June 2008

Source: Bloomberg BMW, Volkswagen AG’s Audi AG and other luxury-car makers have added new models and boosted production in China as rising incomes spur sales of more expensive cars. The 1-Series may eventually go into production in China if imported ones sell well, China Business News said last month, citing the head of BMW’s local …

Economic downtimes are hitting almost everywhere. However, luxury products, consisting of luxury watches with lofty pricing are still attracting wealthy customers and increasing healthy sales! Narun Thamavaranukup, managing director of PMT The Hour Glass, a local retailer of luxury watches, said the company recorded 20% sales growth in the first quarter of this year.”Luxury watches …

Hilton wants to double luxury properties in the next year as well as create an upscale boutique hotel brand, Hilton Hotels Corp. First stop, hiring two luxury gurus away from their competitor Starwood Hotels & Resorts Worldwide, Inc. Announcing the appointment of Ross Klein as global head of luxury and lifestyle brands for Hilton and …