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: March 30, 2015
INTERNATIONAL. The combination with WDF will enhance Dufry's global position in the travel retail industry.
Posted: March 27, 2015
UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
Posted: March 24, 2015
UAE. In creating its first connected chronograph, Breitling has applied a new philosophy placing the smartphone in the service of the watch so as to enhance its functionality and conviviality.
Posted: March 20, 2015
INTERNATIONAL. The watch is an attempt to compete with devices by consumer-electronics makers, particularly the much-hyped watch by Apple.
Posted: March 17, 2015
UAE. DHL named Top Company to Work For in the UAE for the second consecutive year; biz-group maintains its position as Top SME to Work For in the UAE.
Posted: March 10, 2015
INTERNATIONAL. The Apple Watch sport will start at US$349 for the smaller model. The standard version will start at US$549 and the high-end "Edition" watch will be priced from US$10,000.
Posted: March 9, 2015
UAE. Launched in 2013 to uncover and support new fashion talents, the LVMH Prize announced its first winner in 2014.
Posted: March 6, 2015
INTERNATIONAL. Classic cars (+16%) were again the top annual performer in the index, which tracks the price growth of 10 luxury investment sectors
Posted: March 5, 2015
UAE. Qatar, Saudi Arabia and Kuwait all ranked in the top 10, with the three nations performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel.
Posted: March 2, 2015
QATAR. Paying homage to the forthcoming centenary of the last Fabergé Imperial Eggs ever delivered, Fabergé has crafted an extraordinary, one-of-a-kind egg objet in collaboration with Qatar's Al Fardan family, one of the world's most renowned collectors of pearls.
Posted: February 28, 2015
UAE.Three day open to the public event has been specifically commissioned and curated to feature a compelling mix of local, regional and international designers, artists, musicians, concept retailers and unique dining experiences.
Posted: February 23, 2015
UAE. Abu Dhabi Airport Duty Free closed 2014 at AED 1.009 billion, representing a rise of 10.5% versus 2013 (AED 912.9 million).
Posted: February 19, 2015
UAE. 1.1 billion euros in total revenues recorded across both retail and wholesale channels; Recurring operating income (EBIT) for the entire fiscal year reached 357 million euro, posting an increase of 8% on a reported basis compared to 2013.
Posted: February 18, 2015
INTERNATIONAL. In an open letter, the chairman of the company confirms work on "a car that offers the luxury of a Rolls-Royce in a vehicle that can cross any terrain." "This new Rolls-Royce will be Effortless ... Everywhere."
Posted: February 13, 2015
UAE. Luxury goods industry leaders to mentor next generation talent.
date:Posted: August 31, 2015
UAE. Phidar Advisory's latest residential research note finds prices continue to decline; Key currencies are the Indian Rupee, British Pound and Pakistani Rupee; "Currency trends may help us understand and forecast local property prices," says Jesse Downs.
date:Posted: August 31, 2015
UAE. "It'll take some time before China adjusts to a more stable growth path. So, this sort of volatility will be with us for a while and perhaps worse," according to Linda Yueh, Adjunct Professor of Economics, London Business School.
date:Posted: August 30, 2015
INTERNATIONAL. Commodities have fallen to the lowest level in 16 years thereby wiping out all the gains that were made during the Chinese boom years during the first decade of this millennium.