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☆ Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value
▼ + stars: | 2023-04-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

A pedestrian carries a Louis Vuitton shopping bag, from a store operated by LVMH Moet Hennessy Louis Vuitton SE, on New Bond Street in London, U.K., on Wednesday, Oct. 21, 2020. Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value. Its shares hit a record high following the results, and hit another high on Monday. It reported revenue of 79.2 billion euros ($87.1 billion) for 2022, with profit from recurring operations of 21.1 billion euros — its second consecutive year of record results. In 2021, LVMH completed the acquisition of U.S. jeweler Tiffany & Co for $15.8 billion.

☆ 'A massive record-breaker': A plot of sand the size of half a football field just sold for $34 million on a luxury Dubai island
▼ + stars: | 2023-04-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A plot of sand in Dubai half the size of a football field sold for $34 million, per Bloomberg. The 24,500 sq ft plot — about half the size of a football field — is on Jumeirah Bay Island, a man-made island in the shape of a seahorse. Jumeirah Bay Island is man-made, like the World Islands and Palm Jumeirah. GooglePrices on Jumeirah Bay Island are so expensive because there were only 128 plots originally put on offer. By comparison, there are thousands of homes on the tree-shaped Palm Jumeirah island, and 300 in the World Islands archipelago.

☆ LVMH to buy French jewellery producer Platinum Invest to ramp up Tiffany production
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 14 (Reuters) - LVMH (LVMH.PA), the world's largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany. With the purchase of the company, which runs five workshops in eastern France and employs 800 people, Tiffany will accelerate production of fine and high end jewellery, the companies said in a statement. Platinum Invest will also continue to produce jewellery for existing clients outside of LVMH as well as other labels in the luxury group, which also owns high end jewellery brands Bulgari and Chaumet. Riding a wave of post-pandemic demand for high end goods, European luxury groups have been tightening their hold on supply chains. Financial terms of the deal to purchase Platinum Invest from private equity firm Andera Partners and French public investment bank BPIfrance were not provided.

☆ Analysis: LVMH's caution points to Americans' waning lust for luxury
▼ + stars: | 2023-04-13 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/2] A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. European labels including LVMH's Louis Vuitton and Dior, as well as Chanel and Hermes have been riding a wave of strong demand from Americans, who emerged from lockdowns with savings and a desire to splash out on designer labels. He added the group is taking a cautious approach to price increases this year -- not just for cognac. "It's probably the most emblematic luxury store in the world," said Guiony. Elliott Savage, portfolio manager of U.S.-based fund YCG Investments, which holds shares in LVMH and other luxury brands, said a weakening U.S. luxury market in the near term could present an opportunity for dominant players to take market share.

☆ Rome hopes to reverse decline and relive La Dolce Vita
▼ + stars: | 2023-03-17 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

[1/5] General view of the Colosseum next to a subway's construction sites in Rome, Italy, February 16, 2023. However, flailing public services can make La Dolce Vita seem a remote dream, for both visitors and residents alike. "It is the biggest investment plan Rome has ever had," Gualtieri told Reuters. "Milan was turned around by the EXPO and has become a city capable of attracting capital from all over the world. Rome is an incredible place and second to none," Luca Luciani, head of BAI Communications Italia, told Reuters.

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☆ The Arnaults are betting big on K-Pop, and it shows the power of South Korea's luxury spending machine
▼ + stars: | 2023-01-31 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

Experts tell Insider this is a calculated move to tap into the booming South Korean market. A targeted move to win over the South Korean marketBTS member Jimin (left) and BLACKPINK singer Rosé. "Fashion trends tend to be created and adopted in South Korea, before being diffused to other markets in Asia," Dubois said. She also said South Korea is "increasingly known" for its K-Pop stars, movies, and shows in the US — which helps with promotions stateside too. Once the COVID situation settles, it is possible that Chinese tourists, with their spending power, return to Korea," Kim said.

☆ I stayed in 5-star luxury hotels around the world for the first time and 10 things surprised me, from welcome gifts to pillow menus
▼ + stars: | 2023-01-28 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

After years of camping and booking cheap Airbnbs, I got my first taste of luxury when I stayed at four five-star hotels around the world. Joey Hadden/InsiderCheap Airbnbs, free campsites, and sleepless nights crammed in cars in Walmart parking lots used to be the norm for me. My introduction to luxury started during a train trip to Miami in October 2021. It was my first experience at a luxury hotel, and once I experienced this level of service, it left me craving more upscale stays. With returning celebrity guests like Sting, Travel and Leisure called it one of the most fashionable hotels in Italy.

