Luxury
Thailand’s Central buys German luxury retail property KaDeWe
THAI retailer Central Group has acquired the landmark KaDeWe property in central Berlin from the insolvent Austrian company Signa in what it said was another step towards buying the...
Chanel flap bag now costs more than 10,000 euros in Paris
A CLASSIC medium-sized Chanel flap bag has broken through the 10,000 euros (S$14,581) barrier for the first time in Paris.In a sign that some luxury brands are willing to...
Luxury EV maker Lucid to raise US$1 billion from Saudi’s PIF affiliate
LUCID is raising US$1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), it said on Monday (Mar 25), sending the shares of the luxury...
Luxury EV maker Lucid to raise US$1 billion from Saudi’s PIF affiliate
LUCID is raising US$1 billion in capital from an affiliate of Saudi Arabia’s Public Investment Fund (PIF), it said on Monday, sending the shares of the luxury electric carmaker...
Gucci’s China shock reverberates across the luxury landscape
FEARS of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for...
Europe: Luxury stocks pressure equities ahead of Fed verdict
EUROPEAN shares were flat on Wednesday, pressured by a sell-off in luxury stocks and in the absence of big bets by investors ahead of a crucial Federal Reserve meeting later...
Singapore’s Patience Capital Group to reopen fund for luxury Japan ski resort as weak yen beckons
PATIENCE Capital Group (PCG), the Singapore-based investor behind a US$1.42 billion luxury ski project in northern Japan, is in talks to reopen its fund to new investors eager to...
Rolex sales top US$10 billion as luxury watchmaker gains ground, Morgan Stanley says
ROLEX sales crested US$10 billion for the first time as the top Swiss watch brand gained market share, according to a report by Morgan Stanley. The dominant Swiss luxury...
