Louis Vuitton opens new store in Ginza, Tokyo

The new Louis Vuitton store in Ginza occupies a street level unit of a mid-rise building, measuring approx. 756 sqm. (8,138 sq.ft.) across two floors. The façade is adorned by mesh panels with geometric pattern inspired by designer Marcel Wanders’ concoctions for Louis Vuitton’s Nomad Collection which … [Read More...]

YNAP reports record revenues of €2.1 billion in 2018

Giant e-tailer Yoox Net-A-Porter reported i 2017 organic net revenues rising 16.9% on a currency-neutral basis, or 11.8% as reported, to hit a massive €2.1 billion. The company is upbeat about the year ahead too with it set to operate the Ferrari Online Flagship Store from June, … [Read More...]

Richemont committed to Lancel, Dunhill brands

Luxury goods group Richemont is committed to keeping its Lancel and Alfred Dunhill fashion brands, both of which have undergone intense restructuring, a source close to the company said on Monday. “Richemont is firmly committed to these brands,” the source said on the sidelines of the SIHH watch … [Read More...]

Kim Jones to exit Louis Vuitton

Louis Vuitton’s Fall 2018 presentation in Paris, which is scheduled for this Thursday, will be Kim Jones’ final with the brand. According to WWD, the men’s artistic director will be exiting the company following Thursday’s show. Since 2011, Jones has been a trend setter at LV who wasn’t afraid to take risks. … [Read More...]

St. Regis to open in Hong Kong early 2019

St Regis Hotels & Resorts announced a collaboration with China Resources Property which is slated to bring the brand to Hong Kong by early 2019, Marriott International has nine properties in Hong Kong, but this will be the first property for the St. Regis brand in the city. Located in the … [Read More...]

Jumeirah appoints new CEO – Jose Silva, ex Four Seasons

Jumeirah, Dubai’s government-owned hotel group, said on Wednesday it had appointed Jose Silva as the new company’s new chief executive. Silva was previously a regional vice president at Four Seasons Hotels and Resorts, overseeing France, Switzerland, Spain and Portugal. Silva also was general manager of the acclaimed Hotel George … [Read More...]

The Waldorf Astoria Edinburgh sold for a record $117 million

The Waldorf Astoria Edinburgh, The Caledonian – has been sold for £85m, in the UK’s largest single asset deal of the last 12 months. The hotel has been bought by Abu Dhabi based Twenty14 Holdings, the hospitality investment arm of LuLu Group International. Twenty14 Holdings, founded in 2014 to capitalise on … [Read More...]

Hugo Boss FY 2017 sales up 1%, Q4 sales rise 5%

Hugo Boss AG has announced that based on preliminary figures, group sales grew by 5 percent in local currencies to 735 million euros (902 million dollars) in the fourth quarter of 2017. The growth, Hugo Boss said, was mostly due to 7 percent sales development on comp-stores basis in the group’s own retail … [Read More...]

Versace in ‘no rush’ to list on the stock market

Italian fashion house Versace is in “no rush” to list on the stock market, CEO Jonathan Akeroyd, Chief Executive told Reuters on Saturday. Versace has been considering a listing, after U.S. private equity Blackstone bought a 20 percent stake in 2014 to fund its overseas expansion. The Versace family holds … [Read More...]

W Hotels to open in Osaka

W Hotels Worldwide, part of Marriott International, announced the signing of W Osaka, slated to open in 2021. Owned by Sekisui House, a long-standing partner of Marriott International, this opening will be the first-ever W in Japan. The 27-floor, new-build hotel will boast provocative and bold W design, … [Read More...]