Luxury Hotel Along Caspian Sea as Tourism Thaws
Iran’s first foreign-branded hotels in decades arrived in October
03/02/2016
RINA Services expands in Middle East luxury mega yachts
Two luxury yachts recently received the final stamp to join the fleet classified by RINA
03/02/2016
Hermes teacups, Mahjong sets: How to fly like an Asian tycoon
We all believe that the Asian market is going to be huge
02/29/2016
Two pools, 13 bathrooms and 300 for dinner: the modernist fun palaces of Palm Springs
In the 1950s, Hollywood decamped to the desert – bankrolling the world’s most daring modernist architects to create ever more experimental boltholes. Welcome to a world of Martian landing pads, clifftop Bond lairs and Flintstones sofas
02/29/2016
Brighter future seen for China's luxury goods industry
As Chinese spend on high fashion worldwide, local firms go shopping for brands to expand
02/25/2016
New partnership brings contactless payment options to luxury watches
You’ll soon be able to continue spending money on luxury brand watches and wearables long after initial purchase, with MasterCard and WISeKey announcing a partnership to enable contactless payments on the items.
02/24/2016
TAG Heuer Becomes the Official Watch and Timekeeper of Major League Soccer
Even referees will benefit from this partnership.
02/24/2016
When digital’s bubble pops, luxury will return to its old-school ways: report
Whilst acknowledging the importance of the digital environment, luxury consumers will seek out more original and authentic experiences that can’t be seen or bought online.
02/22/2016
When digital’s bubble pops, luxury will return to its old-school ways: report
“Luxury brands can benefit from the findings by learning what the upcoming trends are and how they can adapt their offerings accordingly,” said Julie Wagner
02/21/2016
Luxury goods group eyes up to 350 job cuts in Switzerland
The group is not the only one hit by the slumping market for Swiss watches.
02/19/2016
Kering Sales Beat Estimates as Gucci Brand Returns to Growth
Gucci revenue advanced 4.8 percent, compared with the 1.5 percent growth analysts anticipated -- the brand’s strongest result in three years.
02/16/2016
Savanna reveals plans for boutique luxury office building on Billionaires’ Row
Architecture firm Perkins Eastman has been tapped to design the project, which will feature Central Park views for floors above the 15th floor.
02/16/2016
Starwood Hotels & Resorts Sells Hotel Imperial, a Luxury Collection Hotel, Vienna
Historic Hotel Will Continue to Fly The Luxury Collection Flag under a New Long-Term Management Agreement
02/15/2016
The peak of pampering: A trip to France's stylish Alpine ski resort Megeve will leave you refreshed in luxury
Our three girls were away, we had a few days of freedom and were in need of some serious relaxation.
02/15/2016
Wentworth golf club members in revolt against £100,000 annual fees
The Wentworth Resistance are sabotaging plans from the new proprietors who want to make the club even more expensive
02/15/2016
Jerry Seinfeld to Auction Exotic Porsches on March 11
None of the cars in this collection need Johnson rods or had blood in their engines, we assure you.
02/15/2016
Charlie Sheen’s custom-made bulletproof car for sale on eBay
It is still a deal taking into consideration a custom-made Maybach expenses approximately $400,000, editors at TMZ.com credit report.
02/14/2016
Ireland’s Bad Bank Poised to Sell Dublin’s Gresham Hotel
NAMA set to put hotel that once hosted President Dwight D. Eisenhower on the market for just over $90 million