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Luxury News

Swiss immigration vote ticks off watchmakers

Basel - Switzerland's recent vote to curtail immigration from the European Union could seriously impact the Alpine country's booming watch trade, industry insiders warned this week.
In the Media by Nathalie Olof-Ors (AFP)

Mimosa, French perfume-makers' secret ingredient

Grasse - Like miniature pompoms bursting with colour and fragrance, mimosa flowers turn the hills around France's perfume capital, Grasse, a golden yellow for a couple of fleeting weeks each year.Though they fade fast -- and must be processed as soon as they ar...
In the Media by Catherine Marciano (AFP)

Russian spending in Britain drops

London - Russian spending in British shops fell by 17 percent last month compared to February 2013, according to tax-free shopping statistics out Monday.Visitors from Russia spent an average £669 ($1,103, 800 euros) per transaction, according to Global Blue, s...
In the Media by AFP

Thieves steal $800,000 from trendy Colette concept store in Paris

Paris - Two masked robbers wielding a gun and an axe burst into the Colette boutique in the heart of Paris Saturday, making off with 600,000 euros ($800,000) worth of goods from the trendy concept store, officials said.The pair held up the store on Saint-Honor...
In the Media by AFP

Hermes posts glittering results driven by Asia sales

Paris - French luxury goods group Hermes on Thursday posted record profits in 2013 as sales of its bags and scarves showed little sign of slowing, especially in China.Net profits rose by 6.8 percent last year to 790 million euros ($1.1 billion) on a 7.8-percen...
In the Media by AFP

Gold-plated car shines at Geneva Motor Show

Geneva - For lovers of luxury and bling-bling, German tuning specialist Carlsson is offering an eyeful at the Geneva Motor Show this week, displaying the world's first gold-covered car.Several thousand sheets of gold leaf were needed to cover the Versailles-ins...
In the Media by AFP - 1 comment

Accessible luxury snaps at heels of mega brands

While Gucci and Louis Vuitton blame slumping sales on their upmarket drive they argue will help them regain some of their lost glory, there is growing evidence they are losing out...
In the Media by Astrid Wendlandt and Brenda Goh (Reuters)

Luxury carmakers veer into booming SUV space

Geneva - Massive or small, affordable or off-the scale pricey: urban sports utility vehicles abound at the Geneva Motor Show, with luxury carmakers speeding into the lucrative market.One of the stars of the show, which opened its doors to the media on Tuesday, ...
In the Media by Estelle Peard, Agnes Pedrero (AFP)

Activist Loeb seeks board shakeup at Sotheby's

New York - Activist investor Dan Loeb Thursday nominated himself and two allies to the board of Sotheby's, arguing the auction house's current board lacks the skills and inclination to undertake needed changes.Loeb, chief executive of hedge fund Third Point, Soth...
In the Media by AFP

Versace to sell 20% stake to Blackstone of US

Rome - Italian family-run fashion house Versace said on Thursday it had agreed to sell a 20-percent stake to US private equity firm Blackstone in a deal that values the group at 1.0 billion euros ($1.4 billion).The company said in a statement that Blackstone ...
In the Media by AFP
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Emmy Green Room features pet pampering and plenty of coffee

On stage, it is about the Emmy Awards, but backstage it is making sure stars are pampered and walk away pleased. The...
Sep 19, 2012 in  TV Fans by Tim O'Brien
 

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