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Luxury Goods & Duty Free

FEATURED REPORT...
Posted: 07-08-2011
INTERNATIONAL. It’s a tiny circle known for exclusivity, but its global reach into emerging markets means the luxury business needs online networking. When you think of luxury, you think of small, elite, exclusive. When you think of the internet you think exactly the opposite, and marrying the two has historically enjoyed little success. Yet a company called The Luxury Society evolved into a flourishing business by exploring where a mass media platform could successfully meld with a niche luxury network. According to Pierre-Yves Poulain, co-founder with four others of the website that i
Posted: May 1, 2013
UAE. Emporio Armani fashion boutique opens in Abu Dhabi International Airport.
Posted: April 30, 2013
INTERNATIONAL. PPR's disappointing first-quarter sales have reinforced fears that the luxury goods sector has run out of steam and reached a turning point.
Posted: April 24, 2013
INTERNATIONAL. The payment for the 51% equity stake as well as certain transaction and shareholder structuring cost were made out of Dufry Group's liquidity.
Posted: April 17, 2013
UAE. Tradition, culture, craftsmanship all contribute to the brand you buy. But how much more are you willing to pay for that label and how can companies convince the consumer that these values are inherent in the (generally higher) price they pay?
Posted: March 26, 2013
EGYPT. Egypt, struggling with economic and political turmoil, is increasing custom duties for expensive food items such as shrimps as well as luxury consumer products.
Posted: March 24, 2013
INTERNATIONAL. PPR, the French owner of Gucci and Puma, will change its name to Kering to cap the company's transformation into a luxury and sporting goods specialist.
Posted: February 20, 2013
UAE. YouGov's BrandIndex highlights the five brands that witnessed the highest increase in Buzz Score during DSF 2013, by examining consumer perception across four sectors (malls, hotels & resorts, dining and fashion).
Posted: February 6, 2013
LEBANON. Lanvin announces the opening of its new men's store in Beirut's Park Avenue which will also be offering to customers the Lanvin made-to-measure service.
Posted: February 5, 2013
UAE. Personal care brands dominate the 2012 'Buzz Improvement' list, with Givenchy seeing the largest increase.
Posted: February 5, 2013
UAE. BrandIndex Buzz scores rate over 500 brands in 17 different sectors, revealing which brands have the most positive Buzz score in Saudi Arabia.
Posted: February 4, 2013
UAE. Sales up 44% for Bentley in the Middle East; Global sales growth of 22%; Bentley remains the leading manufacturer of luxury vehicles in the world.
Posted: February 4, 2013
KUWAIT. The boutique presents the new concept of Lanvin stores under the artistic direction of Alber Elbaz
Posted: February 4, 2013
UAE. Event marks Dubai's evolution as an international hub for fashion with the global initiative by Vogue.
Posted: January 30, 2013
UAE. The announcement was made today at the opening of Trinity Forum 2013, during the welcome speech from Abu Dhabi Airports Company Chief Commercial Officer, Mohammed Al Bulooki.
Posted: January 28, 2013
INTERNATIONAL. Alain Mouawad, a fourth-generation member of the Mouawad family, developed an early passion for horology and the luxury watch business. This passion, coupled with his marketing expertise, has enabled him to make his mark in the timepiece industry.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.



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