Lotte Duty Free Guam CEO Jamie Lee said: “As part of the final phase of our redevelopment, the new boutiques represent a key part of the business at Guam. Lotte Duty Free has very strong relationships with many of the world's leading luxury brands and …

SPAIN. LS Travel Retail subsidiary Aelia Retail España today opened The Fashion Gallery in Adolfo Suarez Madrid Barajas Airport Terminal 1. The 1,050sq m multi-brand gallery is the largest luxury shopping area in a Spanish airport and features 21 …

July 17 (Bloomberg) — Bloomberg's Hans Nichols reports on talks between shareholders for Volkswagen to possibly take over the luxury portion of Fiat's brands. He speaks on “The Pulse.” Please enable JavaScript to view the comments powered by Disqus.

In the past five years, the amount of used higher end passenger car brands imported has dramatically overshadowed sales of new cars from the local agents, with only 9.8 per cent of BMWs and 13.2 per cent of Jaguars being bought new. Mercedes fared …

In the early days of social media luxury brands attracted huge followings simply because people liked to be associated with aspirational companies. I naively thought that those days had passed, but it would appear that luxury fashion brands are still a …

Critics are enraged by politicians renting out monuments and allowing luxury brands to use sacred historical sites as commercial ventures. The widespread switch indicates an increasing privatization in Italy. But politicians are convinced they are on …

The internet has increasingly encroached on luxury good sales that encompass more than just fine art. Online sites, such as Gilt, which peddles luxury goods that range from shoes to watches to scented candles, has generated massive customer bases and …

A recent survey of more than 100 international and luxury brands by JLL shows that Hong Kong still ranks as the most attractive retail destination for international retailers in the Asia-Pacific, with more international brands choosing to open their …

The deal is further evidence of private equity groups' interest in Italian luxury brands. Blackstone bought a 20 per cent stake in Versace this year after a competitive bidding process run by the controlling Versace family. London-based Trilantic …