⮊ Canary Islands and Seville. Photographer: Gabriela Herman for Bloomberg Businessweek | ⮊ Portillo. Photographer: Pia Vergara | ⮊ Jaipur. Source: Raffles Hotels and Resorts | ⮊ Casa de Brasa at Four Seasons Resort Los Cabos at Costa Palmas. Source: Costa Palmas By Bloomberg Pursuits December 12, 2024 As much as travel writers hate to…
By AFP Published December 1, 2024 Hong Kong property developer New World Development said on Friday that Eric Ma will step down as chief executive officer after having spent just two months on the job. Eric Ma – Courtesy The sprawling business empire, run by Hong Kong’s third-richest family, reported an annual loss of over…
By Bloomberg Published November 26, 2024 China’s largest jewellery retailer Chow Tai Fook Jewellery Group Ltd. saw revenue plunge 20.4% in the half year ended September, the biggest drop for the period since 2016 as the world’s No. 2 economy slows and record high gold prices dent luxury spending. Gold bangles on display a Chow…
Chanel hosted its first runway show in Hong Kong in 18 years on Wednesday as it doubles down on growing its business in China amid a challenging market. The show featured the cruise 2024/25 collection, first presented in Marseille in May. But it was “more than just a replica”, says Bruno Pavlovsky, president of fashion…
Published November 7, 2024 Manolo Blahnik Group is gearing up for further international expansion with the luxury footwear and accessories brand having opened its first mainland China boutique in Shanghai’s Plaza 66 on Thursday. The move marks “a significant milestone in the brand’s global expansion,” it said, and follows the successful launch of two new…
For many luxury shoppers, sustainability now rivals exclusivity and artisanal quality on the list of essential criteria when deciding which brands deserve their lucrative patronage. In addition, regulations in some jurisdictions mandate attention to environmental factors. As a result, sustainability is now both a requirement and an opportunity for luxury brands – a factor that…
A look at the day ahead in European and global markets from Ankur Banerjee European chip and luxury stocks will be at the forefront of investors’ minds on Wednesday, and for all the wrong reasons, after lacklustre earnings from the region’s biggest tech firm ASML and luxury bellwether LVMH dragged shares lower. Chip stocks around…