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<strong>Deloitte</strong> forecasts annual luxury market growth between 5% and 10% until 2021

Deloitte forecasts annual luxury market growth between 5% and 10% until 2021

M&A deals in the luxury sector grew in number in 2017, proof of the interest investors have in a market which, according to a survey by Deloitte, is set to grow strongly for another 3 years.
Fashion
<strong>Marie France</strong> Van Damme to open a Wynn Plaza boutique in Las Vegas

Marie France Van Damme to open a Wynn Plaza boutique in Las Vegas

Hong Kong-based designer Marie France Van Damme is joining the Las Vegas luxury shopping trend, opening a boutique in the city's newest shopping destination Wynn Plaza this fall.
Luxury
Italian fashion brand <strong>Bulgari</strong> opens luxury hotel in Shanghai

Italian fashion brand Bulgari opens luxury hotel in Shanghai

Shanghai has a new luxury address, with the opening of Bulgari Hotel Shanghai. Set on the riverbank not far from the city's famous waterfront The Bund, Bulgari Hotel Shanghai is a 48-floor tower that features 82 rooms.
Luxury
<strong>Inditex</strong> Q1 hit by currency woes, but sales still a record, Q2 improves

Inditex Q1 hit by currency woes, but sales still a record, Q2 improves

Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
Fashion
<strong>Harvey Nichols</strong> launches tech to bring in-store experience to e-shoppers

Harvey Nichols launches tech to bring in-store experience to e-shoppers

A new deal between Harvey Nichols and tech firm Hero sees the luxury retailer offering a physical stores experience to online shoppers, and in its test phase its has driven conversion rates much, much higher.
Luxury
Bangladesh's RMG sector 'much safer' now, says US ambassador

Bangladesh's RMG sector 'much safer' now, says US ambassador

Bangladesh’s RMG sector is much safer than in 2013 when the Rana Plaza disaster occurred, said US ambassador Marcia Bernicat. She added that Bangladesh has made progress on workplace safety.
Lifestyle
Complimentary toiletry kits, a booming market for French producer GM

Complimentary toiletry kits, a booming market for French producer GM

Revenue for the GM group, specialised in personal and skincare products for the hotel sector, grew by 8% in 2017, driven by the group's international expansion and by market demand.
Lifestyle
<strong>Bulgari</strong> to open new luxury hotel in Paris

Bulgari to open new luxury hotel in Paris

When the French outpost of Bulgari Hotels and Resorts opens in 2020, it will occupy a place on 30 avenue George V which forms one of the most exclusive and most expensive pieces of real estate in the city.
Lifestyle
US retail sales decline 0.3% in January, end-of-season Dec revised as lower

US retail sales decline 0.3% in January, end-of-season Dec revised as lower

Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
Fashion
<strong>Converse</strong> opens hotel-inspired pop-up in London

Converse opens hotel-inspired pop-up in London

Converse is taking over a five-floor building in the heart of Shoreditch to open the ‘Converse One Star Hotel’, a two-day immersive pop-up featuring exclusive sneaker launches and rooms curated by music artists.
Fashion
<strong>Alibaba</strong> to take $486 million stake in China retail data firm

Alibaba to take $486 million stake in China retail data firm

China's biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence.
Lifestyle
<strong>Givenchy</strong>, <strong>Alexander McQueen</strong> to open South Coast Plaza boutiques

Givenchy, Alexander McQueen to open South Coast Plaza boutiques

Givenchy and Alexander McQueen are the latest luxury labels moving into Orange County's South Coast Plaza, joining 250 other top brands who are retail tenants in the Costa Mesa mall.
Luxury
City of Amsterdam to launch its own online retail platform for local retailers

City of Amsterdam to launch its own online retail platform for local retailers

The city of Amsterdam will be launching an online retail platform, fostering local retailers in the transition to the digital retail age. The initiative is set to launch in May 2018.
Fashion
LVMH to reopen Paris La Samaritaine complex with DFS luxury store in 2019

LVMH to reopen Paris La Samaritaine complex with DFS luxury store in 2019

At the end of 2019, the duty-free retailer owned by LVMH will open its first French store within the La Samaritaine complex in Paris, featuring a "unique" French luxury experience.
Luxury
Global tourism hits record increase in 2017, France leads

Global tourism hits record increase in 2017, France leads

Global tourism figures were the best they have been in seven years in 2017, thanks to an economic uptick last year, with Europe in the lead and the United States stalling in visitor numbers.
Lifestyle
Three charged with <strong>Ritz</strong> jewellery heist

Three charged with Ritz jewellery heist

Three men were charged and detained Saturday over an audacious jewellery heist at the Ritz hotel in Paris this week, while two other suspects were still on the loose, a judicial source said.
Luxury