09/08/2013

Neiman Marcus up for sale with $6bn price tag

According to multiple online reports Sunday, Neiman Marcus Inc., the luxury retailer that filed for an initial public offering in June, is close to an agreement to sell itself to Ares Management LLC and the Canada Pension Plan Investment Board for $6 bill

09/02/2013

LVMH Won't Appeal Fine Related to Hermès

In July, the AMF fined LVMH 8 million euros (6.76 million pounds) for failing to properly disclose its stake-building in rival Hermes (HRMS.PA) before 2010.

08/12/2013

Wealthy Asians Have Designs On Luxury Brands

The rise of affluent middle class and wealthy consumers in Asia seem to have an insatiable appetite for luxury designer brands that keeps growing despite economic slowdown in the region.

08/08/2013

The World's Most Outrageous Yacht Charters

When Russian billionaire Roman Abramovich's mega-yacht Eclipse docked in midtown Manhattan last February, it created frenzy among the Big Apple's princes and paupers alike.