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Luxury Items

Lulu launches into luxury sector with investment in UK's East India Company
www.thenational.ae

With its first foray into the luxury goods sector with EIC, Lulu is looking to tap a growing global luxury market, especially in the premium food retail segment. In the Arabian Gulf region alone, food retail sales is expected to grow at 8.8 per cent …

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Burberry Remains Digital Luxury Leader, While Céline Trails
www.businessoffashion.com

“Luxury companies did not have to develop online, as they could find easy growth elsewhere and many luxury executives grew accustomed to seeing the Internet as a place where you go for bargains,” said Luca Solca, head of luxury goods research at Exane …

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The Booming Market for Your Hermès Hand-Me-Downs
www.businessweek.com

Sales of pre-owned luxury goods are soaring as the RealReal, Paris-based Vestiaire Collective, and other online marketplaces allow brand-obsessed consumers to recycle their fancy clothes and purchase more for less. The market for secondhand luxury …

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TD Garden unveils renovations to concourses, luxury areas
www.bostonglobe.com

TD Garden executives unveiled the first phase of their $70 million renovation of the 20-year-old arena Wednesday, prior to the Boston Bruins' season opener versus the Philadelphia Flyers. “This is for our fans, they've asked for this,” said TD Garden …

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PHILIPPINES PRESS-Luxury brand retailer SSI slashes IPO price – Malaya
www.dailymail.co.uk

SSI Group Inc, a retailer of luxury items in the Philippines, has lowered the price cap for its planned initial public offering to 7.50 pesos per share from an earlier announced 12.50 pesos, the Malaya Business Insight reported, citing regulatory filings.

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Police seize heroin, cash and luxury items in property raids
www.theage.com.au

A highly sophisticated and long-standing heroin trafficking ring, operating out of some of Melbourne's most sought after suburbs, had been producing about $250,000 worth of the drug each week, police allege. Properties, including a family home where …

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Neiman Marcus Christmas gifts include $425000 trip to Oscars
www.newsday.com

That's one of the lavish items included in the annual Christmas Book by Neiman Marcus, released Tuesday. It's the 88th edition of the publication from the Dallas-based luxury retailer. For the martini lover who… Content Preview This content is …

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South Korea Powers Up Duty-Free Sales as China Tourism Magnet
www.businessoffashion.com

Thanks to Chinese tourists' appetite for the luxury goods and, in particular, Korean items, South Korea overtook Britain in 2010 to become the world's largest duty-free market. In 2012, the last year for which full sales numbers are available globally …

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South Korea Powers Up Downtown Duty-free Sales As China Tourism Magnet
www.businessinsider.com

Thanks to Chinese tourists' appetite for the luxury goods and, in particular, Korean items, South Korea overtook Britain in 2010 to become the world's largest duty-free market. In 2012, the last year for which full sales numbers are available globally …

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