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Luxury News

Luxury U.S. retailers court Canadian consumers

After years of being left out in the cold, Canadian consumers of upscale brands will now see big changes. Luxury retail is making its way north in a move to boost bottom lines and satiate a hungry market.

Lux Line preorders of iPhone 6 ready before phone hits market

As if having an iPhone 6 is not enough, Apple lovers can now have one that is worth its weight in gold. Well, maybe not worth all its weight, but soon consumers will be able to get one that is finished in either 24-karat yellow or pink gold.

Op-Ed: The Monaco Grand Prix's big appeal

Monaco-ville - Every year, the world's fastest drivers gather for the most luxurious fixture in the Formula One calendar beneath the Rock of Monaco: the Monaco Grand Prix. Spectators have fun in the French Riviera at one of the most historic automobile races.

Christie's to auction off world's biggest blue diamond

Geneva - The world's largest blue diamond will go under the hammer in Geneva next month, with the rare gem expected to fetch up to $25 million, auctioneers said Friday."The Blue", a shimmering pear-shaped rock the colour of cobalt and weighing 13.

Indonesian military chief in flashy watch row

Jakarta - Indonesia's military chief came under fire Friday after rejecting claims he had been pictured wearing a luxury Swiss watch and insisting that the timepiece was a Chinese-made fake.

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.

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...

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...

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...

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...

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...

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...

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, ...

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...

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 ...

As luxury market slows, accessories lead the way

Milan - With sales in the global luxury sector starting to slow, Italian shoes and handbags stand out as powerful growth engines as the middle classes in emerging economies indulge the urge to accessorise.Companies like Casadei and Furla, which showed off thei...

Kering 2013 profits slump on restructuring

Paris - French luxury giant Kering said Friday that profits slumped in 2013 as the group restructured to refocus on high-end products like Gucci and Yves Saint Laurent.Net profit dropped from slightly more than 1.0 billion euros in 2012 to 49.6 million euros l...

Swiss watchmakers clock record exports in 2013

Z - Swiss watchmakers saw their export growth slow down significantly last year, but they still clocked a new record high, the Swiss Watch Industry said on Thursday.Swiss watch exports edged up 1.9 percent in 2013 to a record 21.

Swatch reports good times

Z - The world's biggest watch group Swatch on Wednesday posted a 2013 net profit rise of more than 20 percent, beating market expectations and hailing a promising start to the new year.

Armed robbers stage luxury jewel heist in Zurich: police

Geneva - Two armed robbers raided a jewellery store on Zurich's posh Bahnhofstrasse in broad daylight Tuesday, making off with jewellery and watches worth more than $110,000, police said.

LVMH bucks luxury slowdown to post record sales

Paris - LVMH bucked the slowdown in the global luxury market, posting a 4 percent increase in sales last year to a record 29.15 billion euros ($39.5), although net profits were flat at 3.4 billion.

Luxury firm Mulberry warns on profits; shares collapse

London - British luxury handbag maker Mulberry issued a profits warning on Wednesday after sales dived over the key Christmas period, sparking a collapse in its share price.

A $37,995 bathtub, bubbles not included

They say there is a market for everything, somewhere, and that one man's junk is another one's treasure. But I doubt anyone looking for treasures would find a Porcelanosa “Bioprot” bathtub at a yard sale or junk yard.

Video: Luxury ski resort burned down in Sierra Nevada, Spain

Granada - A luxury ski resort in the Sierra Nevada mountains in southern Spain has burned to the ground in a spectacular blaze. Fifty-two people were evacuated from the building and no injuries have been reported.

Luxury euro hurts Richemont sales

Z - Richemont, the world's second-largest luxury goods firm that owns Cartier and Montblanc, said on Thursday that the strength of the euro hit its sales in the final quarter of last year.Sales hit 2.9 billion euros ($3.9 billion) in the quarter, a 9.

As luxury reaches masses, will auto brands lose prestige?

Detroit - American consumers have a taste for luxury and automakers are rushing to deliver by upgrading interiors, loading up on fancy features and expanding their offerings with stylish new models.

2013 a record year for Rolls-Royce

The luxury car manufacturer Rolls-Royce has just released figures showing that 2013 was a record breaking year for the company. The two biggest growth markets were in China and the Middle East.

Swatch sales rise in 2013 but misses targets

Z - The world's biggest watch group Swatch saw its share price soar Friday after posting an 8.3-percent increase in sales in 2013, even though it undershot targets due to unfavourable exchange rates.

Review: Travel Europe on a budget, but always stay in style

Times are tough these days with the economic crisis, but we all still need a break from the stresses of everyday life in general. The good news is that you can now stay in Europe at budget prices, but still in the best of style, in a luxury hostel.

Op-Ed: Why luxury car sales are on the rise

For many Americans, budgets remain tight… yet luxury car sales are rising. Here's a look at why that could be, along with some predictions for what the future holds.
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Constantia Vista  Cape Town  South Africa
Constantia Vista, Cape Town, South Africa
Constantia Vista
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An X-ray image of a guitar  by photo collective Luxinside
An X-ray image of a guitar, by photo collective Luxinside
Courtesy Luxinside
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Labels on the bottle of Panamonte XXV Reserva.
Labels on the bottle of Panamonte XXV Reserva.
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Constantia Vista  Cape Town  South Africa
Constantia Vista, Cape Town, South Africa
Constantia Vista
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Untitled
pod1
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Constantia Vista  Cape Town  South Africa
Constantia Vista, Cape Town, South Africa
Constantia Vista
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Constantia Vista  Cape Town  South Africa - The View Cottage  living room.
Constantia Vista, Cape Town, South Africa - The View Cottage, living room.
Constantia Vista
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Constantia Vista  Cape Town  South Africa - The Main House  dining area overlooking the pool.
Constantia Vista, Cape Town, South Africa - The Main House, dining area overlooking the pool.
Constantia Vista
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Constantia Vista  Cape Town  South Africa - Jacuzzi with a view.
Constantia Vista, Cape Town, South Africa - Jacuzzi with a view.
Constantia Vista
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Constantia Vista  Cape Town  South Africa - The Main House - Master Bedroom.
Constantia Vista, Cape Town, South Africa - The Main House - Master Bedroom.
Constantia Vista
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Constantia Vista  Cape Town  South Africa
Constantia Vista, Cape Town, South Africa
Constantia Vista
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Constantia Vista  Cape Town  South Africa - Private splash pool for the Pool Apartment.
Constantia Vista, Cape Town, South Africa - Private splash pool for the Pool Apartment.
Constantia Vista
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Constantia Vista  Cape Town  South Africa - The Vista Apartment.
Constantia Vista, Cape Town, South Africa - The Vista Apartment.
Constantia Vista
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Model graces the foyer of Pullman Bangkok G Hotel
Model graces the foyer of Pullman Bangkok G Hotel
Pullman Hotel G Bangkok
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Bangkok Pullman G Hotel
Bangkok Pullman G Hotel
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Untitled
St. Kitts Marriott
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Constantia Vista  Cape Town  South Africa - The Pool Apartment  entertainment lapa.
Constantia Vista, Cape Town, South Africa - The Pool Apartment, entertainment lapa.
Constantia Vista
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Luxury RV
Luxury RV
Cnet
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Constantia Vista  Cape Town  South Africa
Constantia Vista, Cape Town, South Africa
Constantia Vista
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These machines cost thousands of dollars to build and maintain. However they sell incredibly luxurio...
These machines cost thousands of dollars to build and maintain. However they sell incredibly luxurious items and make serious profits.
YouTube
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