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: February 12, 2014
UAE. Abu Dhabi Duty Free has launched a commercial process to attract global bidders to move into the new Midfield Terminal Building (MTB) due to open in July 2017.
Posted: February 11, 2014
UAE. The most popular gifts purchased by air travelers were beauty products, fragrances, watches, gold and diamonds.
Posted: February 11, 2014
UAE. "This dynamic and multicultural city that inspires travel and evokes the spirit of Cruise is also the perfect setting for the show that will be held on May 13th 2014 in the presence of Karl Lagerfeld."
Posted: January 27, 2014
UAE. Award in recognition of it being one of the most progressive luxury retail chains in the MENA region.
Posted: January 15, 2014
INTERNATIONAL. The Bain & Co report forecast that the luxury consumer base would grow by an average 10 million people a year.
Posted: January 14, 2014
UAE. Plans include an online portal for flyers to purchase goods before they fly.
Posted: January 12, 2014
UAE. Globally, 3,630 cars were sold during the year, which represents the best sales result in the company's history; Bespoke content in Middle East at 100% of deliveries.
Posted: January 8, 2014
UAE. New Coutts Index aims to provide the global benchmark for monitoring the performance of passion assets; Classic cars rise 257%; Classic watches up 176%; Billionaire property doubles in value.
Posted: December 9, 2013
INTERNATIONAL. The Middle East's billionaires - with a combined net worth of US$354 billion - hold a higher percentage of total wealth than in any other region in the world.
Posted: November 26, 2013
UAE. The R Lounge will be used to unveil bespoke collections and showcase special pieces to Rivoli's selected clients in a personalized and intimate setting.
Posted: November 18, 2013
UAE. A new strategy has been implemented to advance the Damas name and image from a famous brand in Dubai to a famous international jewellery brand from Dubai.
Posted: October 23, 2013
UAE. Jan to Sept 2013 sales on Land Rover up 40%, with Jaguar up 30%.
Posted: October 16, 2013
INTERNATIONAL. The world's leading luxury products group, recorded revenue of 20.7 billion euros for the first nine months of 2013, an increase of 4% over the comparable period in 2012. Organic revenue grew by 8%.
Posted: October 15, 2013
INTERNATIONAL. Ahrendts is to be replaced by Burberry's Chief Creative Officer Christopher Bailey, who will retain his existing title alongside becoming the company's CEO.
Posted: October 14, 2013
UAE. Welcoming over 400,000 visitors from around the world, Dubai officially joined the league of global fashion capitals with the inaugural Vogue Dubai Fashion Experience, a celebration of high fashion, held for the first time in the Middle East.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
INTERNATIONAL. It's now up to the new government to get real shale development in motion, and for Turkey to face up to its own strategic realities and join forces with Ukraine to harness LNG potential.
dhgate