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

☆ How 'Real Housewife' Jen Shah's fabulous life came crashing down
▼ + stars: | 2023-01-06 | by ( Stephanie Clifford | ) www.businessinsider.com time to read: +43 min

The woman wrote to the judge overseeing Shah's case that she'd had to remortgage her house, almost divorced, and "thought about ending my own life." The couple decided that he should get his degree while Jen Shah dropped out of college to work. (Shah told a judge at her 2022 plea hearing that she had been treated for "alcohol and depression" two years prior. Koa Johnson, Jen Shah's former fashion designerWhen Sharrieff Shah did participate in filming, he quickly became a fan favorite, calm and sensible. Once the show aired and Jen Shah developed a fan base, her behavior became more dramatic, Johnson said.

☆ As travel resumes, China's luxury shoppers ask: Paris or Hainan?
▼ + stars: | 2023-01-05 | by ( Casey Hall | ) www.reuters.com time to read: +5 min

"When I would go to Paris, I couldn't ask the Paris sales people to keep a bag for me, but now here we can," she said. Under pandemic travel curbs, China's domestic luxury sales boomed, doubling to 471 billion yuan ($68.25 billion) from 2019 to 2021, according to Bain & Co. Even so, Chinese consumers' share of the global market fell to 21% in 2021 from 25% in 2019. "It will be interesting to see how new luxury consumers will perceive the difference between domestic and overseas luxury shopping," he said. ALTERNATIVESInternational travel restrictions and local policies to spur spending also drove many consumers to China's tax-free island of Hainan as a luxury shopping destination.

☆ 13 Unique Gifts for the Mom Who Doesn’t Want Anything
▼ + stars: | 2022-12-13 | by ( ) www.wsj.com time to read: +7 min

The woman forever insisting she doesn’t need anything for the holidays, her birthday or Mother’s Day. With 200-plus thoughtful prompts and quick-hitting questions (What food do you like to have made for you when you’re sick? For the fragrance fanThis cool subscription service makes a unique gift for any mom, delivering an 8 mL bottle of perfume to her door every month. For the mom who’s tired of getting flowersThink of succulents as the gateway into plant parenthood. For the mom who could use a pick-me-upDare we say this is the sort of offering that will have her buzzing?

☆ Bulgari says wealthier consumers continue to spend despite growing recession fears
▼ + stars: | 2022-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBulgari says wealthier consumers continue to spend despite growing recession fearsJean Christophe-Babin of Bulgari Group says while demand for entry-level products tends to contract in recessionary times, higher-end consumers still have disposable income.

☆ Remy Cointreau to enter perfume market at 5,500 euros a bottle
▼ + stars: | 2022-10-21 | by ( Dominique Vidalon | ) www.reuters.com time to read: +3 min

A view shows a Baccarat crystal perfume bottle made for Maison Psyche fragrance, a luxury perfume by French spirits group Remy Cointreau in this picture released by Remy Cointreau on October 21, 2022. Alice Fenwick - Remy Cointreau/Handout via REUTERSPARIS, Oct 21 (Reuters) - Known for its prized Louis XIII cognac, Remy Cointreau (RCOP.PA) is entering the luxury fragrance market with the launch of Maison Psyche, an upscale perfume house that will sell scents starting at 5,500 euros a bottle. The French spirits group will draw on its experience in blending and ageing spirits, as well as marketing to high end clientele, as it seeks to tap into affluent consumers' thirst for exclusivity. The new business could be “potentially strategic,” Remy Cointreau chief executive Eric Vallat told Reuters. Remy Cointreau's Maison Psyche was born from the collaboration of Baptiste Loiseau, Cellar Master of Remy Martin and Sophie Labbe, Principal Perfumer of Switzerland's fragrance group Firmenich.

☆ Sales at the world's largest luxury brand jump on strong demand
▼ + stars: | 2022-10-11 | by ( ) www.nbcnews.com time to read: +2 min

French luxury goods giant LVMH beat market forecasts in the third quarter, posting a sharp rise in sales as wealthy shoppers splashed out on fashion and Americans in Europe made the most of the strong dollar. The world’s biggest luxury group, home to fashion brands such as Louis Vuitton and Dior, got an added boost from improved business in China as COVID-19 curbs eased. The group’s fashion and leather goods division led the jump in sales with a 22% increase on the same period a year ago. The third-quarter results for LVMH, which also owns Sephora and Bulgari, kicks off earnings season for the industry. Rivals Hermes and Gucci owner Kering will both report sales for the three months on Oct. 20.

