The National Criminal Investigation Service (SERNIC) has dismantled a luxury residence in the city of Matola, which was used as captivity for victims of kidnappings in Maputo. The "luxury captivity" is located in the Tchumene 1 condominium, which flanks a police station. The operations carried out by SERNIC that led to the identification...
The 21st edition of the "Worlwide Luxury Market Monitor 2022" study, carried out by consultancy Bain & Company and Italian luxury brand foundation Altagamma, reveals that the global luxury goods market will expand significantly in 2022 - by 1.4 billion euros - representing a growth of more than 21% compared to...
Portuguese group Tivoli Hotels & Resorts has announced its expansion into the Spanish market with the opening of a luxury resort in Costa Adeje, Tenerife, which is scheduled to open in spring 2023. The group's new five-star hotel, to be called Tivoli La Caleta Resort, is currently...
After Hermes "escaped" the effects of inflation with increases in revenue, net income and sales, it was the turn of Ralph Lauren and Capri Holdings, owner of Michael Kors. In the first quarter of fiscal 2023, Ralph Lauren reported a revenue increase of 8% to $1.5 billion, a figure...
After its worst decline in history, the luxury personal goods market has experienced a V-shaped recovery to reach 288 billion euros in value, concludes Bain & Company in its "Luxury 2022 Spring Update - Rerouting the Future." "The global luxury personal goods market reaches 288...