UK Luxury Industry Report: Gilts Drop, Pound Rises, and London Luxury Home Prices

U.K. government bonds declined, paring this month’s advance, as equities rose amid renewed optimism the European Union will take steps to resolve Greece’s debt crisis without forcing investors to incur losses. Two-year note yields also increased after reaching the lowest this year last week. The pound weakened against the euro as Jean-Claude Juncker, head of…

Five Hot Celebrities Not So FAB At Luxury Branding

  While celebrities may have a talent for navigating Hollywood’s shark-infested waters, their instincts in areas of finance are often another matter entirely. Tales of ill-fated celebrity investments are common, from the savvy star who makes a rare misstep to those who had no business making complex financial decisions in the first place. Here is…

Ultra Rich Shoppers Return To Neiman Marcus Again

Neiman Marcus Inc. said Friday that its fiscal third-quarter profit more than doubled, reflecting strong sales gains. The Dallas-based retailer also said that the 200,000-square-foot expansion of its warehouse on Pinnacle Point Drive will be finished in August to handle its growing online business. Neiman Marcus’ results, along with recently reported strong performances from Tiffany…

Paul&Shark Targets India Luxury With New Express Avenue Mall, Chennai Store

After the successful launch of its stores in Delhi, Hyderabad and Mumbai, Italian luxury sportswear brand Paul&Shark recently launched its store in Chennai. Paul&Shark has entered India through an equal joint venture with Reliance Brands Ltd – a part of Reliance Industries.   Paul&Shark is a lifestyle sportswear brand distinguished by the unmistakable “shark logo”.…

Louis Vuitton In National Museum of China Targets Luxury Travel

A guide looks in from the entrance of a hall for a Louis Vuitton Voyages exhibition at the National Museum of China in Beijing May 31, 2011. Louis Vuitton is making a pitch to consumers in a spot no Western brand has ventured before: the National Museum of China. The French luxury giant, celebrating its…