☆ LVMH sales jump by 19% in third quarter, beating forecasts
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 11 (Reuters) - French luxury goods giant LVMH (LVMH.PA) beat market forecasts in the third quarter, posting a brisk rise in sales as wealthy shoppers continued to splash out on fashion, with an added boost from improved business in China as COVID-19 curbs eased up. Sales at the world's biggest luxury group came to 19.8 billion euros ($19.2 billion), up 19% on a comparable basis from a year earlier, beating analyst expectations for 13% growth according to a Visible Alpha consensus. The third quarter results for LVMH, which also owns Sephora, Bulgari and Tiffany & Co., kicks off earnings season for the industry. Rivals Hermes (HRMS.PA) and Gucci owner Kering (PRTP.PA) will report sales for the three months on Oct. 20. ($1 = 1.0277 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Mimosa Spencer, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ London, Paris, Frankfurt and beyond: CNBC names Europe's best hotels for business travel
▼ + stars: | 2022-10-04 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +10 min

CNBC Travel and the market data firm Statista today release a ranking of the "Best Hotels for Business Travelers" in Europe. FrankfurtSofitel Frankfurt Opera JW Marriott Hotel Frankfurt Best Western Premier IB Hotel Friedberger Warte Le Meridien Frankfurt Steigenberger Airport Hotel FrankfurtSofitel Frankfurt Opera Source: Sofitel Frankfurt OperaThe Sofitel Frankfurt Opera is on Opera Square, or the Opernplatz, near the city's famed opera house. ParisLe Bristol Paris Les Jardins du Faubourg Kimpton - St Honore Paris Pullman Paris Center-Bercy Le MeuriceLe Bristol Paris Source: Le Bristol Paris | Claire CocanoGuests of Le Bristol Paris can count President Emmanuel Macron as a neighbor — Elysee Palace, the official residence of France's president — is just steps away. StockholmGrand Hotel Stockholm Radisson Blu Waterfront Hotel Stockholm Hotel At Six Bank Hotel Lydmar HotelGrand Hotel Stockholm Source: Grand Hotel StockholmTying for No. ViennaPalais Coburg Hotel Residenz Hotel Sans Souci Wien The Ritz-Carlton, Vienna The Harmonie Vienna Grand Hotel Wien This grand hotel built in 1845 is the former home of Austrian royalty.

☆ Șoferul bulgar care a provocat accidentul cu 5 morți și 3 răniți, în Teleorman, a fost reținut
▼ + stars: | 2021-07-08 | by ( ) www.jurnal.md time to read: 1 min

Sursa foto: ISU TeleormanȘoferul bulgar care a provocat accidentul cu 5 morți și 3 răniți, în Teleorman, a fost reținutȘoferul bulgar care a provocat, în noaptea de duminică spre luni, accidentul cu 5 morți și 3 răniți, în Teleorman, a fost reținut. IPJ Teleorman ajunță că șoferul bulgar care a provocat accidentul din 5 iulie de pe DN 6, soldat cu decesul a 5 persoane și rănirea altor 3 a fost reținut pentru 24 de ore.Șoferul a fost dus în arestul Poliției. În noaptea de duminică spre luni, un microbuz în care se aflau opt cetățeni bulgari a lovit frontal un TIR. Șoferul microbuzului ar fi adormit la volan. În urma impactului, cinci persoane au murit, iar alte trei au fost rănite, potrivit Digi24.

Persons: Șoferul Locations: Teleorman

☆ IMPACT VIOLENT între un microbuz și un TIR la Teleorman. Cinci persoane au murit, iar altele patru sunt în stare gravă
▼ + stars: | 2021-07-05 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Un microbuz şi un TIR au fost implicate într-un grav accident de circulaţie în Teleorman, România, în noaptea de duminică spre luni. Cinci persoane au murit şi alte trei au ajuns în comă la spital. A fost declanșat planul roșu de intervenție. Patru dintre cele opt victime au fost transportate la spital, fiind în comă, cu multiple traumatisme, iar una a fost asistată medical la faţa locului. Şoferul autotrenului, conştient şi cooperant, fără leziuni grave, a refuzat transportul la spital.

