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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 22, 2013
INTERNATIONAL. The luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, according to a source briefed on the matter.
Posted: May 21, 2013
INTERNATIONAL. Louis Vuitton's brand value declined 12% from a year ago to US$22.7 billion as competitors including Gucci and Prada gain, a new research report shows.
Posted: May 21, 2013
INTERNATIONAL. The total size of the market, which was 212 billion euros (US$273 billion) in 2012, would reach 250 billion by mid-decade.
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

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: May 22, 2013
iNTERNATIONAL. Control over Homs will enable al Assad to rapidly move forces from the north to the south to meet emerging rebel threats. It will also provide a key avenue of retreat to the Alawite coast in the event that he needs to flee Damascus.
date:Posted: May 22, 2013
INTERNATIONAL. A government that slaughters its people and maims a whole generation is not a government with whom to negotiate. It is nothing short of travesty that the Obama administration is still mired in the illusion that a political solution is possible.
date:Posted: May 22, 2013
UAE. MENA accounts for 6% of global smartphone shipments but less than 0.1% of mobile advertising; Regional companies are behind global trends allocating only 6%-7% of advertising on digital; Only 2%-3% of digital budget is allocated to mobile and tablet advertising.
UAE. MENA accounts for 6% of global smartphone shipments but less than 0.1% of mobile advertising; Regional companies are behind global trends allocating only 6%-7% of advertising on digital; Only 2%-3% of digital budget is allocated to mobile and tablet advertising.
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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