Managers of Wealth

Merril Lynch – China to double its consumption of luxury goods by 2015

The fastest growing luxury sector has been watches at 26%, followed by cosmetics and fragrances at 23%, men’s fashion at 10% and women’s fashion at 4%.

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

Leading luxury travel brand launches property arm

The company will predominantly focus on resort developments, many of which will be offplan, and destinations will be both established and emerging markets.

Belstaf Looks to the Past to Transform into a True Luxury Brand

Besides acquiring one of UK’s most prominent actors as a spokesperson, Cooper is further repositioning Belstaf to the luxury fashion world by broadening its offerings.

Hermes files complaint against LVMH over share purchase

Luxury fashion retailer Hermes has taken legal action against rival LVMH, citing the way it bought a stake in it two years ago.

Rémy Cointreau completes acquisition of Bruichladdich single malt

The acquired company owns Bruichladdich single malt scotch whisky and its assets based on the Isle of Islay, Scotland.

Harry Winston enters into a new secured five-year credit agreement for US$260 million

As with the previous agreement, Harry Winston Diamond Corp. has provided a US$20 million limited guarantee in respect of the new facility, which is available to its luxury brand segment for general corporate purposes.

Rolls Royce Announces Expansion Plans in Thailand

The facility will be located at Siam Paragorn, a luxury shopping destination and will offer easy access to Rolls Royce products for customers. It will complement the 2-storey Rolls-Royce showroom already located there.

Audi to relaunch car production in Russia in 2013

Audi AG Board Chairman Rupert Stadler said the company is likely to start producing A4 and A6 models, as well as Q5 and Q7 models, in Russia in the middle of next year.

Serviced apartment provider launches luxury range in China

Designed for international travellers, Oakwood Premier apartments are situated in key financial and commercial destinations across Asia, including Bangalore, Mumbai and Pune in India; Jakarta, Indonesia; Seoul, Korea; and Manila, Philippines.

Qatar increases fashion interest with own luxury brand

According to a source, the brand has been busily scouring shop locations in New York and Paris.

Hermes Raises Growth Target as Asia Boosts Sales ‎

Operating profitability reaches 32.1 % of sales

Superyacht maker to tap China's elite

The Company strives to develop into a large-sized comprehensive yacht industry group, which covers luxury yacht design, yacht engine system solutions, luxury yacht manufacturing, popularizing aquatic leisure lifestyle, as well as planning and organizing a

Companies Ford to bring luxury brand Lincoln to China

The luxury vehicles will be available in China in the second half of 2014

Study: Luxury Brands Plan to Spend More on Digital

Developed in partnership with veteran research expert Michele Madansky and Digiday, the Luxury Brand Advertising 2012 Outlook study polled over 345 luxury brand marketers, including Aston Martin, Baume and Mercier, Five Star Alliance, Godiva, Jaguar, Virg

Bentley previews Mulsanne Convertible

Bentley has provided some of its most valued customers with a sneak preview of a Convertible version of its Mulsanne.

Oscar de la Renta uses site relaunch to fine-tune f-commerce

The new OscardelaRenta.com was debuted earlier this week and includes styling tips, videos, commerce and behind-the-scenes elements. The new site also has interactive elements that intertwine the buying and social media experience for a new kind of ecomme

Luxury