Locations: Teleorman, România, Prut

☆ Participă la lansarea volumelor „Un blat de miliarde”, de Vasile Bumacov, la Librăria din Centru
▼ + stars: | 2021-07-05 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Participă la lansarea volumelor „Un blat de miliarde”, de Vasile Bumacov, la Librăria din CentruJoi, 8 iulie, la ora 18.15, la Librăria din Centru (bd. Ștefan cel Mare, nr.126) din Chișinău, va avea loc lansarea volumelor „Un blat de miliarde”, de Vasile Bumacov, traducere din engleză de Elena Căpușan, apărute la Editura Cartier în colecția Cartier popular, coordonată de Gheorghe Erizanu. Este doctor honoris causa”) al Universității de Științe Agricole și Medicină Veterinară a Banatului din Timișoara și al Universității Tehnice „Gheorghe Asachi” din Iași. Un blat de miliarde (vol.I), de Vasile Bumacov ( Cartier popular). Preț: 39 RON/ 169 MDLUn blat de miliarde (vol.II), de Vasile Bumacov ( Cartier popular).

Persons: Vasile, Ștefan cel Mare, Elena, Gheorghe, Vasile Botnaru, Maria Ciobanu, Valeriu, Emilian, Păun, Domnul Vasile Bumacov, Nicolae Dabija, Nicolae, BUMACOV, Gheorghe Asachi, Boris Glavan, Dimitri Cantemir Organizations: Universitatea Agrară, Stat, Universitatea Națională din, Universitatea de Agricultură, Universității de Științe, Medicină, Banatului, Universității Tehnice, ONU, Ministerului Agriculturii, Industriei, Academiei de Științe, FAO Locations: Centru, Chișinău, Londra, Mereșeuca, Ocnița ), Republica Moldova, Universitatea Națională din Columbia, Bogota, Tokyo, Medicină Veterinară, Timișoara, Iași, Timorul de Est, Republicii Moldova, Japonia, Republica Coreea

☆ La mulți ani Cahul! Astăzi orașul nostru împlinește 519 ani de la prima atestare
▼ + stars: | 2021-07-02 | by ( ) ziuadeazi.md time to read: +2 min

În anii 1840-1845 orașul Cahul și-a schimbat întrucâtva înfățișarea, căpătând trăsături caracteristice unui centru de județ. În 1857 în Cahul a lucrat câteva luni ca judecător clasicul culturii românești, savantul cu renume mondial – Bogdan Petriceicu Hașdeu. Îndrăgind acest plai, va scrie mai târziu despre locul acesta, despre râul Prut și orașul Cahul, admirând vitejia și înțelepciunea localnicilor. În perioada postbelică orașul Cahul devine principalul centru economic și cultural de sudul Moldovei. Astăzi, Ziua orașului v-a fi marcată printr-un concert susținut de Maestrul Eugen Doga, Paula Seling, Stela Botez, Maria Sarabaș și Ioana Căpraru.

Persons: ., Nicolai I, Gavriil, Bogdan Petriceicu Hașdeu, Mihail Kogălniceanu, Eugen Doga, Paula Seling, Stela Botez, Maria, Ioana Căpraru Locations: . Cahul, Șcheia, Frumoasa, Cahul, Prut, Moldovei

☆ Consiliul Atlantic al Bulgariei cere suspendarea tuturor zborurilor cu avioane MiG-29 reparate de ruși
▼ + stars: | 2021-06-09 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Getty ImagesConsiliul Atlantic al Bulgariei cere suspendarea tuturor zborurilor cu avioane MiG-29 reparate de rușiConsiliul Atlantic al Bulgariei a cerut suspendarea zborurilor cu toate aeronavele MiG-29 reparate de Russian Aircraft Building Corporation, după ce un avion de luptă de acest tip s-a prăbușit, miercuri, în Marea Neagră. Reacția vine după ce un avion de luptă MiG-29 aparținând forțelor aeriene din Bulgaria s-a prăbușit, miercuri, în Marea Neagră, în timpul unor operațiuni militare. Totodată, Consiliul Atlantic solicită ministrului interimar al apărării să analizeze urgent impactul întârzierilor de către partea rusă a implementării contractelor privind reparația avioanelor de luptă Mig-19 și a pregătirii piloților. Potrivit sursei citate, este foarte important să se clarifice dacă există o legătură între pregătirea de luptă a piloților bulgari, mult sub standardele NATO, și acest incident. Consiliul Atlantic insistă pentru suspendarea imediată a tuturor activităților privind extinderea folosirii aparatelor MiG-29.

Organizations: Consiliul, Aircraft Building, Atlantic, NATO Locations: Bulgariei, Consiliul Atlantic, Bulgaria

☆ Americanii sancționează bulgarii pentru corupție; Unul din ei ar fi vrut să pună guvernul sub influența rusă
▼ + stars: | 2021-06-04 | by ( ) www.jurnal.md time to read: +4 min

Sursa foto: ProfimediaAmericanii sancționează bulgarii pentru corupție; Unul din ei ar fi vrut să pună guvernul sub influența rusăStatele Unite sancționează trei oameni de afaceri și 64 de companii din Bulgaria, din cauza corupţiei. Ţara a fost criticată în repetate rânduri de Comisia Europeană pentru că nu a reuşit să elimine corupţia şi că nu a trimis niciun funcţionar guvernamental de rang înalt după gratii pentru corupţie. Departamentul Trezoreriei din SUA a informat, miercuri, într-un comunicat că aceasta este cea mai importantă acţiune a Washingtonului împotriva corupţiei din Bulgaria de până acum. Premierul bulgar interimar Stefan Ianev a declarat că a fost informat telefonic despre decizie de subsecretarul de stat american pentru afaceri politice, Victoria Nuland. În 2013, Delian Peevski fusese propus la șefia serviciilor secrete, dar în cele din urmă numirea sa a fost anulată în parlament.

Persons: Stefan Ianev, Victoria, Vasil Krumov, Vlad Plahotniuc, Delian, Ilko Dimitrov, aceştia, Andrea Gacki Organizations: Uniunea Europeană, Europeană, Trezoreriei, fotbal Levski Sofia, Peevski Locations: Statele Unite, Bulgaria, SUA, România, american, Bojkov, Dubai, Moldova, Republica Moldova, bulgar

☆ Armata SUA, dată în judecată. Militarii NATO au luat cu asalt o fabrică de ulei din Bulgaria, din greşeală
▼ + stars: | 2021-06-03 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Un om de afaceri din Bulgaria i-a dat în judecată pe militarii americani care participau la un exerciţiu NATO şi i-au luat cu asalt, din greşeală, fabrica de ulei. Trupele participau la un exerciţiu NATO în care simulau capturarea şi securizarea unui aerodrom părăsit. În timpul misiunii, soldaţii au pătruns într-o fabrică situată în vecinătate, despre care au crezut că era parte a zonei de antrenament. Militarii au mers peste tot, a fost o încălcare ilegală a proprietății mele private", a declarat proprietarul fabricii, Marin Dimitrov. Potrivit presei din România, în iunie 2019, tot în cadrul unui exerciţiu NATO, mai multe tancuri au intrat pe câmpurile de porumb şi floarea soarelui ale agricultorilor din Feteşti.

Persons: Operaţiunea, Marin Dimitrov Organizations: NATO, Ambasada, Apărare, Ministerul Apărării Locations: Bulgaria, NATO, SUA, Plovdiv, Ambasada Statelor Unite, România, ţara

☆ Oligarhul bulgar Bojkov, care toamna trecută s-a întâlnit cu Plahotniuc în Dubai, inclus pe lista de sancțiuni impuse de SUA
▼ + stars: | 2021-06-03 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: gong.bgOligarhul bulgar Bojkov, care toamna trecută s-a întâlnit cu Plahotniuc în Dubai, inclus pe lista de sancțiuni impuse de SUAMafiotul bulgar Vasil Bojkov, fostul beneficiar al Loteriei Naționale și care în septembrie anul trecut s-a întâlnit cu Vladimir Plahotniuc în Emiratele Arabe Unite, se află în lista de sancțiuni impuse de Statele Unite. Departamentul Trezoreriei informează într-un comunicat că aceasta este cea mai importantă acţiune împotriva corupţiei din Bulgaria de până acum. Astfel, Departamentul Trezoreriei a impus sancţiuni împotriva omului de afaceri şi oligarhului Vasil Krumov Bojkov, de 64 de ani, acuzându-l că a plănuit să creeze un canal prin care liderii ruşi să influenţeze guvernul bulgar. Informațiile despre faptul că Vladimir Plahotniuc s-ar fi întâlnit cu Vasil Bojkov la mijlocul lui septembrie, în Emiratele Arabe Unite au fost dezvăluite în cadrul emisiunii Secretele Puterii de la Jurnal TV. Potrivit surselor citate, Plahotniuc ar fi încercat să obțină azil politic în Emiratele Arabe Unite, în condițiile în care din partea Turciei i-ar fi greu să obțină acest lucru, pentru că Republica Moldova are tratat de extrădare cu acest stat.

Persons: Plahotniuc, Vasil, Vladimir Plahotniuc, Reuters, Vasil Krumov, Vasil Bojkov Organizations: Loteriei Naționale, Emiratele Arabe Unite, Trezoreriei Locations: Dubai, SUA, Vasil Bojkov, Emiratele Arabe, Statele Unite . SUA, Bulgaria, Bojkov, Emiratele Arabe Unite, Turciei, Republica Moldova

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